Chelsey Dulaney

Inflation is killing me.

But who cares?

Big retailers are making record profits.

That's why we support the Durbin Marshall credit card bill.

See?

The conflict in the Middle East has very quickly filtered through into gas prices at the pump for Americans.

Across the U.S., gas prices have risen about 20% since the attacks on Iran.

But if you look at specific states, the move has been much more dramatic.

For example, in California, gas prices are nearly at $5.40.

In some areas, it's less than that.

parts of the Midwest.

But this is very quickly filtering through into people's everyday lives.

And that has a big economic consequence because the more you spend on gasoline, the less you have to spend elsewhere.

Yeah.

I mean, for companies, energy prices are a huge input for a lot of industries.

So if you think about tourism operators, cruise lines, airlines, they have been hit pretty hard by the conflict in the Middle East.

It'll very quickly raise their prices.

We're already seeing airfares going up.

For companies that use a lot of energy for production, steel companies, companies in the industrial sector, this also has a big impact.

The longer this goes on, the more it filters through to everything.