Energy crisis worsens, cost of living skyrockets
Last updated 6/15/2022 at 6:05am
A year and a half ago, when President Biden was sworn into office, gas prices were $2.39 a gallon. Today, gas prices have more than doubled, averaging $5.01 per gallon.
The Labor Department reported Friday that inflation rose to 8.6% in the 12 months ending in May, its highest level since December 1981. Virtually no sector of the economy was left untouched. Electricity is up 12% from a year ag...