Fox News focuses on gas stations as prices drop

Days after issuing its strong June jobs report as “America’s employment crisis”, Fox News is now concerned that a month-long decline in ultra-high fuel costs could be bad for “small gas stations”.

With gas prices soaring during the first half of the year, Fox News relentlessly blamed the White House for the increased pain at the pump, claiming it was due to President Joe Biden’s intentional harm to the oil industry and his decision to shut down the unfinished Keystone XL. Pipeline. (The actual reasons for the sharp increase were, of course, a bit more complicated.)

While the network has been covering all price increases, it has been slow to realize the continued drop in prices at the pump over the past month. According to both GasBuddy and the American Automobile Association, the national average price for a gallon of regular unleaded gas has fallen about 40 cents since it peaked at $5.02.

During Monday’s broadcast America reportsFinally, co-presenter John Roberts broke the news to Fox News viewers that the price of gas was “sliding back down” near his home. However, his colleague Sandra Smith suggested that this might not be quite a good thing.

“It is. It is.” “And the point was made over the weekend, and I think it was The Wall Street Journalthat gas prices are actually historically declining faster with the price of oil than usual.”

Smith continued: “And it just shows you what must happen to calculate the staggering risk-ratio on a portion of small gas stations—independently owned, and most—mother-and-pop. It’s a struggle for them all!”

The The Wall Street Journal The article Smith referred to stated that the rapid decline in gasoline prices “creates a new headache for small business owners and other independent operators who operate nearly half of gas stations in the United States,” adding that station owners risked “losing money on each new fuel order.” “They put.

Roberts, for his part, noted that “we are still a long way from $3.55 a gallon” but that the nation may be beginning to “move in that direction.”

Smith’s gas comment came just a week after she and fellow Fox announcer Charles Payne took on Vice President Kamala Harris for apparently laughing at the “gas price crisis.”