If gas prices continue to increase then rates will have to go up to curb the incoming inflation.
There will be pressure to drop gas taxes across the country. But subsequent spending cuts won’t be made…and that will cause the debt(s) to go up. That will put pressure on rates.
Trump is going to need to wrap up the stuff in the Middle East soon, or its going to be a long, hot, and expensive summer.
Were are we going to cut spending then ?
#1 is entitlements,.and in a distant second is defense.
P.S. As affirmed by "Nestor vs Fleming" SS/Medicare-Medicaid is a government entitlement paid at the sole discretion of Congress ... suckers.
Cut diesel fuel taxes, not gas taxes.
This is pure gaslighting, promoted by the bankers and folks in the Billionaire's Club.
Government deficit spending is the cause of inflation.
The only thing that will curb inflation is some very substantial changes between what government spends and what government collects in taxes.