Thursday, April 2, 2026

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Gas Prices Eclipse $4 a Gallon in the US, the Highest Since 2022

/tag/Tax(Headline USA) U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war continues to push fuel prices higher worldwide. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a...

What’s the Real Inflation Rate?

(Mike Maharrey, Money Metals News Service) Based on the CPI, inflation is relatively cool. Don't be fooled. It's much higher than advertised, and you can see it clearly if you look at the right data. When talking heads on CNBC or Fox Business talk about inflation, they always reference the...

Gold Pullback Sparks Debate as War Narrative Dominates Markets

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with renowned precious metals analyst Jeff Clark to unpack the sharp pullback in gold prices and the dominant narratives driving market sentiment. As of their Thursday afternoon recording, gold had declined again, with...

Gas Prices Approach $4 a Gallon in U.S., $6 in California

(Liam Hibbert, The Center Square)  The average U.S. gallon of gas neared $4 on Wednesday as California closed in on $6, with prices fueled by the uncertainty around the U.S.-Israel conflict with Iran. With no clear end in sight for the Iran conflict that has killed nearly 3,000 people across...

India Increasingly Using Dollar Alternatives for Oil Purchases

(Mike Maharrey, Money Metals News Service) India is increasingly bypassing the U.S. dollar in oil transactions. The U.S. granted India a waiver to purchase Russian oil despite ongoing sanctions, as the Iran war squeezes global crude supplies. However, the waiver expires on April 11. According to a Bloomberg report, Russian refiners are seeking...

Bipartisan Senate Bill Would Ban Sports Betting on Prediction Markets

(José Niño, Headline USA) ​​A cross-party coalition of U.S. legislators has put forward a measure that would ban wagering on athletic events through prediction exchanges, specifically aimed at services like Polymarket and Kalshi. The measure unveiled Monday would "bar any entity registered with the Commodity Futures Trading Commission from listing or...

China Is Gobbling Up Physical Silver

(Mike Maharrey, Money Metals News Service) While the paper-driven silver price swings all over the place, the Chinese have been gobbling up physical silver. China imported 790 tonnes of silver through the first two months of 2026, with 470 tonnes flowing into the country in February alone. As Bloomberg described the situation, “Strong...

I’ve Turned Into a Gold Bear — For Now

(Mike Maharrey, Money Metals News Service) I’ve turned bearish on gold. For now. Bearish sentiment has taken over the markets. As one analyst put it, “Wall Street has thrown in the towel on gold.” The problem is, they threw in the towel while they were still dripping wet. Gold got pummeled last...

Trump Officials Announce 10-Gigawatt Data Center, Gas Plants for Former Ohio Uranium Site

(Headline USA) The U.S. Department of Energy on Friday announced a public-private partnership to develop a major data center with its own power supply on the site of a decommissioned uranium enrichment plant in southern Ohio, as it pushes commercial development of artificial intelligence technology. The Portsmouth Gaseous Diffusion Plant...

US F-35 Fighter Jet Damaged by Iranian Fire

(Dave DeCamp, Antiwar.com) The US military said on Thursday that a US F-35 fighter jet was damaged by suspected Iranian fire while operating over Iran and was forced to make an emergency landing. “The aircraft landed safely, and the pilot is in stable condition,” said Capt. Tim Hawkins, a spokesman...

Incentives Matter: Tax Edition

(Mike Maharrey, Money Metals News Service) Here’s an economic truth you’d be wise to remember. Incentives matter. You may not like the way people respond to the incentives created by your program or policy, but you darn sure better take them into account. Most people don’t. They tout the easily identifiable perceived benefits...

As Oil Hits $120 a Barrel, Damage to Energy Industry is Done, Energy Insiders Say

(Bethany Blankley, The Center Square) As conflict in Iran escalates, Middle Eastern refineries have been hit and the Strait of Hormuz remains compromised, and oil futures hit $120 a barrel. Physical cargos of crude from Oman and the UAE have already hit $150 a barrel for May delivery. Prices at...
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