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Chapter 1: What recent events have caused a spike in gasoline prices?
Live from NPR News in Washington, I'm Corva Coleman. A wartime spike in gasoline prices has pushed inflation to its highest level in more than three years. NPR's Scott Horsley reports on the latest cost-of-living data from the Labor Department.
Consumer prices in May were up 4.2 percent from a year ago. That's the biggest annual increase since April of 2023. Prices rose by half a percent between April and May, with energy costs accounting for more than 60 percent of that monthly increase.
Stripping out volatile food and energy costs, so-called core inflation was 2.9% for the 12 months ending in May, a slightly larger annual increase than the previous month. Gasoline prices have moderated in recent days, but are still about $1.17 a gallon higher than they were before the U.S. and Israel launched their war on Iran.
Chapter 2: How is inflation affecting consumer prices in the U.S.?
AAA says the average price of regular gas? is about $4.15 a gallon. Scott Horsley, NPR News, Washington.
Iran says it targeted U.S. military bases in Jordan, Kuwait, and Bahrain today in response to American airstrikes in Iran. The strikes followed the downing of a U.S. military helicopter near the Strait of Hormuz, as NPR's Jane Araf reports.
Jordan says it shot down five Iranian missiles fired toward Uzrak in eastern Jordan. The U.S. military has a major presence in a Jordanian airbase in the desert there. Jordan said shrapnel from the interceptions caused no damage or casualties. Iran said it destroyed U.S. fighter jet hangars in the command and control center at the base. The U.S. military did not comment.
Iran also targeted a U.S. air base in Kuwait. And in Bahrain, where the U.S. Fifth Fleet is based, sirens sounded while the government urged residents to seek shelter.
Jane Araf, NPR News, Beirut. President Trump wrote online this morning that Iran has taken too long to negotiate a deal and, quote, now they will have to pay the price. It's not clear what this means. In a second posting, Trump praised the U.S. military blockade on Iranian ports and claimed lots of oil is getting through the strait. Oil traffic has been nearly shut down since the U.S.
and Israel attacked Iran on February 28th. Congress has passed a $70 billion package to fund immigration enforcement programs through the end of President Trump's term in the White House. Congressional Republicans used a budget maneuver to adopt the measure. And Piers Jimenez-Bustillo reports Democrats had objected.
Congress was originally on track to fund these parts of DHS, along with many other parts of the federal government, though through its normal appropriations process. But Senate Democrats pulled their support for that measure and for all of DHS funding after DHS agents shot and killed two U.S. citizens in Minneapolis in January.
And Pierce Humanabustio reporting. President Trump is scheduled to sign the measure into law this morning. You're listening to NPR News. Microsoft co-founder Bill Gates is scheduled to testify today to the House Oversight Committee behind closed doors. The Republican-led panel wants to question him about his relationship with late sex offender Jeffrey Epstein.
Democrats say they want to ask Gates about whether he knew anything about Epstein's crimes. Gates has denied seeing or participating in any of Epstein's crimes. The Food and Drug Administration has approved a new sunscreen ingredient for the first time in decades. In the United States, sunscreen is regulated as an over-the-counter drug, not as a cosmetic.
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Chapter 3: What military actions has Iran taken in response to U.S. airstrikes?
and it's safe to use for adults and children six months and older. Products containing this ingredient aren't on store shelves yet, but should be in the next few months. Sydney Lepkin, NPR News.
In men's pro hockey, the Stanley Cup final is now tied at two games apiece. The Carolina Hurricanes beat the Vegas Golden Knights last night 5-3. They'll move to Raleigh, North Carolina tomorrow night for Game 5. In the NBA Finals, Game 4 is tonight. The New York Knicks will again welcome the San Antonio Spurs in Madison Square Garden. The Knicks lead the series two games to one.
This is our glass. On This American Life, one thing we like is a good mystery. Sometimes about really big things, but most times, the little mysteries are the best. Our Lost and Found is currently filled with pants. I don't know. I've never seen this happen.
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This is true. Mysteries of every size. Each week. This American Life. Wherever you get your podcasts.
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