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U.S. Gasoline Prices Hit 6 Month High, Keep Rising

U.S. Gasoline Prices Hit 6 Month High, Keep Rising

Submitted by Charles Kennedy via OilPrice.com,

The average price of gas in the United States is now at $2.22, up 8 cents over last week, hitting a 6-month high. This, in stark contrast to February’s ultra-low gas prices of $1.68 per gallon - a level that had not been since the end of 2008.

Then, the price drop lasted only five months from December 2008 to May 2009 when it rose to $2.24 per gallon.

First US Soldier In Iraq Killed By Islamic State During "Enemy Fire"

First US Soldier In Iraq Killed By Islamic State During "Enemy Fire"

US "boots on the ground" on Iraq have just suffered their first casualty.

Moments ago US Defense Secretary Ash Carter announced that the Islamic State killed the first U.S. serviceman in Iraq who was aiding Kurdish fighters near the northern Iraqi city of Mosul, RT reports. A statement from the US-led forces in Iraq added the fatality was "a result of enemy fire." "It is a combat death, of course. And a very sad loss," Carter told reporters at a press conference in Germany.

"Unexpected" Australian Rate Cut To Record Low Unleashes FX Havoc, Global "Risk Off"

"Unexpected" Australian Rate Cut To Record Low Unleashes FX Havoc, Global "Risk Off"

Three months ago, when Australia unexpectedly revealed that its recent "stellar" job numbers had in fact been cooked we asked, rhetorically, why the sudden admission it was all a lie? Simple: weakness in commodity prices "is far greater than people had been expecting,” the nation's top economist said. Australia is now "swimming against the tide" because of uncertainties in the global economy, he added.

Brexit and the Lessons of American Federalism

A few years ago President Barack Obama urged members of the European Union to admit Turkey. Now he wants the United Kingdom to stay in the EU. Even when the U.S. isn’t a member of the club, the president has an opinion on who should be included. Should the British people vote for or against the EU? The answer isn’t up to America.

What began in 1957 as the European Community (EC), or the Common Market, was a clear positive for the European peoples. It created what the name implied, a large free trade zone, promoting commerce across the continent.

Who Started the Second Cold War?

Friday, a Russian SU-27 did a barrel roll over a U.S. RC-135 over the Baltic, the second time in two weeks. Also in April, the U.S. destroyer Donald Cook, off Russia’s Baltic enclave of Kaliningrad, was twice buzzed by Russian planes.

Vladimir Putin’s message: Keep your spy planes and ships a respectable distance away from us. Apparently, we have not received it.

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