From Washington: What Falling Gas Prices Mean For Americans

Gas prices continue to fall as the summer rolls on, but the discount at the pump may not be enough for Americans. Although White House Economic Advisor Jared Bernstein attributed the declining prices to President Biden’s ease of ethanol blend regulations and release of oil from the Strategic Petroleum Reserve, the risk of another price spike is high. Head Of Petroleum Analysis at GasBuddy Patrick De Haan discusses the impact that gas prices will have, how hurricane season could skyrocket prices once again, and how the war on Ukraine has affected diesel prices in Europe heading into the winter.
When a Chinese company purchased land to open a corn mill in Grand Forks, North Dakota last year, the community initially celebrated the addition of a local agriculture business that would create new job opportunities. However, local residents quickly began to express concerns about the mill’s proximity to the Grand Forks Air Force Base, a major U.S. military communications hub located just miles away. Senator Kevin Cramer (R-ND) weighs in on the level of the national security threat posed by the Chinese land deal, how the Grand Forks community effectively sounded the alarm with lawmakers in the nation’s Capitol, and why federal officials need to view Chinese intelligence concerns with a better lens.