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Here's some good news for drivers in the United States: Gasoline could fall below a gallon for many Americans later this year.Retail gas prices have been falling steadily for several weeks now. The national average currently stands at .72 a gallon for regular gas, according to AAA, down 17 cents from the 2019 high in early May and down 7 cents in just the past week.Wholesale prices are falling even faster, suggesting that prices at the pump should continue to fall."Pretty much every portion of the country should see drops between now and the end of next week," said Tom Kloza, head of energy analysis for the Oil Price Information Service.Most of the decline is because of falling oil prices, in part thanks to booming US oil production. That has made up for cuts in production by OPEC nations designed to support prices. Oil prices have also fallen in part because of weaker-than-expected demand for gasoline in international markets, particularly China, where slowing economic activity has cut into auto sales.Gasoline prices have fallen fastest in parts of the country where gas was the norm at the end of last month. In California, which still has the highest average price at .86 a gallon, prices have fallen by 23 cents. And wholesale prices in the West are falling even faster than elsewhere in the country as refineries there that had been shut come back online."[Gas prices] should continue to fall as we move through the summer," said Kloza. "There's a high probability we'll be paying less than .50 in the next few months."The national average price will probably decline even more — perhaps to .25 a gallon according to Kloza — later in the year. Once the summer driving season ends, demand for gas falls, pushing down prices. So does a switch away from the more expensive blend of gasoline required in the summer months to control smog.A national average of .25 a gallon would probably mean that nearly half the nation's gas stations will be selling regular gas for less than a gallon, Kloza said. 2047
Honored to wear these cleats tomorrow for Riley Hospital, pediatric cancer awareness & in loving memory of Kadyn, Leah, Daija & Brianna???? pic.twitter.com/KFIu1HEN5h— Matt Overton (@MattOverton_LS) October 21, 2017 235
Gail Devore has been on insulin for Type I Diabetes for 47 years. But in the past year, she started rationing one of her insulin prescriptions because it became too expensive.“We are dying, we are suffering complications when we have to ration or when we can't afford to fill our prescriptions and take it for the amount that prescribed to us,” Devore said. “It's unacceptable.Doctors warn against rationing meds because it can lead to health problems — and even death.“My doctor has said I will continue to stay healthy as long as I can afford to take care of myself at the level I have been all these years,” Devore said. “But with prices this high it's likely I can't. No one should have to make these kinds of decisions.”A new JAMA study found 40 of 49 top name-brand prescription drugs have had skyrocketing prices in the last six years. On average, the cost of the drugs jumped 76 percent.Most of the drugs continue to increase in price once and even twice per year.The JAMA report noted that even competition does not keep prices from rising. Popular diabetes drugs saw large price increases despite doctors being able to prescribe them interchangeably.“There has to be change. Otherwise more people will die needlessly,” Devore said.Both Congress and the Trump White House have promised to find ways to lower costs of drugs, and several bills are in the works. It’s unclear what impact those bills will have since they are still being negotiated by a divided Congress. 1488
For the 10th straight week, weekly initial claims for unemployment have totaled in the millions.On Thursday, the Department of Labor reported that 2.1 million people filed initial claims for unemployment for the week ending May 23. In the last 10 weeks, 40 million Americans have filed claims for unemployment.Thursday's report marked the eighth straight week in declining unemployment figures, but unemployment claims remain historically high. Prior to the pandemic, the record high for weekly unemployment claims came in 2006, when 665,000 people filed for unemployment. The Department of Labor has been tracking the statistics since 1967.While economists often use weekly unemployment figures to gauge how many Americans lost their jobs, surveys suggest that these figures are underestimating the true number of Americans who have lost their jobs in the pandemic. 879
Gloria Vanderbilt died Monday morning, according to her son, CNN's Anderson Cooper. The fashion designer, artist and socialite was 95.She died at home with friends and family at her side."Gloria Vanderbilt was an extraordinary woman, who loved life, and lived it on her own terms," Cooper said in a statement. "She was a painter, a writer and designer but also a remarkable mother, wife, and friend."She was 95 years old, but ask anyone close to her, and they'd tell you: She was the youngest person they knew -- the coolest and most modern."In the spotlight from the startBorn in New York in 1924, Gloria Laura Morgan Vanderbilt grew up in France. Her father, financier Reginald Vanderbilt, the heir to a railroad fortune, died when she was a baby.Gloria was the focus of media attention at an early age, dubbed "the poor little rich girl" amid an intense custody battle between her mother and her father's enormously wealthy sister, Gertrude Vanderbilt Whitney. Her aunt prevailed in court proceedings."As a teenager she tried to avoid the spotlight, but reporters and cameramen followed her everywhere," Cooper said. "She was determined to make something of her life, determined to make a name for herself, and find the love she so desperately needed."Her first marriage was to Hollywood agent Pat DiCicco in 1941, when Vanderbilt was 17.At 21, she took control of a .3 million trust fund her father had left her. She divorced DiCicco two months later, promptly remarried -- this time, to conductor Leopold Stokowski, who was 63 at the time."I knew him for a week and married three weeks later," she once told Cooper during an interview.Asked if her friends thought it was weird that she had fallen for a man four decades her senior, she said, "It didn't matter to me."An artist at heartWith Stokowski, she began pursuing her passions, beginning with her artwork, which she first put on exhibit in 1948. She had two sons with Stokowski: Leopold Stokowski was born in 1950, and Christopher Stokowski in 1952.In 1954, she made her stage debut in a production of the romantic drama, "The Swan," at the Pocono Playhouse in Mountainhome, Pennsylvania. She published a book of poetry the following year, the same year she divorced Stokowski.She found love again in Hollywood with director and producer Sidney Lumet, who would go on to earn multiple Academy Award nominations for films such as "12 Angry Men," "Dog Day Afternoon" and "Network."The two married in 1956. Following their divorce in August, Vanderbilt married for a final time on Christmas Eve of that year. With writer Wyatt Cooper, she had two more sons: Carter Cooper in 1965 and Anderson Cooper in 1967.Vanderbilt found another avenue for her creativity in the years that followed. Tapping her artwork as a muse, she produced fashion and textile designs that would earn her the 1969 Neiman Marcus Fashion Award, before opening the door to a line of ready-to-wear garments in the mid-1970s.Under her GV Ltd. brand, she'd go on to sell millions of pairs of jeans bearing her trademark swan logo."If you were around in early 1980s it was pretty hard to miss the jeans she helped create, but that was her public face -- the one she learned to hide behind as a child," Anderson Cooper said. "Her private self, her real self -- that was more fascinating and more lovely than anything she showed the public.Losing a son, finding solace in wordsTragedy struck the family in 1988 when Carter Cooper, 23, jumped from the 14th-floor terrace of his parents' penthouse in the Yorkville neighborhood of Manhattan's Upper East Side. Carter had suffered with depression.The following years were rough ones for Vanderbilt. On top of coping with the loss of a son, her lawyer and psychiatrist bilked her out of millions. She successfully sued them, but still had to sell her mansion in the Hamptons and a five-story Manhattan penthouse to pay debts.In 1995, she moved in with Anderson Cooper and began working on a book, "A Mother's Story," which published in 1996. The book documented her grief after Carter's death. Despite her struggles, she always welcomed stories about her boy, she told People in a 2016 interview.People "will start to talk about him and then say, 'Oh, I'm sorry,' and I say, 'No, I love to talk about him. More, more, more' -- because that brings him alive and it brings him closer and it means that he hasn't been forgotten," she told the magazine, Anderson Cooper by her side.Jones Apparel Group bought Gloria Vanderbilt Apparel Corp. in 2002 for 8 million, and Vanderbilt delved wholesale back into her love for art and writing.She put 25 oil paintings on exhibit in Manchester, Vermont, in 2007, and in 2012, staged "The World of Gloria Vanderbilt: Collages, Dream Boxes and Recent Paintings" at the New York Design Center.She published a history of her love life, "It Seemed Important at the Time: A Romance Memoir," in 2004, and published an erotic novel, "Obsession," in 2009. She was 85 when the latter made its way to bookstores.Her relationship with her now-world famous CNN anchor son was memorialized in a 2016 HBO documentary, "Nothing Left Unsaid: Gloria Vanderbilt & Anderson Cooper," which premiered at the Sundance Film Festival. Later that year, the pair published a joint memoir, "The Rainbow Comes and Goes: A Mother and Son on Life, Love, and Loss."Of his mother's extraordinary life, Anderson Cooper said, "I always thought of her as a visitor from another world, a traveler stranded here who'd come from a distant star that burned out long ago. I always felt it my job to protect her."< 5602