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Electricity

Business
Electricity, Gas Bills Surge Nationwide: Here's Why Electricity, Gas Bills Surge Nationwide: Here's Why
Electricity, Gas Bills Surge Nationwide: Here's Why If your latest utility bill made you do a double take, you are far from alone.  Across the country, Americans are seeing their electricity and natural gas costs soar, squeezing household budgets just as summer temperatures peak. Several key factors are fueling these price hikes.  Experts say the combination of increased energy demand, supply chain disruptions, and decades of underinvestment that have left the US grid with aging infrastructure are all contributing to the higher bills.  In addition, the growing need for power from AI-driven data centers, expanded oil and gas …

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by Joe Lombardi
Weather
Thousands Without Power As Flash Floods Slam Maryland (DEVELOPING) Thousands Without Power As Flash Floods Slam Maryland (DEVELOPING)
Thousands Without Power As Flash Floods Slam Maryland (Developing) Crews are working around the clock to repair hundreds of outages reported across the DMV as flash floods wreaked havoc across the region. Thousands were without power as of 8:15 p.m. on Monday, July 14, as storms rolled through the area, sending flood waters flowing and causing chaos for residents and businesses. Shortly before 8 p.m. on Monday night, there were reports of flash flooding throughout the region, with as many as three inches of rain falling per hour, according to reports. Weather expected 5p-10p @MontgomeryCoMD (possibly 2-3 inches of rain per hour.)***@mcfrs upstaffing Sw…

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by Zak Failla
Business
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation was relatively flat as President Donald Trump's sweeping tariffs went into effect in April, with lower grocery prices helping keep overall costs in check. Monthly inflation increased just 0.2% from March, the Bureau of Labor Statistics said on Tuesday, May 13. Consumer prices rose 2.3% from April 2024, the smallest yearly inflation since February 2021. The annual inflation number was slightly below the 2.4% Dow Jones forecast, CNBC reported. Wall Street didn't react much to the consumer price index (CPI) data, with stocks and Treasury yields staying relatively unchanged when …

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by Chris Spiker