Posted on 03/07/2022 4:46:28 PM PST by Trump20162020
The average price for a gallon of gasoline in the U.S. hit a new record high of $4.104 on Monday, surpassing the previous record of $4.103 set in 2008 according to data from GasBuddy.
"Americans have never seen gasoline prices this high, nor have we seen the pace of increases so fast and furious," GasBuddy head of petroleum analysis Patrick De Haan said in a statement announcing the news.
(Excerpt) Read more at foxbusiness.com ...
Let’s Go Brandon!
This constant drum-beat headline is driving the left nuts. Keep it up media, we know you can’t help yourself.
The Saki Princess is still trying to pin this far left BS on Pooty Pooh. No Batman Movie for you Poohy.
Buy less and the price will come down and drive the Democrats even crazier ,LOL
And we can thank Joe and the media-fearmongering. Mostly Joe since we are not an importer instead of an exporter.
As O’Bunghole used to say...Hope for spare Change
Filled up at Wawa in Florida at 6am- $3.99. This afternoon at same station it’s $4.39
Donald.J Trump 🇺🇸@RealdnJTrump
”Raise your hand if you agree with Elon Musk saying we need to increase oil production in the US!”
Thank a Demonicrat who voted for Traitorbrandon!
Yup... according to her, the price of gas went up on the *rumor* Putin would invade Ukraine. smh... She’s lying, but some will believe it.
And four bucks bought a good bit more in ‘06 than it does now. (And even more than it’ll buy after SOB Biden and his collection of despicable vermin rule for another couple of years.)
For regular in northwest Indiana: $3.44 the week before last. $3.74 last Wednesday. $4.29 today.
Today in So. CA I paid $5.419/regular gas-— using my Costco Credit card which gives 4% kick back. Pay cash is only 10 cents less per gal, so credit card is better.
ANOTHER big thanks to dope Brandon!
Psaki-bomb
The propaganda effort by western media, specifically but not exclusively U.S. media, to shift blame for massive economic damage from Joe Biden to Russia is reaching a stunning level of coordinated intent.
The cognitive dissonance (fancy words for telling lies under the cloud of economic analysis) is not only happening in the U.S; a similar level of blame-shifting is happening in Europe, Australia, Canada and most western media outlets.
The global economic contraction, which was specifically and intentionally created by the collective ‘Build Back Better‘ promoters, is now being blamed on Russia; and, quite frankly, the motive behind the corporate media shifting the blame is because the underlying ideology (western policy) was/is supported by the leftist media tribe.
Throughout 2021, it is well documented how government COVID policies of lockdowns, economic consequences and insane spending, created the baseline problem behind inflation. Simultaneously, the western approach toward energy development and the “opportunity” the EU and U.S. sought to exploit within the BBB agenda to radically transform energy use, was simply pouring super-volatile fuel on an already burning fire.
In 2021, gasoline prices increased 60 to 80 percent. Food prices jumped 15 to 40 percent, with some sectors even higher. By the time the EU central bankers and U.S. Federal reserve finally admitted inflation was no longer “transitory,” we were facing next harvest fertilizer prices that tripled in price from 2020, and oil prices that had doubled in the span of 12 months.
None of this had anything whatsoever to do with Russia’s plans for Ukraine. Every part of the economic problem was created by government policy.
The western working class are in an abusive relationship with western government.
Reckless spending during an intentionally blocked economy, combined with radically changed energy and monetary policy, created this storm of economic consequence. At no point in this scenario was not in the control of government.
These consequences were specifically caused by ideological decisions made by people who are never affected by them. However, in a sick, twisted and Machiavellian effort to avoid the pitchforks now heading in their direction, these government leaders and their media stenographers are trying desperately to pin the blame on Russian President Vladimir Putin.
This example from Axios today is a case study in blame shifting:
Economic forecasters are starting to plug the effects of the Ukraine war into their models. It doesn’t look good, especially for Europe.
Why it matters: Much of the world is set to experience weaker growth and higher inflation than seemed likely mere weeks ago. And that’s assuming some of the more dire possibilities that further escalation of the conflict could bring don’t materialize.
The big picture: Soaring energy prices are the most direct channel through which the world economy stands to be battered by the conflict. But rising prices for other commodities will also fuel inflation and could disrupt supply lines.
By the numbers: Economists at JPMorgan said Friday they expect the world economy to grow 0.8 percentage points slower in 2022 than they did on Feb. 18. (read more)
Everything is obtuse crap.
However, in our discussions we do not need to pretend. Preparations require a brutal acceptance of the landscape that is in front of us, not some clouded avoidance that will only make us victims to our lack of acceptance.
In May and June of 2021, the entire economic machine shifted. That was when the final cash dump into the economy became visible. Everything since then is a direct outcome of that inflection point. It has been eight months of economic smoke and mirrors.
Inflation in the last half of 2021 was driven by spending decisions in the first half of 2021. That oil in the machinery has dried up. As we watched the reserve tanks emptying, CTH was warning -repeatedly- to prepare. Now, things are about to seize. We will see even more inflation as massive increases in fuel will drive up the costs of everything again.
It’s not an issue of whether a recession is possible, likely or probable. As we noted last year, the recession would have naturally taken place in the third and fourth quarter. It was clear that overall consumer demand was artificially propped up by govt subsidy. Government intervention stopped the natural demand contraction from surfacing.
Now, with even higher oil prices leading to $7/gal gasoline, there will be no way to avoid seeing the pain of an economic recession under much steeper terms than before. None of this is accidental. All of this is by design.
Massive increases in energy and gasoline costs are a feature of their plan, not a flaw.
Joe Biden always was the disposable political tool within this insidious scheme.
And Biden is just getting warmed up.
$1.819 on 11/08/20 in Jacksonville.
$3.359 on 11/17/21!
$3.509 on 2/21/22!
$3.999 yesterday!
$4.199 today!
Joe Biden did that!
“Americans have never seen gasoline prices this high,”
Adjusted for inflation gasoline prices are lower than they have been most of the time for the last century.
Trump period gas prices were exceptionally low and will not be seen again, even if Trump get reelected.
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