Sign Of The Times! US Gasoline Prices Decline To $4.94, Diesel Prices Rise To $5.80 As Recession Fears Mount (Reverse Repos At Fed Hit All-time High)

Confounded Interest ^ | 06/23/2022 | Anthony B. Sanders

[Browns Ultra Fan]

The talk of a gasoline tax “holiday” out of Washington DC is pure Kabuki theater. It is purely a sign of the times with Biden still trying to blame Putin for rising gasoline prices and inflation and ignoring his anti-fossil fuel policies that helped drive energy prices AND inflation through the roof.

Daily regular gasoline prices have dipped below $5.00 to $4.94 while diesel fuel, the lifeline of the shipping industry, rose slightly to $5.80. I guess the folks shipping food and other goods don’t get a holiday.

Note that the implied Fed target rate has fallen a bit as the probability of a recession increases.

And why are banks stashing so much money at The Fed in the form of reverse repos? Fear of recession, perhaps?

The Biden Administration is settling all kinds of records, and none are good.

[Browns Ultra Fan]

Biden/Pelosi/Schumer are an unmitigated disaster.

[SaveFerris]

(The Biden Administration is settling all kinds of records, and none are good.)

Setting?

[rktman]

Wait until it drops 18.3 cents per gallon! Grrrrrrr! Fookin’ 👺

[SaveFerris]

Higher gas ⛽ prices

Higher food prices

War

[jz638]

I’m pretty convinced that the dems think they can fiddle with the system enough to get the national average for gas just slightly below $4/gallon just in time for the election, and I won’t be surprised in the least if they pull it off. It will be a shell game of course, but I think they’ll do it. The week after the elections, everything will collapse of course, but they have been operating on a “anything to get past the next news cycle” for so long they don’t care.

[minnesota_bound]

Even Alaska gas prices are cheaper then California!!
$6.30+ in Calif. Why is it over $2.00 more?
Paying for big state gov’t pensions for one and everything else but road repair judging from the potholes and rough roads I drive over.

Click on map in your area to get a price
https://www.gasbuddy.com/gaspricemap?lat=38.822395&lng=-96.591588&z=4

[Freedom_Is_Not_Free]

Woohoo! 7 cents! Party like it is 1979.

[Grampa Dave]

Current Triple AAA gas prices per state: Click your state for current prices.

https://gasprices.aaa.com/

Below is the grim reality of high gas prices for many Americans!
https://media.townhall.com/Townhall/Car/b/afb061222dAPR20220612094502.jpg

We care about it taking $140 to fill up the tanks of our SUVs when oil is sitting there untouched under the surface of our great land because to get it would offend Gaia and all her followers in Manhattan and Santa Monica. We’re going to elect a new president from the “Drill, baby, drill” caucus.

https://media.townhall.com/Townhall/Car/b/afb061222dAPR20220612094502.jpg