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Topic

Energy

A collection of 2 issues

US gas prices remain above $4 with 58 days to midterms

US regular gasoline remains above $4 a gallon. With 58 days until the midterms, prices are 33% above their level immediately before the 2024 election.

Australia is borrowing from abroad to pay higher fuel prices

Australia is paying substantially more overseas for imported fuel. The fuel is quickly consumed, but the foreign liabilities used to help finance Australia’s external deficit can remain.