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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Average US gas price hits $5 for first time

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Jun 2022 23:48
3 Min Read

A gallon of gas is now at a record $5 nationwide in the US on average.

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  • Average US gas price hits $5 for first time
    Average US gas price hits $5 for first time

According to AAA's Saturday reading, a gallon of ordinary petrol now costs $5 on average throughout the country for the first time.

Gas prices have been gradually climbing over the previous eight weeks, and this current milestone represents the 15th consecutive day that the AAA gauge has reached a new high, and the 32nd time in the last 33 days.

When the latest round of price hikes began on April 15, the national average stood at $4.07. The current OPIS pricing reading reflects a 23% rise in less than two months.

Rising fuel costs are inflicting more than just agony at the pump for drivers. They are a significant cause of consumer prices for a wide variety of goods and services growing at the quickest rate in 40 years, according to the government's inflation report released on Friday.

Read more: Biden pins US inflation on Putin, again

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According to a University of Michigan study, consumer confidence reached a new low on Friday as a result of inflation. Concerns over what the Federal Reserve would do to combat inflation have caused US equities to plummet in recent months, wiping away billions of dollars in personal wealth.

While a national average of $5 is relatively new, $5 gas has grown uncomfortably typical in many countries.

According to OPIS data, which takes measurements from 130,000 US gas stations and is used to construct the AAA averages, 32% of stations nationally, or roughly one in every three, were charging more than $5 per gallon in readings on Friday. In addition, almost 10% of gas stations across the country charge more than $5.75 per gallon.

In Saturday's reading, the statewide average was $5 or higher a gallon in 21 states plus Washington, DC.

With the summer travel season starting, demand for gasoline is increasing, and with Russian oil imports shut off due to the Ukraine war, oil prices are skyrocketing on worldwide markets.

According to Tom Kloza, global head of energy analysis for the OPIS, the US national average for gasoline might reach close to $6 later this summer.

"Anything goes from June 20 to Labor Day," Kloza said earlier this week of the high demand for petrol as people go out for long-awaited vacations. "Come hell or high gas prices, people are going to take vacations."

California has historically had the highest statewide average, with the average standing at $6.43 per gallon in Saturday's measurements. However, the impact of rising costs is felt across the country, not only in California and other high-cost areas.

  • United States
  • gas
  • Gas prices

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