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Daily News Brief for Tuesday, October 25th, 2022

Daily News Brief for Tuesday, October 25th, 2022

FromDaily News Brief


Daily News Brief for Tuesday, October 25th, 2022

FromDaily News Brief

ratings:
Length:
16 minutes
Released:
Oct 25, 2022
Format:
Podcast episode

Description

This is Garrison Hardie with your CrossPolitic Daily NewsBrief for Tuesday, October 25th, 2022. I hope you and your family had a restful weekend, but now let’s take a dive back into the news. Before we do that however…
 
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https://www.theepochtimes.com/us-has-only-25-days-of-diesel-supply-as-shortage-could-cripple-economy_4815049.html?utm_source=partner&utm_campaign=BonginoReport&src_src=partner&src_cmp=BonginoReport
 
US Has Only 25 Days of Diesel Supply; Shortage Could Cripple Economy
 
The United States is down to 25 days of diesel supply as a top White House official declared the stockpile levels to be “unacceptably low.”
 
Data provided by the Energy Information Administration (EIA) show that diesel stockpiles are at their lowest level for October in records that date back to 1993, according to a Bloomberg News analysis. EIA data show that the United States, as of Oct. 14, has 25.4 days of supply—down from 34.2 days of supply four weeks prior.
 
National Economic Council Director Brian Deese, a top adviser to President Joe Biden, told Bloomberg News last week that current diesel levels are “unacceptably” low and that “all options are on the table” to increase supplies.
 
The diesel crunch comes just over two weeks before the November 2022 midterm elections and will likely drive up prices even more. Diesel is the fuel used by freight trains and commonly used by long-haul truckers to transport goods and food.
 
Prices, meanwhile, remain relatively elevated, according to AAA data. The average price for a gallon of diesel stands at around $5.33 nationwide, or up nearly $2 since the same time in 2021, the data shows.
 
Wholesale diesel prices at the New York spot market spiked last week to more than $200 per barrel.
 
It comes as the Biden administration recently announced it would release another 15 million barrels of oil from the U.S. Strategic Petroleum Reserve, part of the 180 million Biden authorized in March, that Republicans say is a bid to keep Democrats politically afloat ahead of the midterms. But Biden and his allies say that it’s not a political tactic, and the administration says it will refill the reserve when prices drop to $67–$72 per barrel.
 
https://www.dailywire.com/news/biden-on-his-fitness-for-office-i-could-drop-dead-tomorrow
 
Biden On His Fitness For Office: ‘I Could Drop Dead Tomorrow’
 
President Joe Biden (D) responded to questions about his age and fitness for office during an interview that aired Sunday morning by saying that he could “drop dead tomorrow.”
 
Biden made the remarks during an MSNBC interview with Jonathan Capehart when he was asked what he would say to convince voters to stick with him if he were to run again in 2024.
 
https://twitter.com/i/status/1584212983672340480 - Play Video
 
https://www.dailyfetched.com/eu-to-gift-18-billion-to-ukraine-next-year-rest-will-come-from-u-s/
 
EU to Gift $18 Billion to Ukraine Next Year, the Rest Will Come From U.S
 
European Commission President Ursula von der Leyen spoke after the 27 national EU leaders discussed supporting Ukraine during the second day of their summit in Brussels on Friday.
 
She said the EU has so far sent $19 billion to Ukraine this year.
 
Von der Leyen said the EU would finance 1.5 billion euros per month, with the rest expected to come from the United States.
 
During a video link, Volodymyr Zelensky addressed the EU leaders saying Russian missiles and Iranian
Released:
Oct 25, 2022
Format:
Podcast episode

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Daily News Brief