$6 a Gallon Gasoline? Here’s How It Could Happen.

Illustration by Elias Stein Text size U.S. gasoline prices are at record highs, averaging more than $4.50 per gallon at the pump, and surpassing $4 in all 50 states for the first time. But, says Natasha Kaneva, J.P. Morgan’s head of global commodities research, prices could climb over $6 this summer. Why the rise? Sanctions…

A look at what didn’t happen this week

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: Unexplained hepatitis cases not caused by COVID-19 vaccines CLAIM: A recent outbreak of unexplained…

How did it happen and will it continue?

Conventional wisdom holds that last year’s bipartisan passage of the Infrastructure Investment and Jobs Act (IIJA) reflects the tradition of both parties wanting to deliver better roads and bridges—with nothing new to tell us about making progress elsewhere in our polarized, partisan environment. If anything, infrastructure is the exception that (barely) proves the rule of…