Posted on 08/12/2022 9:58:30 PM PDT by SeekAndFind
Typical fake news. This is an election year, of course the criminal administration will get the gas price down before same. But after the election you can bet your bottom dollar that the gas price will go to record levels.
What has changed is demand destruction finally kicked in as it lags behind. People are driving a lot less, gasoline consumption is at the same level as early on during Covid.
Look at the consumption numbers. It's demand destruction from gas prices being too high for too long.
That title/question has to be the stupidest this month. “Is the worst over?”
The “worst” isn’t over just because gas is a few cents cheaper than it was a couple weeks ago.
The quantity of demand has been greatly reduced, meaning all your lives have been diminished.
Biden impoverishes people and says things are getting better. No, it means people are doing less traveling with their families.
Their plan was to drive down oil consumption and they accomplished it.
The Green New Deal.
It’s not over of the reason for the price decline is demand destruction.
I’ve heard the Israelis not so secretly have 200 nukes.
If Taiwan didn’t develop some over the years, they were foolish not to do so.
Daily Trade Alert failed to note California prices $5.40 to $5.90 so much for the propaganda report.
The worst is far from over. Millions of useful idiots continue to vote for the democrat party.
That's exactly my first thought.
How can it be otherwise when the whole world has a war against fossil fuels.
🎓☑️
It’s the election dip.
Fear not, they’ll skyrocket right after the election.
Here, behind enemy lines in MD, have not seen a single sign of any gas below $4.89...
No price drop is significant until it returns to the $1.99 we paid during the Trump era...
No.
Lower price will help increase demand, which will start to bring prices back up, and they’ll remain higher than when Biden took office.
Exactly. During a recession the US government has very little power to stop it from happening. The international banks hold all the chips at the table.
One of the few ways the government can keep pretending things are fine is to encourage its citizens to take on my debt (while promising some sort of tax credit or stipend for doing so).
Remember things like "Cash for Clunkers" back in 2008?
People should ask themselves a question. Why would the government ENCOURAGE new debt in the face of an economic downturn when people are losing their job and businesses are struggling to survive?
It's because a recession is a plunging of the money supply - and our debt-based money supply is simply measured by the total outstanding debt in the nation. The way to prop up the money supply is to encourage new debt.
Our government did this on the backs of are most ignorant populace during the last recession - students.
Student loans went from a total of $400 billion in 2006 to now more than $1.8 TRILLION - just so the government could get new debt issued to keep the economy from collapsing.
Be careful of the market "exuberance" right now. In economics it's known as "The Greater Fool Principle" - or finding a bag holder that thinks the bottom has been hit in the markets and we're on a rocket ride back up.
There are absolutely no indicators globally showing this to be the case. The wealthy are transferring their holdings to those who don't know any better.
Gas is $5.50 to $6.50 here today in the San Fernando valley.
Another good tip which makes it less painful at the pump and easier to BUDGET is Dollar Cost Averaging.
I don’t drive as much as I used to, but when I was driving to a job 6 days a week and driving to see my Dad to help care for him, I would fill up on the same day each week. I liked Thursdays for some reason. That way if prices were higher or lower in the course of a month, I would have 4 fill-ups at an “averaged” price to me for pretty much the same amount of gasoline each week.
It something I always did when investing in stocks & bonds, too. Same amount invested each month, whether prices were higher or lower in the market.
“On the one hand, the government is releasing oil from its Strategic Petroleum Reserve.”
Brilliant strategy there, Brandon! Sell Low, Buy High (when, if ever, we can refill it...at Taxpayer Expense!)
Even a stupid SQUIRREL knows to GATHER nuts for the winter - not GIVE THEM AWAY!
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