Posted on 08/10/2022 6:37:11 AM PDT by Erik Latranyi
5 bucks a gallon definitely gets the poor people off the streets. At least until they can get delivery on their $70,000 electric vehicle....
You might want to buy into blockchain miner corporation RIOT today. It’s finally rallying after being in the dumps for months due to Chinese threats to outlaw bitcoin and general malaise. When Trump was POTUS it went as high as $75 per share, and it’s recently been as low as $6. Now at $8 and change and soaring.
Actually, I read that there will be a shortage of coffee, beer and wine this fall.
Beer has already escalated due to a shortage of CO2. Coffee is up, as you indicated. Wine is next
Since we are psychologically anchored to these higher prices, the public perception will be one of "success" if we could get down 5% inflation and $3.50 per gallon gas even though both are high by historical standards.
The Republicans should be hammering home the fact that the average price of a gallon of gas was $2.39 and the inflation rate was 2%, plus, there were no issues in obtaining baby formula.
According to the media pukes and the wall Street yellow belly money hungry communist rats are all giddy and celebrating. They’re calling this the best cooling down of the runaway bidenflation! You know the numbers are cooked so we might as well just buckle up because from here on it’ll be nothing but lies lies and more lies about the economy and the evil rats chances in November. Have your Xanax and Mylanta near you!
I get the bagged whole bean and it rose $3 a bag as well.
5 bucks a gallon also keeps potential entry-level workers home even when jobs are available at $15 per hour ... which even FURTHER fuels inflation.
Just two and a half years ago the rate was 1/4th of that number.
The number will rise later in the month
Nope, all is NOT good. Core inflation (after subtracting food and energy) stayed same as in June. Gas price drop caused the drop from 9.1 to 8.x
FED looks at core inflation, not overall inflation.
The USA decline in gasoline prices clearly reflects a major drop in demand.
That’s what I am seeing. Hotel prices are down a lot from last summer, too. People are driving less and cutting back on unnecessary travel.
Not surprised...stupidest SOB ever is President of the United States!!!
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