Business
Why gas prices are dropping ahead of the holidays on December 11, 2023 at 9:37 pm Business News | The Hill

Gas prices dipped significantly over the weekend, bringing relief for drivers ahead of the holiday.
As of Monday, the national average stands at $3.15 per gallon, according to AAA. That’s 5 cents less than last week, which was itself 20 cents down from a month ago.
One of the driving forces in the decline is the aftermath of the Nov. 30 meeting of the OPEC+ oil cartel, said Andy Lipow, president of consulting firm Lipow Oil Associates.
A subsequent decline in crude oil prices “showed that OPEC+ is struggling to balance oil supply and demand in light of the surprising increase in supply from the U.S., Brazil and Guyana, as well as disappointing demand from China,” Lipow said.
Those declines have meant “good news for the consumer” at the pump, Lipow said, and prices may drop a few cents more over the week.
China, meanwhile, was expected to see a surge in demand that accompanied the lifting of COVID-related restrictions, but despite an early spike, Chinese refiners have recently cut back on their processing rates, Lipow said. A Bloomberg survey of industry analysts and consultants projects Chinese oil demand will decline to about 500,000 barrels per day next year, about a third of the demand recorded over the past year.
After years of growth, the Chinese economy has seen a recent cooling, said Samantha Gross, director of the Brookings Institution’s Energy Security and Climate Initiative, particularly amid concerns of instability and possible outright collapse in the country’s real estate market.
“You’re seeing the Saudis, in particular, try to prop up prices, and it’s not working,” she said.
Domestically, the gas price decline is part of a cycle that has been typical in past years but recently had been absent in the winter months, said Devin Gladden, an AAA spokesperson.
“During the fall and winter, we see days become a lot shorter, inclement weather increasing, drivers spending less time on the road,” a trend that typically drives oil demand down through the end of the year, he said. “Over the past few years, we’ve seen some anti-cyclical events happen during the winter, such as a spike in oil prices, [but] this year prices are following some of the typical trends.”
According to the typical cycle, he added, the prices at the pump will likely stay low until the weather begins to warm and outdoor activity picks back up.
The result is “a nice tailwind for consumers for probably the next 45 days,” said Tom Kloza, global head of energy analysis at the Oil Price Information Service. By the weekend, he said, prices at the pump will likely dip below the $3.09 low seen in 2022. In the next 60 days, he added, consumers may see “some of the lowest levels since 2021.”
However, Lipow said, some unresolved geopolitical headwinds are continuing to cause concern within the market. These include attacks by Houthi militants on shipping traffic in the Red Sea, as well as tensions between Venezuela and Guyana that could lead to the reimposition of sanctions on Venezuelan oil exports.
The ongoing bombardment of Gaza and concerns about the expansion of the conflict to other parts of the Middle East are also factors to keep an eye on, Gladden said.
“There was some concern that the ongoing war in the Middle East could have left oil supply tightened … thankfully we have not seen that, and I think in the coming months it’ll be an ongoing story, but the market is less concerned now because there is at least some containment” of the conflict, he said.
“Ironically, the Middle East violence broke out during a seasonal period where crude oil prices tend to get hammered,” said Kloza. “These are shoulder months, people aren’t driving as much, it’s too early in the Northern Hemisphere to generate too much demand for winter fuel … people aren’t going to chase crude higher just because there’s violence in Israel.”
That could change very quickly, he noted, “if it were going to be a wider theater of war,” but that doesn’t appear to be the case at this point.
Meanwhile, “OPEC has been a wait-and-see situation,” he said, “which could change given the ongoing conflict in the Middle East. But I think that the market in the past few years has gotten more accustomed to these shocks to the market [and] is starting to see that these price shocks are more short-lived than anticipated, so when it happens again, that tends to have less impact.”
The White House has limited options to affect gas prices, but pain at the pump has repeatedly dogged President Biden’s approvals, particularly in summer 2022 when they hit records in the wake of Russia’s invasion of Ukraine. Although Biden’s approval ratings have remained low, particularly over his handling of the Gaza conflict, lower gas prices could give him a slight boost, Kloza said, particularly among Americans concerned about the cost of living.
“I think 2022 and 2023 were tough years to be dealing with high oil prices and high gasoline and diesel prices,” he said. “There aren’t many things that in a basket of consumer goods you can say it’s as low as in 2021.”
On balance, he added, “gas prices will be cheaper in 2024 than they were in 2023, and 2023 was considerably cheaper than 2022.”
Energy & Environment, Business, Transportation, gas prices, OPEC, OPEC+ Gas prices dipped significantly over the weekend, bringing relief for drivers ahead of the holiday. As of Monday, the national average stands at $3.15 per gallon, according to AAA. That’s 5 cents less than last week, which was itself 20 cents down from a month ago. One of the driving forces in the decline is the aftermath of…
Business
Why 9 Million Americans Have Left

The Growing American Exodus
Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets
Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.
Health Care Concerns Drive Migration
America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad
Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.
Tax Burdens and Bureaucracy
US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.
The Digital Nomad Revolution
Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream
The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.
Business
Will Theaters Crush Streaming in Hollywood’s Next Act?

Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back
Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.
Industry Pulse: From Crisis to Renaissance
On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.
Blockbusters Lead the Culture
Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.
Streaming’s Limits and Studio Strategy
Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams
As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.
For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.
Business
Why Are Influencers Getting $7K to Post About Israel?

Influencers are being paid as much as $7,000 per post by the Israeli government as part of an expansive and sophisticated digital propaganda campaign. This effort is designed to influence global public opinion—especially among younger social media users—about Israel’s actions in Gaza and to counter critical narratives about the ongoing humanitarian situation.

How Much Is Being Spent?
Recent reports confirm that Israel has dedicated more than $40 million this year to social media and digital influence campaigns, targeting popular platforms such as TikTok, YouTube, and Instagram. In addition to direct influencer payments, Israel is investing tens of millions more in paid ads, search engine placements, and contracts with major tech companies like Google and Meta to push pro-Israel content and challenge critical coverage of issues like the famine in Gaza.
What’s the Strategy?
- Influencer Contracts: Influencers are recruited—often with all-expenses-paid trips to Israel, highly managed experiences, and direct payments—to post content that improves Israel’s image.
- Ad Campaigns: State-backed ad buys show lively Gaza markets and restaurants to counter global reports of famine and humanitarian crisis.
- Narrative Management: These posts and ads often avoid overt propaganda. Instead, they use personal stories, emotional appeals, and “behind the scenes” glimpses intended to humanize Israel’s side of the conflict and create doubt about reports by the UN and humanitarian agencies.
- Amplification: Paid content is strategically promoted so it dominates news feeds and is picked up by news aggregators, Wikipedia editors, and even AI systems that rely on “trusted” digital sources.
Why Is This Happening Now?
The humanitarian situation in Gaza has generated increasing international criticism, especially after the UN classified parts of Gaza as experiencing famine. In this environment, digital public relations has become a primary front in Israel’s efforts to defend its policies and limit diplomatic fallout. By investing in social media influencers, Israel is adapting old-school propaganda strategies (“Hasbara”) to the era of algorithms and youth-driven content.
Why Does It Matter?
This campaign represents a major blurring of the lines between paid promotion, journalism, and activism. When governments pay high-profile influencers to shape social media narratives, it becomes harder for audiences—especially young people—to distinguish between authentic perspectives and sponsored messaging.

In short: Influencers are getting $7,000 per post because Israel is prioritizing social media as a battleground for public opinion, investing millions in shaping what global audiences see, hear, and believe about Gaza and the conflict.
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