Skip to main content
915 TLDR
Business
1 read

Gas Prices Surge Over $4 in Eight States, El Paso Residents Take Note

KTSM••Addy Bink
City skyline representing business and economy news

Want the full story?

Read the complete article at KTSM

Read Original

AI Summary

Gas prices have seen a significant increase, rising over $1 per gallon since the start of the month. Currently, eight states have surpassed the $4 mark for gas, raising concerns about potential further increases in other states, including Texas. This surge in fuel prices could impact local residents' budgets and commuting costs. El Pasoans should prepare for possible price hikes at local gas stations in the coming weeks as market trends continue to fluctuate.

el-paso economy gas-prices

People & Organizations

El Paso

Related Articles

KVIA•May 14

Local Importer Wins Supreme Court Case and Receives $110,000 Refund

Victor Schwartz, owner of VOS Selections, successfully won a landmark case against the tariffs imposed by former President Donald Trump, leading to a significant refund from the U.S. government. This week, Schwartz received a deposit of $110,000, representing about 95% of what he claims is owed to him. His case is part of a larger group of 330,000 businesses eligible for refunds totaling $168 billion after the Supreme Court ruled against the tariffs. The U.S. Customs and Border Protection (CBP) has begun processing these refunds through a new automated portal. While Schwartz is relieved to receive the funds, he is still uncertain if he will receive the interest owed on the amount. Other businesses, including Costco and Nike, are facing lawsuits from consumers seeking compensation for increased prices due to these tariffs.

Business
1 min read
KVIA•May 13

El Paso Businessman Receives $110,000 Refund After Supreme Court Victory

Victor Schwartz, owner of VOS Selections, has successfully received a $110,000 refund from the government following a Supreme Court ruling that overturned former President Trump's tariffs. Schwartz's case is part of a larger group of 330,000 businesses set to receive a total of $168 billion in refunds after the Supreme Court's decision in February. U.S. Customs and Border Protection (CBP) has established a new portal to streamline the refund process, which Schwartz praised for its efficiency. However, it remains unclear if he received any interest on the refunded amount. Meanwhile, businesses like Costco and Nike are facing lawsuits from consumers seeking refunds for tariff costs passed onto them. The 10% global import tax enacted by Trump is also under legal scrutiny, with its expiration set for July.

Business
1 min read
KVIA•May 13

Venezuela Begins Major Debt Restructuring for Economic Revitalization

The Venezuelan government has announced the initiation of a process to restructure its external public debt and that of its state oil company, PDVSA. This move is framed as a pivotal step towards revitalizing the economy and alleviating the burden of accumulated debt, which is estimated to be between $150 billion and $170 billion. The government claims that previous financial sanctions have hindered its ability to meet obligations, but recent diplomatic shifts with the U.S. have opened opportunities for investment. The restructuring aims to enhance economic stability, attract investments, and improve the quality of life for Venezuelans, with a focus on inclusive growth and job creation.

Business
1 min read
KTSM•May 13

Trump Mobile Announces Upcoming Shipment of T1 Phones This Week

Trump Mobile has confirmed that shipments of their new T1 phones will commence this week, marking a significant step for the company in expanding its product offerings. This development is particularly relevant for customers who have pre-ordered the device, as they can expect their phones to arrive soon. The T1 phone is designed to cater to the needs of Trump Mobile's customer base, potentially enhancing user experience and satisfaction. Customers should keep an eye on their emails for shipping notifications and tracking information.

Business
1 min read