Posted on 12/26/2022 9:11:31 AM PST by Kaiser8408a
As the global economy slows and global central banks continue to tighten, we are seeing gasoline and diesel prices falling.
But bear in mind that US gasoline prices remain 30% higher since Biden was sworn-in as President. Diesel prices are up a staggering 78% since that fatal day.
Speaking of tightening monetary policy, the US Treasury yield curves have flattened/inverted since The Fed started tightening with rate increases to fight inflation.
Let’s see how inflation does with Congress’ $1.7 trillion, unread Omnibus bill. Aka, Grand Theft Congress. Pelosi is holding an iPhone and Schumer is holding the scope rifle. McConnell is wearing the gas mask since the wasteful spending truly stinks.
(Excerpt) Read more at confoundedinterest.net ...
How much is the cost of the payment of the debt now? I imagine the interest payment alone is quite a lot.
But lets keep sending OUR money over to a queer who is running his country into the ground.
I thought I saw the interest payment was 2 trillion
They normally fall in winter, people drive less.....................
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Biden approval rating has risen in exact concert with lower gas prices.
But the rising rates only impacts those debts that mature in the short run. Conservatively, interest payments could go to $500bn.
And yes, if we saw Putin's cache it probably has creepy photos.
Humming “What A Fool Believes” in my head now.
Gas is “only” a buck and half more than before.
Well, yay.
“They normally fall in winter, people drive less”
That and “winter blend” fuels are cheaper to produce so the price at the pump is less.......sure as hell ain’t nothing brandon is doing thats for sure.
It was $2.40 when Trump left office so I’m not impressed by this.
Federal spending this year is about $6 trillion. Current taxpayers fund $5 trillion of that. So about $1 trillion in new debt goes to our grand kids this year (on top of $31 trillion existing debt).
The interest rate on the old $31 trillion debt is about 1/2 trillion dollars, or 1.5% ... but the way things are going, in a couple of years our grand kids debt will be up to about $36 trillion at a 3% rate, or $1 trillion per year ... or $8,600 per tax payer.
The majority of U.S. citizens are embicilic. It’s why I have little hope for the future
Heating oil prices up more than 100%
‘Fed Tightens Monetary Noose’
Nope. No bias there.
It went up 14 cents overnight here in Texas.
So the real question is: Why are Diesel prices so much higher than Gasoline prices?
And as more and more people are squeezed between eating and gas, mortgage and gas, heating fuel and gas .. you can see where this is going!?
When everyone is forced to walk ... Gas will be free!😁
Diesel prices are up a staggering 78%
Biden’s inflation driving up prices on everything.
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