This story is developing:
Media reports showing widespread looting in Chicago on Sunday night. The Chicago Tribune reported that it observed people carrying shopping bags full of merchandise in the areas where the looting was happening and at least one U-Haul van was seen pulling up.
The Chicago Transit Authority also tweeted that all bus and train service going into the city’s downtown areas was “temporarily suspended at the request of public safety officials.”
“Looting continues this morning. This is the Apple Store at Clybourn/North being hit again around 4:30 a.m,” wrote in a tweet a WGN-TV reporter, showing footage from the scene.
Looting continues this morning. This is the Apple Store at Clybourn/North being hit again around 4:30 a.m. pic.twitter.com/xwpiHt5wDQ— Sarah Jindra (@SarahJindra) August 10, 2020
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Americans should brace for ‘real pain’ at the gas pump
A spike in gas prices will likely begin in March, according to Patrick De Haan, the head of petroleum at GasBuddy. De Haan says all Americans may soon be facing California-esque gas prices.
Biden’s rising inflation could push gas prices for regular unleaded fuel to above $4 a gallon. “We’ll start to see gasoline demand surge, along with refiners doing maintenance ahead of the summer driving season, creating a squeeze” De Haan told Fox Business.
Earlier this month, GasBuddy projected the national average price for a gallon of gasoline could climb to a high of $4.13 in June. California cities could have average costs of over $5. Currently the nationwide average is $3.314 per gallon according to the American Automobile Association.
The highest-priced gas averages are $4.650 in California, and Texas sits at the lowest average of $2.942. Nonetheless, U.S. drivers are being warned to expect “real pain” at the pump when the spring travel surge begins.
Inflation is currently at the highest level in almost 40 years. Last week the Labor Department said the consumer price index has risen 7 percent over the last year. President Biden has called inflation “a global challenge” and attempted to claim the latest numbers are good news, point to a monthly rate of price increases around December.
After the report came out, Biden said, “Today’s report—which shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling—demonstrates that we are making progress in slowing the rate of price increases.”
“At the same time, this report underscores that we still have more work to do, with price increases still too high and squeezing family budgets” Biden did admit.
Daily Mail reports “nationwide, gas prices did drop 2.2 percent in December from the prior month, but remained 50 percent higher than a year ago. Food prices were up 0.5 percent on the month and 6.3 percent higher than a year ago, making it unclear what falling food prices Biden was referring to.”
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