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Former President Donald Trump made remarks about electric vehicles at a campaign event in Iowa over the weekend, spurring mixed media coverage across the spectrum.

The Details: Trump said if Biden’s EV plan, which received $1.7 billion earlier this year via his 2021 infrastructure plan, were to stand, “gas-powered cars will be gone.” He also said electric boats have batteries so heavy

The Labor Department reported that inflation, measured by the CPI (Consumer Price Index), increased 0.1% in November and 3.1% in the preceding 12 months.

Key Details: Falling gas prices helped lower the CPI. Within November, the energy price index fell 2.3% and the food price index rose 0.2%, 

Key Quote: "The inflation fever has broken," Comerica Bank chief economist Bill Adams

The national average for a gallon of gas has ticked down 14 cents to $4.19, according to the AAA.

This marks the seventh consecutive week where the nation’s average gas price has declined since the record high of $5.16 in mid-June. As of Tuesday, the average price for a gallon of unleaded gas has dropped below $4 in 19 states. While gas prices are declining earlier than some anticipated

Rental car company Hertz said it would sell about a third of its electric car fleet and replace them with gas-powered cars, citing weak demand, high repair costs, and a drop in the cars’ values. 

The Details: Hertz said the decision was made “to better balance supply against expected demand of EVs.” Hertz executives have pointed to high EV repair costs, particularly for Teslas, which