U.S. California's surging gas prices spark call to suspend tax

**This is a 60-seconds sample of the video. For the full version, please contact us.**

U.S. California's surging gas prices spark call to suspend tax

STORY: U.S. California's surging gas prices spark call to suspend tax DATELINE: Oct. 2, 2023 LENGTH: 00:01:10 LOCATION: SACRAMENTO, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations STORYLINE: The U.S. state of California is again witnessing gasoline prices soar to near record highs, sparking a call from the state's Republican lawmakers to suspend gas tax. The average price of gas in California hit over 6.00 U.S. dollars per gallon on Thursday, compared to 3.84 dollars for the nation, which jumped more than 8 percent over last month. California's average gasoline price on Thursday, 6.032 U.S. dollars per gallon, is up 75 cents from a month ago, according to data from the American Automobile Association. Xinhua found this week the price for a regular gallon at a gas station in Los Angeles County was 6.89 U.S. dollars, while supreme and diesel cost 7.19 U.S. dollars and 7.29 U.S. dollars, respectively. In a letter sent to California Governor Gavin Newsom on Thursday, a group of Repu

  • Product Code
  • ILEA001815002
  • Registered date
  • 2023/10/02 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 73.86(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Japan logs trade deficit of 38 bln USD in fiscal 2023

    STORY: Japan logs trade deficit of 38 bln USD in fiscal 2023 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:55 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's trade deficit in fiscal 2023 shrank around 70 percent from a year earlier to 5.89 trillion yen (about 38 billion U.S. dollars), government data showed Wednesday. In the fiscal year ended March, exports expanded 3.7 percent to 102.90 trillion yen, topping 100 trillion yen for the first time and marking a record high for the third straight year, according to a preliminary Finance Ministry report. Automobile exports, which account for about 17 percent of Japan's total, grew 30.2 percent to 17.88 trillion yen, eclipsing the previous record of 14.67 trillion yen in fiscal 2007. In contrast, imports dived 10.3 percent to 108.79 trillion yen, falling for the first time in three years, chiefly reflecting falls in imports of coal and liquefied natural gas. With a weaker yen inflati

      Egypt raises fuel prices amid economic reform, transportation cost surge

      STORY: Egypt raises fuel prices amid economic reform, transportation cost surge SHOOTING TIME: Archive DATELINE: March 23, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Ministry of Petroleum 2. various of fuel stations in Cairo STORYLINE: Egypt announced on Friday it would raise the prices of fuel due to the impact of exchange rate liberalization on the economy and rising transportation costs of petroleum products. The Ministry of Petroleum and Mineral Resources said in a statement that gasoline prices would rise by one Egyptian pound (about 2 U.S. cents) per liter, bringing the price of 80-octane gasoline to 11 pounds, 92-octane gasoline to 12.5 pounds, and 95-octane gasoline to 13.5 pounds. The ministry attributed the price hike to exchange rate liberalization and the rising transportation costs of petroleum products, exacerbated by tensions in the Red Sea. Additionally, diesel prices rose to 10 pounds per liter from 8.25 pounds, and the price of the 12.5

        Türkiye raises gasoline, diesel prices

        STORY: Türkiye raises gasoline, diesel prices SHOOTING TIME: Recent footage DATELINE: March 15, 2024 LENGTH: 00:01:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of transportation in Istanbul, Türkiye 2. various of gas station in Istanbul 3. various of local residents in Istanbul STORYLINE: Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. The prices of gasoline and diesel per liter were capped at 42.06 Turkish liras (1.31 U.S. dollars) and 41.86 liras, respectively, Turkish up-market newspaper Cumhuriyet Daily reported. According to the report, behind the new hike lies the surging price of Brent crude, which hit a four-month high above 85 dollars per barrel on Thursday. Oguz Demir, an economist and former academic at the Istanbul Commerce University, said on his social media account that "only in the first two and a half months of this year, the increase in gasoline prices (in Türkiye) has approached 22 percent." "At t

          S. Korea logs current account surplus for 8th month in December

          STORY: S. Korea logs current account surplus for 8th month in December SHOOTING TIME: file DATELINE: Feb. 8, 2024 LENGTH: 00:01:03 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Korea (BOK) (July 18, 2019) 2. various of Busan container terminal (March 7, 2023) 3. various of semiconductor production line (courtesy of Samsung Electronics, July 9, 2019) 4. various of automobile export site (courtesy of Hyundai Motor Company, Oct. 24, 2019) 5. various of Seoul streets (courtesy of Yonhap TV, Feb. 7, 2024) STORYLINE: South Korea logged current account surplus for the eighth straight month in December last year due to export recovery, central bank data showed Wednesday. Current account balance, the broadest measure of cross-border trade, posted a surplus of 7.41 billion U.S. dollars in December 2023, staying in black since May, according to the Bank of Korea (BOK). Trade surplus for goods stood at 8.04 billion dollars in December, hovering in black since April. Export grew 5.8 percent f

            Cameroon raises fuel prices

            STORY: Cameroon raises fuel prices SHOOTING DATE: Feb. 3, 2024 DATELINE: Feb. 4, 2024 LENGTH: 00:01:26 LOCATION: Yaounde CATEGORY: ECONOMY SHOTLIST: 1. various of street views and gas stations in Yaounde 2. SOUNDBITE 1 (French): ERIC BANGSI, Taxi driver in Yaounde 3. SOUNDBITE 2 (French): AYANG DJOWE BRUNO, Motorbike driver in Yaounde 4. various of street views and gas stations in Yaounde STORYLINE: The Cameroonian government on Friday hiked fuel prices, which went into effect from Saturday. According to a statement by Seraphin Magloire Fouda, Secretary General at the Prime Minister's Office, the price of a liter of Super has been increased from 730 XAF (approximately 1.21 U.S. dollars) per liter to 840 XAF (approximately 1.39 U.S. dollars) and gasoline increases from 720 XAF (approximately 1.19 U.S. dollars) per liter to 828 XAF (approximately 1.37 U.S. dollars). Fouda said in a statement Friday night that the price increase was "due to the need to absorb the growing budgetary constraints that the s

              Iraq exports over 103 mln barrels of crude oil in Jan.

              STORY: Iraq exports over 103 mln barrels of crude oil in Jan. SHOOTING DATE: Earlier footage DATELINE: Feb. 3, 2024 LENGTH: 00:01:08 LOCATION: Baghdad CATEGORY: ECONOMY SHOTLIST: 1. various of crude oil factory STORYLINE: Iraq exported 103.5 million barrels of crude oil in January, generating 8.025 billion U.S. dollars in revenue, the country's Oil Ministry announced on Friday. The average price of Iraqi crude oil in January was 77.53 dollars per barrel, the ministry said in a statement, citing preliminary statistics from the State Organization for Marketing of Oil, an Iraqi company. About 102 million barrels were exported from oil fields in central and southern Iraq via the port of Basra, and about one million barrels from the Qayyara oilfield in the northern province of Nineveh while, in addition, 464,306 barrels were sent to neighboring Jordan during the month, the statement said. Iraq's economy heavily relies on crude oil exports, which account for more than 90 percent of the country's reve

                Italy's inflation remains low despite lifting of price controls

                STORY: Italy's inflation remains low despite lifting of price controls SHOOTING TIME: Feb. 2, 2024 DATELINE: Feb. 3, 2024 LENGTH: 00:00:37 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of markets in Rome 2. various of gas stations in Rome STORYLINE: Italy's annual inflation rate rose to 0.8 percent in January, up from 0.6 percent in December, according to Italy's National Statistics Institute (ISTAT) on Thursday. The relatively low inflation rate in January is significant given that the month is the first since the price controls in Italy's "anti-inflation quarter" expired. The initiative artificially reduced consumer prices on a basket of basic necessities over the final three months of 2023. The government reserved the right to continue the terms of the "anti-inflation quarter" into this year but it chose not to do so. ISTAT said the main factors pushing prices in the country higher in January were transportation-related services which climbed by 4.3 percent compared to 3.7 percent in Dec

                  Volvo Cars reports several all-time-highs in 2023

                  STORY: Volvo Cars reports several all-time-highs in 2023 SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:01:02 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Volvo Studio Stockholm 2. various of street view in Stockholm 3. various of shops in Stockholm STORYLINE: Volvo Cars said on Thursday that 2023 was a record-breaking year for the company, with more than 700,000 cars sold and the highest revenue and sales profit in its 97-year history. Revenues increased by 21 percent to 399.3 billion Swedish kronor (38.3 billion U.S. dollars), while the underlying operating profit excluding joint ventures and associates increased by 43 percent to 25.6 billion kronor, the carmaker said in its year-end report for 2023. A total of 708,716 cars were sold in 2023, following a year-on-year sales increase of 15 percent, according to the report. Volvo Cars, which was acquired by Chinese automaker Geely in 2010, has previously said that it aims to solely produce fully-electric cars by 2

                    India's wholesale inflation, merchandise exports rise in December

                    STORY: India's wholesale inflation, merchandise exports rise in Dec. SHOOTING TIME: Jan. 15, 2024 DATELINE: Jan. 17, 2024 LENGTH: 00:01:45 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of wholesale markets 3. various of gems and jewellery 4. various of electronic goods STORYLINE: India's wholesale price index (WPI) rose 0.73 percent year on year in December 2023, data released by the country's Ministry of Commerce and Industry said Monday. The positive rate of inflation in December is primarily due to an increase in the prices of food, machinery and equipment, transport equipment and computers, electronics and optical products, etc., the ministry said in a statement. WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increases or decreases in commodity prices globally. Meanwhile, India's merchandise exports in December 2023 were registered at 38.45 billion U.S. dollars, rising 1 percent year on year, said the state

                      U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices

                      STORY: U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:54 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Labor Department (Nov. 4, 2023) 2. various of a grocery store in Arlington, the U.S. state of Virginia 3. various of a gas station in Arlington, the U.S. state of Virginia STORYLINE: U.S. consumer inflation in December 2023 accelerated to 3.4 percent from a year ago, after dropping to 3.1 percent in the previous month, amid rising shelter and energy prices, the U.S. Labor Department reported Thursday. The Consumer Price Index (CPI) increased 0.3 percent in December on a seasonally adjusted basis, after rising 0.1 percent in November, according to the department's Bureau of Labor Statistics. The index for shelter continued to rise in December, contributing over half of the monthly all-items increase. The energy index rose 0.4 percent over the month as increases in the electr