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Sticker Shock: Food, Gas Prices Set to Go Higher
CBN ^ | June 19, 2014 | Caitlin Burke

Posted on 06/19/2014 9:00:52 AM PDT by xzins

You don't have to be an expert to notice that costs for many essentials are at all-time high. From gas to food, Americans can expect to pay even more in coming months.

The current national average for a gallon of gasoline is $3.67 -- that's higher than it's been since 2008.

The higher prices are being blamed, in part, on the instability in Iraq.

According to AAA, both gas prices and global oil prices have steadily risen since ISIS (Islamic State of Iraq and Syria) took control of Mosul last week. The brutal jihadist army is actually flying its flag over Iraq's largest oil refinery.

High demand and the cost of drilling also play a role in the high price consumers are seeing at the pump.

"It's a lot more expensive to drill for oil today so we need higher prices," oil and gas broker Tom McCarty said.

"Again, if you look at the history going back for the last four years anyway, you know oil prices have been pretty stable," he noted. "Now they tend to swing to the 105 range back down to the 93 range."

"And one of these days it's going to break out above that and I'm afraid we may be close to that happening just simply because of more demand," he warned.

The cost of food is also sky-rocketing.

The price index for meats, poultry, fish and eggs hit an all-time high in May, according to the Bureau of Labor Statistics.

Meat costs are rising the fastest. A seven-year decline in herds has left the fewest cattle in at least six decades.

Analysts warn the high prices for both food and gas are here to stay for a while.

To make matters worse, Senate lawmakers actually proposed legislation this week to raise the federal gas and diesel taxes by 12 cents per-gallon over the next two years.

The proposal was pitched as a way to pay for highway and transit programs.


TOPICS: Extended News; News/Current Events
KEYWORDS: economy; inflation
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1 posted on 06/19/2014 9:00:52 AM PDT by xzins
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To: All

And through it all, the powers tell us that prices aren’t rising. Their numbers say what they want.

My brain and my wallet says it’s much higher across the board.


2 posted on 06/19/2014 9:01:12 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

You voted for it America.

All so you could talk about how non racist you are.

Enjoy.


3 posted on 06/19/2014 9:03:12 AM PDT by Tzimisce
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To: xzins

Big daddy…will my EBT allowance go up?


4 posted on 06/19/2014 9:03:43 AM PDT by PGalt
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To: xzins

Gas prices jumped here in Tulsa, OK, but usually we’re on lower end of the pricing scale in the USA ...

http://www.gasbuddy.com/gb_gastemperaturemap.aspx


5 posted on 06/19/2014 9:04:32 AM PDT by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: PGalt

Of course it will.

They implement policies that greatly increase prices for food, gas, electricity, natgas, etc

on people that actually pay for their own,

then they raise taxes on those same people to pay for the increased prices of food, gas, electricity, etc

for people that AREN’T paying for their own.

AND THIS IS ENTIRELY INTENTIONAL.


6 posted on 06/19/2014 9:05:28 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: xzins

At some point Eating your Arugula Range Fed Liberal Neighbor is going to be a more attractive price point than buying your meat at the supermarket....

The only problem is tyou have to cook them very well to kill off all the diseases that they tend to accumulate over a life time of fornicating with each other in the back seats of their Hybrid Cars.....


7 posted on 06/19/2014 9:06:24 AM PDT by GraceG
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To: xzins
Zero inflation though.

Like Lois Lerner's emails, the bureaucracy can make anything what they want it to be.

8 posted on 06/19/2014 9:07:23 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: GraceG
At some point Eating your Arugula Range Fed Liberal Neighbor is going to be a more attractive price point...

Ugh!!! I'd rather starve.

9 posted on 06/19/2014 9:08:02 AM PDT by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
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To: PGalt

At some point we will WANT to collapse the system in order to de-toxify the system.....

I recommend at thet point signing up for all the EBT and SNAP cards one can get their hands on...

Just make sure to buy enough soda pop and chips with them so you don’t get flagged at the grocery store for using them to buy storable canned food and other long term staples with them....


10 posted on 06/19/2014 9:08:29 AM PDT by GraceG
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To: xzins

July 1 rumor — the dollar will cease to be the international base currency.


11 posted on 06/19/2014 9:11:23 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: xzins

Energy prices will skyrocket.

Shut up and eat your peas.

I will bankrupt coal companies and utilities.

Obama is doing exactly what he said he was going to do. And he will make himself, his business cronies, and any politicians who go along, a shitload of money in the process.

This is how totalitarian regimes come to power. Want to see our future, look to central and south america. THAT is our future.


12 posted on 06/19/2014 9:13:09 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: xzins

Well to all you comrades in hoarding out there I guess that survival food has turned out to be a better idea than any of us knew. :-)


13 posted on 06/19/2014 9:15:00 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: PGalt
will my EBT allowance go up?

EBT will expand to meet your needs, but don't look for energy stamps any time soon. The regime wants you to protect Gaia.

14 posted on 06/19/2014 9:18:01 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: factoryrat
I will bankrupt coal companies

Ha! Since we can't burn Indiana coal here due to regime regulations, we're shipping it to Germany where they burn it. Even with the shipping costs it's still cheaper.

15 posted on 06/19/2014 9:20:03 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: xzins

They keep “printing” money (or electronically conjuring it up) to paper over 0bama’s massive deficits. They try to hide it in the bond and stock markets, but enough leaks out into circulation that inflation is inevitable.


16 posted on 06/19/2014 9:22:16 AM PDT by henkster (Do I really need a sarcasm tag?)
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To: xzins

And everyone wonders why people get food items from the dollar menus.


17 posted on 06/19/2014 9:22:21 AM PDT by hsmomx3
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To: xzins


BUSH!!!!!!
18 posted on 06/19/2014 9:22:35 AM PDT by VanDeKoik
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To: xzins

And Yellin is not increasing interest rates so expect inflation to continue. Stagflation, here we come!!


19 posted on 06/19/2014 9:25:00 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Star Traveler

***Gas prices jumped here in Tulsa, OK, ***
That means it will hit us today or tomorrow.


20 posted on 06/19/2014 9:25:31 AM PDT by Ruy Dias de Bivar (Sometimes you need more than seven rounds, Much more.)
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