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Americans can expect to pay 17% more for their Fourth of July BBQ

Americans preparing to celebrate the holiday of July 4 can expect to earn even more money from the average price of a traditional cookout costing at least 17 percent more than in 2021.

Prices for all barbecue staples, including burgers, hot dogs and chicken, have risen and could cost $76.94 for the average cookout for a family of four, according to the Consumer Price Index compiled by the United States. US Bureau of Labor Statistics.

The price is more than 17 percent of last year’s total of $65.46.

Phil Lempert, editor of the trade publication SupermarketGuru.com and food industry analyst, told the New York Post that he attributes the skyrocketing prices to four things: climate change; labor shortages on farms, in supermarkets and in the truck industry; rising diesel prices; and the war in Ukraine.

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“The biggest price hike we’re seeing is for beef, pork, chicken, eggs and milk,” Lempert told The Post. Shoppers looking for a break shouldn’t hold their breath.

“Prices will continue to rise,” he said. “It probably won’t settle down for another 12 months until we can really fix the supply chain issues; solve transport problems and get the climate under control.’

Hot dogs are now up 37.37 percent per pound from 2021, from $3.80 to $5.22. Chicken is up 27.89 percent and soda is up 16.56 percent.

Last year, the White House sparked outrage by claiming cookouts will be cheaper on July 4, despite inflation soaring to its highest level in 13 years.

President Biden said Monday he will decide by the end of the week whether to order a vacation on the federal gasoline tax, potentially saving US consumers up to 18.4 cents a gallon.  Pictured: Biden with granddaughter Natalie Biden, left, and daughter Ashley Biden, right, on Rehoboth Beach

President Biden said Monday he will decide by the end of the week whether to order a vacation on the federal gasoline tax, potentially saving US consumers up to 18.4 cents a gallon. Pictured: Biden with granddaughter Natalie Biden, left, and daughter Ashley Biden, right, on Rehoboth Beach

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However, social media users were quick to point out that the promoted savings came in at a meager 16 cents, leading to accusations that the White House was out-of-touch.

“Are you planning a cookout this year?” read the tweet. “Ketchup on the news. According to the Farm Bureau, the cost of a July 4 barbecue will be lower than last year.

‘It is a fact that you must hear(d). Hot dog, Biden’s economic plan is working. And that’s something we can all enjoy.’

The tweet was accompanied by a GIF explaining the price change for certain foods.

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Here’s a look at how prices have risen

Minced meat:

2022: $9.58 per 2 pounds

2021: $8.20

Price increase: 16.83%

Hot dogs per pound (5 to 7 dogs)

2022: $5.22

2021: $3.80

Price increase: 37.37%

Chicken breast, boneless (per 2 pounds)

2022: $8.62 per 2 pounds

2021: $6.74 per 2 pounds

Price increase: 27.89%

Cheese per pound:

2022: $4.34

2021: $4.05

Price increase: 7.16%

Ice (per half gallon)

2022: $5.35

2021: $4.69

Price increase: 14.07%

Pork Chops (per 3 pounds):

2022: $12.39

2021: $11.64

Price increase: 6.44%

Chips per 16 ounce bag

2022: $5.61

2021: $4.92

Price increase: 14.02%

Lettuce (per pound)

2022: $2.99

2021: $2.69

Price increase: 11.4%

Tomatoes (per pound):

2022: $1.82

2021: $1.80

Price increase: 1.11%

Eight hamburger buns

2022: $1.82

2021: $1.66

Price increase: 9.64%

Baked beans (per three cans)

2022: $4.92

2021: $4.26

Price increase: 15.49%

Soft drink (per 2 liters)

2022: $1.90

2021: $1.63

Price increase: 16.56%

President Biden said Monday he will decide by the end of the week whether to order a vacation on the federal gasoline tax, potentially saving US consumers up to 18.4 cents a gallon.

“Yeah, I’m considering it,” Biden told reporters after a stroll along the beach at his Delaware vacation home. “I hope to have a decision based on the data – I’m looking before the end of the week.”

The government is increasingly looking for ways to shield the public from higher pump prices, which started rising last year and rose sharply after Russia invaded Ukraine in February. According to AAA, gas prices across the country average just under $5 a gallon.

Biden said members of his team would meet with CEOs of the major oil companies this week to discuss rising prices. Biden lashed out at oil companies, saying they make exorbitant profits when people feel the bottleneck of skyrocketing costs at the pump and inflation. But Biden said he would not meet the oil executives himself.

“I want an explanation as to why they aren’t refining oil anymore,” Biden said.

The Biden administration has already released oil from the US strategic reserve and increased ethanol blending for the summer, in addition to sending a letter last week to oil refineries urging them to increase their refining capacity. Still, those efforts should significantly ease price pressures, so the government is now considering a gas tax break. Taxes on petrol and diesel help pay for highways.

The Penn Wharton Budget Model released estimates Wednesday showing that consumers have saved at the pump due to vacations with gas taxes in Connecticut, Georgia and Maryland. Most of the savings went to consumers, rather than to gas stations and others in the energy sector.

In an interview Sunday on ABC’s “This Week,” Treasury Secretary Janet Yellen expressed openness to a federal gas tax break to provide motorists with some relief. Energy Secretary Jennifer Granholm told CNN’s State of the Union in her own interview on Sunday that “part of the challenge with the gas tax, of course, is that it finances the roads.”

Oil refineries say their ability to produce additional gas and diesel is limited, meaning prices could remain high unless demand begins to decline.

The American Petroleum Institute and American Fuel & Petrochemical Manufacturers sent a joint letter to Biden on Wednesday stating that the refineries are already operating near maximum capacity and that nearly half of the off-line capacity was due to the conversion of the facilities to the production of renewable fuel.

“Today’s situation did not happen overnight and will not be resolved any time soon,” the letter said. “To protect and advance U.S. energy security and refining capacity, we urge you to take steps to encourage more domestic energy production,” including new infrastructure and reducing regulatory burdens.

While strolling on the beach with his daughter Ashley, granddaughter Naomi and his granddaughter’s fiancée, Biden stopped regularly to chat with beachgoers who were spending the June federal holiday at the beach.

He took a moment to offer assurances on inflation — the consumer price index rose to a nearly 40-year high of 8.6% in May from the same month a year ago — and mounting warnings from economists that a recession is imminent is.

“We’ll get through this, guys,” Biden told a group of beachgoers.

Last week, the Federal Reserve stepped up its efforts to tame inflation by raising its key interest rate by three-quarters of a point — the largest rise in nearly three decades — and signaled further major rate hikes to come.

Former Treasury Secretary Larry Summers told NBC’s Meet the Press on Sunday that his estimate would be “the predominant probability is that we will see a recession in the US economy by the end of next year.”

Biden said he spoke Monday morning with Summers, who was secretary of the treasury in the Clinton administration.

“There’s nothing inevitable about a recession,” Biden said.

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