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A regular gallon of gas costs more than $6 on average in some parts of the Los Angeles area while prices reached as high as $7 in some parts of California on Tuesday as dwindling oil supplies put the squeeze on American motorists.

It was the first time since October of last year that gas in LA and Orange Counties surpassed the $6 threshold, according to Fox 11 Los Angeles TV.

The national average of a gallon of gas stood at $3.88, rising some eight cents in the span of a week, according to the American Automobile Association.

At this time last year, a gallon of gas was 18 cents cheaper nationally, AAA said.

Relief doesn’t appear to be on the horizon, at least not in the short term.

Chevron CEO Mike Wirth predicted that oil prices would get close to $100 a barrel.

Supply is tightening, inventories are drawing the trends would suggest, we are certainly on our way, we are getting close (to $100/bbl), Wirth, who heads the nation’s second largest energy producer, told Bloomberg TV on Monday.

The uptick in gas prices has fueled higher rates of inflation — forcing consumers to shell out more for fuel while limiting discretionary spending.

As of Tuesday, the average price of a gallon of regular gasoline costs motorists in Los Angeles County, the nation’s most populous, $6.03.

A gallon of gas would set back drivers in neighboring Orange County $6.02, according to the latest data from AAA.

The most expensive gasoline in the state could be found in Alpine County, the area that lies about 120 miles east of Sacramento and which straddles the border with Nevada.

The average price of a gallon of regular fuel in Alpine County cost $6.99, according to AAA.

California has traditionally been plagued by the nation’s highest gas prices on average due mainly to the state’s high taxation rate as well as its clean energy regulations.

The Golden State hits drivers with both an excise tax on a gallon of gas as well as a sales tax, according to the California Department of Tax and Fee Administration.

The tax revenue is used by the state to fix and maintain roadways and mass transit systems.

In October 2022, gas prices in LA hit a record $6.49 — prompting Gov. Gavin Newsom’s administration to distribute gas rebates to Californians ranging from $200 to $1,050 depending on income level.

The most significant factor that determines gas prices in California and the rest of the nation is the price of oil.

Oil prices reached $95 a barrel for the first time this year on Tuesday — a trend fueled by cuts in supply by petroleum producers Saudi Arabia and Russia.

Brent crude, the international benchmark, was trading at around $95.33 per barrel as of Tuesday morning.

The US benchmark, West Texas Intermediate, was priced at $91.48 per barrel.

On June 27, WTI stood at $67.70 per barrel.

“Oil costs are putting upward pressure on pump prices, but the rise is tempered by much lower demand,” AAA spokesperson Andrew Gross said.

“The slide in people fueling up is typical, with schools back in session, the days getting shorter, and the weather less pleasant,” Gross added.

“But the usual decline in pump prices is being stymied for now by these high oil costs.”

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Sports

Little League, big dreams: Mets, Mariners players as Little Leaguers

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Little League, big dreams: Mets, Mariners players as Little Leaguers

The 2025 Little League World Series is underway, with some of the best young players around the country competing in Williamsport — all with the hopes of eventually making it to the major leagues one day.

And a few of them will make it … as evidenced by all the Little League alumni in Major League Baseball today.

This year’s MLB Little League Classic between the the Seattle Mariners and New York Mets will feature a number of MLB players who have played little league baseball in one way or another, either with local teams in their home countries or with Little League specifically. In fact, Seattle manager Dan Wilson played in the 1981 Little League Baseball World Series with Barrington (Illinois) Little League.

As the Mariners and Mets face off at historic Bowman Field in Williamsport on Aug. 17 — which you can watch on ESPN’s “Sunday Night Baseball” broadcast at 7 p.m. ET — let’s take a look at “then” and “now” photos of notable players on each team that played little league.

More: Little League World Series: Results, schedules, more

Watch every game: LLBWS


Mets first baseman Pete Alonso played for Tampa Bay Little League in Tampa Bay, Florida.


J.P. Crawford, SS, Seattle Mariners

Mariners shortstop J.P. Crawford played for Lakewood Little League in Lakewood, California.


Edwin Diaz, RP, New York Mets

Mets reliever Edwin Diaz played for Miguel Luzunaris Little League in Humacao, Puerto Rico.


George Kirby, SP, Seattle Mariners

Mariners starting pitcher George Kirby played for Rye Little League in Rye, New York.


Francisco Lindor, SS, New York Mets

Mets shortstop Francisco Lindor played little league baseball in Caguas, Puerto Rico.


Jeff McNeil, 2B, New York Mets

Mets second baseman Jeff McNeil played for Goleta Valley South Little League in Santa Barbara, California.


Cal Raleigh, C, Seattle Mariners

Mariners catcher Cal Raleigh played for Great Smokies Little League in Sylva, North Carolina.


Julio Rodriguez, CF, Seattle Mariners

Mariners center fielder Julio Rodriguez played little league baseball in Loma de Cabrera, Dominican Republic.


Kodai Senga, SP, New York Mets

Mets starting pitcher Kodai Senga played little league baseball in Gamagōri, Japan.


Juan Soto, RF, New York Mets

Mets right fielder Juan Soto played for Banco Central Little League in Santo Domingo, Dominican Republic.


Bryan Woo, SP, Seattle Mariners

Mariners starting pitcher Bryan Woo played for Alameda Little League in Alameda, California.

All childhood photos courtesy of the New York Mets and Seattle Mariners.

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Business

Trump’s son-in-law Kushner takes stake in UK lender OakNorth

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Trump's son-in-law Kushner takes stake in UK lender OakNorth

The private equity firm set up by Jared Kushner, President Donald Trump’s son-in-law, is to take a stake in OakNorth, the British-based lender which has set its sights on a rapid expansion in the US.

Sky News has learnt that Affinity Partners, which has amassed billions of dollars in assets under management, has signed a deal to acquire an 8% stake in OakNorth.

The deal is expected to be concluded in the coming weeks, industry sources said on Friday.

Mr Kushner established Affinity Partners in 2021 after leaving his role as an adviser to President Trump during his first term in the White House.

He is married to Ivanka, the president’s daughter.

Affinity manages money for a range of investors including the sovereign wealth funds of Qatar and Saudi Arabia.

Insiders said that Affinity Partners was buying the OakNorth stake from an unidentified existing investor in the digital bank.

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The valuation at which the transaction was taking place was unclear, although OakNorth was valued at $2.8bn in its most recent funding round in 2019.

OakNorth, which was founded by Rishi Khosla, is targeting substantial loan growth in the US in the coming years.

Earlier this year, it agreed to buy Community Unity Bank (CUB), which is based in Birmingham, Michigan, in an all-share deal.

The transaction is awaiting regulatory approval.

OakNorth began lending in the US in 2023 and has since made roughly $1.3bn of loans.

The bank is chaired by the former City watchdog chair Lord Turner, and is among a group of digital-only British banks which are expected to explore stock market listings in the next few years.

Monzo, Revolut and Starling Bank are all likely to float by the end of 2028, although London is far from certain to be the destination for all of them.

Similarly, OakNorth’s ambition to grow its US presence means it is likely to be advised by bankers that New York is a more logical listing venue for the business.

Launched in 2015, the bank is among a group of lenders founded after the 2008 financial crisis.

Its UK clients include F1 Arcade and Ultimate Performance, both of which have themselves expanded into the US market.

Its existing backers include the giant Japanese investor SoftBank, GIC, the Singaporean state fund, and Toscafund, the London-based asset management firm.

Since its launch, OakNorth has lent around £12.5bn and boasts an industry-leading loan default ratio.

Last year, it paid out just over £30m to shareholders in its maiden dividend payment.

OakNorth has been growing rapidly, saying this year that it had recorded pre-tax profits of £214.8m in 2024, up from £187.3m the previous year.

It made more than £2.1bn of new loans last year.

On Friday, a spokesperson for OakNorth declined to comment.

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World

Ukraine vows to continue drone attacks until there’s a peace deal

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Ukraine vows to continue drone attacks until there's a peace deal

Ukraine says there will be no let-up in its punishing long-range drone attacks on Russia until Moscow agrees to peace.

The warning comes ahead of Vladimir Putin meeting Donald Trump in Alaska.

Ukraine war latest: Trump prepares for summit with Putin

It was made in a rare interview with one of the key commanders of Ukraine’s drone forces.

We met in an undisclosed location in woods outside Kyiv. Brigadier General Yuriy Shchygol is a wanted man.

There is a quiet, understated but steely resolve about this man hunted by Russia. His eyes are piercing and he speaks with precision and determination.

Brigadier General Yuriy Shchygol has been in charge of several devastating drone strikes against Russia
Image:
Brigadier General Yuriy Shchygol has been in charge of several devastating drone strikes against Russia

His drone units have done billions of dollars of damage to Russia’s economy and their range and potency is increasing exponentially.

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“Operations”, he said euphemistically, “will develop if Russia refuses a just peace and stays on Ukrainian territory”.

“Initially, we had a few drones a month, capable of striking targets 100 to 250 kilometres away. Today, we have drones capable of flying 3,000 to 4,000 kilometres, and that’s not the limit, it’s constrained only by fuel supply, which can be increased”.

A Ukrainian drone struck this building in Kursk, Russia, on Friday. Pic: Kursk regional government/AP
Image:
A Ukrainian drone struck this building in Kursk, Russia, on Friday. Pic: Kursk regional government/AP

Cars were also damaged in the strike. Pic: Kursk regional government/AP
Image:
Cars were also damaged in the strike. Pic: Kursk regional government/AP

His teams had just carried off one of their most complicated and most devastating strikes yet. A massive fire was raging in an oil refinery in Volgograd, or Stalingrad as it was once called.

“If the refinery is completely destroyed, it will be one of the largest operations conducted,” Brigadier General Shchygol said. “There have been other major targets too, in Saratov and Akhtubinsk. Those refineries are now either non-operational or functioning at only 5% of capacity.”

Oil is potentially Vladimir Putin’s Achilles heel. So much of his economy and war effort is dependent on it. Donald Trump could cripple Russia tomorrow if he sanctioned it but so has appeared reluctant to do so, a source of constant frustration for the Ukrainians.

Military activity on both sides has increased as diplomacy has picked up pace.

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In another long-range attack, Ukraine says it hit the port of Olya in Russia’s Astrakhan region, striking a ship loaded with drone parts and ammunition sent from Iran.

But on the ground, Russian forces have made a surprise advance of more than 15km into Ukrainian territory.

Ukraine says the intrusion can be contained, but it adds to fears about its ability to hold back the Russians along the 1000-mile frontline.

Russian soldiers prepare to launch a Lancet drone in an undisclosed location in Ukraine. Pic: Russian Defence Ministry Press Service/AP
Image:
Russian soldiers prepare to launch a Lancet drone in an undisclosed location in Ukraine. Pic: Russian Defence Ministry Press Service/AP

Read more from Sky News:
Why was Putin invited to Alaska?
Russia sends heavyweights to summit
What to expect from pivotal meeting

Russia launches almost nightly drone attacks on Ukraine’s cities, killing civilians and striking residential targets.

General Yuriy says Ukraine picks targets that hurt Russia’s war effort, and it is constantly honing its capability.

“Each operation”, he says, “uses multiple types of drones simultaneously, some fly higher, others lower. That is our technical edge.”

How satisfying, I asked, was it to watch so much enemy infrastructure go up in smoke? He answered with detached professionalism.

“It does not bring me pleasure, war can never be a source of enjoyment. Each of us has tasks we could fulfil in peacetime. But this is war; it doesn’t bring satisfaction. However, it benefits the state and harms our enemy.”

Whatever happens in Alaska, General Yuriy and his teams will continue pioneering drone warfare, hitting Vladimir Putin’s economy where it hurts most.

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