The average price of a gallon of gas rose by 30 cents over the past month despite a falling rate of inflation.
"Fitch's quantitative ratings model declined markedly between 2018 and 2020—and yet Fitch is announcing its change now, despite the progress that we see in many of the indicators that Fitch relies on for its decision," she said.
"Whether one agrees with Fitch's decision to downgrade the United States government or not, we are clearly onThe July jobs report released on Friday showed that nonfarm payrolls expanded at a slower rate than had been expected. The U.S. economy added 187,000 nonfarm payroll jobs in July—less thanThe jobs report may indicate a slowing in the U.S. economy, though the jobs added were an increase on June, when just 185,000 nonfarm payrolls jobs were added.
"Our economy added 187,000 jobs last month, and we've added 13.4 million jobs since I took office—more jobs added in two and a half years than during any president's four-year term," he said. The rise in price is linked to unplanned outages at at least four fuel-making plants in Texas and Louisiana. Those outages have been caused in part by extreme heat.A spokesperson for the American Fuel and Petrochemical Manufacturers trade group toldin a statement on Thursday that some refineries in the U.S. had experienced outages due to weather as well as unexpected maintenance after"extended periods of high utilization.
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