On the recordSeptember 14, 2022
The very distinguished gentleman from Kentucky purported to speak for what Americans are worried about. Undoubtedly, many Americans are worried about inflation, which is why this administration has been taking strong action not just to get jobs for everybody who wants a job and good jobs and union jobs for people, but also to bring inflation down. Mr. Speaker, I include in the Record a New York Times article titled ``U.S. Gas Prices Have Fallen for 91 Straight Days, a Relief for Consumers.'' [From the New York Times, Sept. 13, 2022] U.S. Gas Prices Have Fallen for 91 Straight Days, a Relief for Consumers (By Isabella Simonetti) The price of gasoline continues to fall steadily, easing pressure on American consumers as the cost of filling a tank continued to tumble from record levels reached earlier in the summer. Gas prices fell 10.6 percent in August, which helped moderate still-sky-high inflation, Tuesday's Consumer Price Index report showed. The energy index, which tracks gasoline and electricity among other energy sources, dropped 5 percent last month, as electricity and natural gas prices rose. After peaking at $5.02 in June, gasoline prices have dropped for 91 straight days, and the national average stood at just over $3.70 a gallon on Tuesday, data from AAA show. But analysts point to a few reasons this streak of declines is unlikely to continue.…





