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Weekend Update! Crude Oil Above $100, Diesel Fuel UP 155%, Coal UP 256% Under Biden, Mortgage Rates Now Above 4.5%
Confounded Interest ^ | 03/19/2022 | Anthony B. Sanders

Posted on 03/19/2022 7:17:21 AM PDT by Browns Ultra Fan

The news just keeps getting worse and worse. Russia is still assaulting Ukraine, WTI Crude prices are above $100 a barrel and climbing, the Cleveland Browns signed Deshaun Watson to replace Baker Mayfield at quarterback, etc.

But back to energy prices. Since Biden was sworn-in as President, WTI Crude Oil futures are up 125%, regular gasoline prices are up 89%, and diesel fuel prices are up 155%. Diesel is important since America uses diesel-powered trucks to transport goods to market.

Globally? The world inflation rate has grown from 2% in January 2021 to 6.82%. Global food prices are up 24%.

Yes, WTI Crude and Brent Crude are above $100 per barrel.

And coal prices are up 256% under Shoeless Brainless Joe.

Mortgage rates? Bankrate’s 30-year mortgage rate is now above 4.50%.

Let’s see if Dr. StrangeFedpolicy raises rates as aggressively as signaled.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: biden; coal; energy; fuel; oil; oodaloop; prepper; preppers
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Biden IS Brainless Joe. Watch Putin and Xi bully this weak, demented fool.
1 posted on 03/19/2022 7:17:21 AM PDT by Browns Ultra Fan
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To: Browns Ultra Fan

Biden IS the best friend Putin and Xi could ever have he saves the time and money to destroy America.


2 posted on 03/19/2022 7:19:49 AM PDT by Vaduz ( )
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To: Browns Ultra Fan

But remember, the pedophile clown and his ho that “81 million voters” chose to run this chicken coop isn’t responsible for any of that sh*t. Trump and Pooty Pooh did it.


3 posted on 03/19/2022 7:20:08 AM PDT by FlingWingFlyer (Don't blame me, I voted for President Trump. Let's Go Brandon! FJB!)
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To: Browns Ultra Fan
Watch your catalytic converter(s) too.

Precious metals have gone way up and thefts are rampant.


4 posted on 03/19/2022 7:22:51 AM PDT by nascarnation (Let's Go Brandon!)
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To: Browns Ultra Fan

Brandon’s goal is to destroy America. There’s no other way to explain what he’s doing.


5 posted on 03/19/2022 7:22:58 AM PDT by Spok (Winston, how many fingers am I holding up?)
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To: Browns Ultra Fan

Yeah, but we got the mean tweet guy out of the WH, so Stephen Colbert, Whoopie Goldberg, Chuck Todd, and the other cool people are happy. Of course they’re all multi-millionaires, but that hardly matters.


6 posted on 03/19/2022 7:25:48 AM PDT by Steely Tom ([Voter Fraud] == [Civil War])
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To: Browns Ultra Fan

Mortgages over 4.5%? Wow, they are escalating.

I refinanced last year. I know I didn’t hit rock bottom, but refi at 2.99% fixed.

Mortgage rates rising might cool down the housing markets, we’ll see.

Then again, we hear a lot about cash offers, which won’t depend on anyone getting a mortgage.


7 posted on 03/19/2022 7:26:49 AM PDT by Dilbert San Diego
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To: Dilbert San Diego

I can still remember my 12.5% mortgage from the 80s...


8 posted on 03/19/2022 7:27:40 AM PDT by nascarnation (Let's Go Brandon!)
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To: Browns Ultra Fan

Don’t forget the 100,000 illegals a month crossing over from across the globe!!! Including terrorists!! This should infuriate everyone! Abbott and the republican state reps are FREAKIN useless! POS globalists!!


9 posted on 03/19/2022 7:41:14 AM PDT by RoseofTexas
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To: Browns Ultra Fan

That’s not fair! You’re only talking about the negative things Biden has done. What about his generous donation of 84 Billion dollars worth of state of the art equipment he gave the Afghan Taliban? He may have closed the Keystone Oil Pipeline but he has widened the Southern Border illegals/humansmugglers/fetanyldealer pipeline. He has the military more “woke” and studying “white rage” and gender pronunciation and that has to count as something. And look at the profits he’s made for Big Pharma industry!!! These are guaranteed profits with lawsuit immunity. We are at record high spending and printing money, so he’s not just a do nothing President. Next, he will stop ALL crime with a new Gun Control Bill. That’s gonna be big.


10 posted on 03/19/2022 7:48:34 AM PDT by BipolarBob (Reading is one way for escape. Running for your life is another.)
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To: nascarnation

I remember those too. I did not have property then but my fellow employees did and it was the conversation EVERY day at lunch.


11 posted on 03/19/2022 8:02:27 AM PDT by Karoo
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To: nascarnation

I can still remember my 12.5% mortgage from the 80s...

That was the FHA rate on the first property I sold as a Realtor in 1984.

And oh by the way, people will be wishing for oil as low as $120 by June.


12 posted on 03/19/2022 8:22:16 AM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: nascarnation

We were paying 18% on our booking orders, and still kept solvent. Somehow.


13 posted on 03/19/2022 8:25:52 AM PDT by Don W (When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
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To: Browns Ultra Fan; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; 300winmag; ...
Prepper Ping - The title sayes it all - Biden, since inauguration to the present !

Browns Ultra Fan :" Biden IS Brainless Joe.
Watch Putin and Xi bully this weak, demented fool."

If this was a school report card, what grade would you give Biden ?

14 posted on 03/19/2022 8:53:13 AM PDT by Tilted Irish Kilt
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To: Browns Ultra Fan; All

‘Baker Mayfield’

I’m really doing to miss his commercials where he lives in the stadium, LOL!

I predicted to Beau that Baker was going to get booted quite a number of months ago. ;)

Where will he live, now? *SMIRK*


15 posted on 03/19/2022 8:56:39 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Dilbert San Diego

“Then again, we hear a lot about cash offers, which won’t depend on anyone getting a mortgage.”

I lost my ‘Dream House’ back in the 90’s that way. I was all set to go; had financing in hand and someone swooped in with cash. :(

It must be pretty wild for you in San Diego. I used to live in Imperial Beach from 1980-82. Just rented then.

I know of two young families, (WI & TX) who ended up building new because there were NO ‘next step up’ homes available to them. Luckily, they got lower rates from 2 years ago, so they can afford it.

Both sold their current ‘starter homes’ in about 15 minutes flat! One was offered $50K OVER asking price.


16 posted on 03/19/2022 9:01:38 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Tilted Irish Kilt


17 posted on 03/19/2022 9:03:47 AM PDT by Iron Munro ( Joe Biden - Inventor Of The First New Language since Esperanto)
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To: Tilted Irish Kilt

Well, the little paste-eating bastard has pretty much lived up to my expectations. If the nukes fly, he’ll have exceeded them.


18 posted on 03/19/2022 9:12:29 AM PDT by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
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To: Browns Ultra Fan

And just think how much Biden will accomplish during his second term.


19 posted on 03/19/2022 9:14:28 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Browns Ultra Fan

Looking back in my records, the price of diesel began its climb IMMEDIATELY after plugs was immaculated and has not paused since.

I just filled the truck yesterday. Only 10.6 gallons since February 8. Doesn’t matter but I keep records of every fill-up since the truck was new in 2003.


20 posted on 03/19/2022 10:09:19 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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