Free Republic

This is going out mainly to the truckers out there, but everyone should start thinking about this: Is there a certain point – a price per gallon if you will, where the wheels start falling off the supply chains, the economy, etc. to the point of no return? A few weeks ago, I was talking with friends both on and offline; trying to calculate a number in which owner-operators and small fleets simply could no longer afford to operate under the current D.O.T. rules. If/When that happens, by logic, we assume one of more the following would take place: 1....

Feelin’ hot, hot, hot! Inflation, the bane of the middle class and working families, just rose to 8.6%. Core inflation, that excludes energy and food, actually declined slightly to 6% from 6.2% in April. But since most families are concerned with gas prices and food, (not to mention home prices growing at 21.17% YoY), core inflation really underestimates the suffering. The Fed is expecting two half-point hikes followed by quarter-point increases. And mortgage rates keep rising as The Fed fights the inflation fire. Here is a video of Milton Friedman speaking on inflation. On the hotter than expected inflation news,...

The link lists average prices in dollars for liter in Europe 1 Gallon = 3.785 liters Europe was hard hit by rising gasoline prices due to Russian boycott. Yet, the prices there are not really that much higher than Us Prices right now. Remember, European gas prices used to be at least double of the US.

India is buying up cheap sanctioned Russian oil, refining it, then selling it to the US and EU for huge profits, according to a report in the Wall Street Journal. The US has reluctantly given India permission to buy Russian oil because India has threatened to ditch their alliance with America and ally with China if the US dares to sanction them. While Americans and Europeans are being forced to pay record prices for gas as "the cost of standing up for freedom," the free nation of India is buying oil from Russia for a whopping $35 off a barrel...

UK gasoline prices continue to set records, with the daily price jump between Monday and Tuesday at its highest in 17 years, RAC, the UK’s longest-serving motoring organization, says. “The average price of petrol endured its biggest daily jump in 17 years by going more than 2p (2.23p) a litre on Tuesday (7 June), taking it to nearly 181p a litre (180.73p),” RAC fuel spokesperson Simon Williams said as carried by Auto Express. Gasoline prices were at a record high of $2.27 (£1.81) per liter, or around $8.60 per U.S. gallon, on Tuesday, according to data from RAC Fuel Watch,...

As I line up my move from Fairfax VA to Columbus OH, I am getting a variety of quotes from moving companies. And wow! The cost of moving using a national moving company for a 4 bedroom house is $15,000 to $20,500. That includes International, North American and Bekins. One of the reasons for the high cost of moving is the massive increase in diesel fuel used for trucking. Diesel fuel under Biden has risen 117%. And since it was revealed that natural gas often is used for electric charging stations, and NATGAS is up 281% under Biden (but there...

Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply. The previous amount of 10% (summer blend) was raised to a year-round 15% (waiver) by the Environmental Protection Agency (EPA). This is likely to lead to two sets of bigger issues, less food and higher gas prices. ♦ First issue. – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year. Approximately 40...

Russia's invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it's not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.87 a gallon Monday according to AAA's survey — up 25 cents a gallon in just the last week. Gas prices were already expected to breach the $4 a gallon mark for the first time since 2008, with or without shots fired in Eastern Europe or economic sanctions imposed on Russia. But now the national average is expected to hit $5 a...

The pain at the pump continues for the vast majority of American drivers. According to AAA, the average price of regular unleaded gas surged 59 cents over the last month, and Monday's average of $4.87 per gallon represents the most expensive average rate in United States history. The one-week pricing spikes in Michigan (45 cents per gallon), Indiana (41 cents), and Wisconsin (39 cents) have been staggering. The price hikes in Colorado, Kentucky, Minnesota, Nebraska, Ohio, and Texas have also been steep, with each of the six states incurring a minimum increase of 30 cents per gallon over the last...

Since gasoline prices started surging at the end of last year, the U.S. Administration has been saying that it would consider and potentially use every tool at its disposal to lower prices at the pump. The problem for the Biden Administration—and for U.S. drivers—is that there isn’t a short-term solution to skyrocketing gasoline prices that set new record-highs day after day. Every tool at Biden’s disposal has its own drawbacks and political consequences, and every move the Administration is studying is unlikely to dent gasoline prices too much, analysts and White House insiders say. The only “solution” to record-high gasoline...

Soaring gas prices across the country are out of the White House's hands, Transportation Secretary Pete Buttigieg said on ABC's "This Week" Sunday as he rebuked oil company executives for not upping production. Driving the news: Gas prices have continued surging, and look headed for $5 a gallon nationwide, writes Axios' Matt Phillips. The big picture: "I don't think it's correct to say it hasn't made any difference at all," Buttigieg said about Biden's decision earlier this year to release oil from the Strategic Petroleum Reserve.

California: come for the poo-covered streets, stay for the crippling gas prices. That’s right, while the national average gas price hit $4.76 per gallon this week according to AAA, Californians are now paying a record $6.24 average per gallon after the state saw prices surge past the $6 mark for the first time in history last week. Via the Daily MailAt one station in coastal Mendocino, prices are just pennies away from $10 – the highest ever in history, according to the Daily Mail. Breaking it down by city, San Francisco motorists are paying an average of $6.50, while San...

This is not the legacy that will endear President Biden to voters. Regular gasoline prices have risen 101% under Biden. But it not just gasoline and diesel that are soaring (while the rest of us are sore!), CRB Foodstuffs are up 58% under Biden while the 30-year mortgage rate is up 89% under Biden. And this morning, WTI crude futures are up +1.71%. And up 142% under Biden. Prices are sizzling and clobbering the American middle class and low wage workers. But former Federal Reserve Chair and current US Treasury Secretary Janet Yellen never saw it coming. Biden’s just killing...

The fuel tax reduction has been in effect since midnight — and it has led to significantly lower prices at many petrol stations across Germany. Press agency DPA evaluated the prices at 400 petrol stations in Munich, Berlin and Hamburg between 6 am and 7 am on Wednesday, with the help of data from Germany’s biggest car club, the ADAC. Although not all petrol stations lowered their prices significantly, the vast majority showed a clear difference just a few hours after the tax cut, DPA said. […] … DPA’s flash analysis of prices found that a liter of Super E10...

US gasoline prices just rose to an all-time high. Yes, even higher than the Dubya-era gasoline price surge of 2008. Rising gasoline and diesel prices are helping drive up food prices to the highest level in history. The proxy war the US is fighting in with Russia in Ukraine is helping drive up food prices. But at the core is Biden’s anti-fossil fuel drilling executive orders starting when Statist Joe (and The Fish) became President. As The Fed begins unwinding their massive balance sheet, the 10-year US Treasury yield jumped 8.7 basis points.

As regards the question of REGENERATION OF UNDERGROUND PETROLEUM, I had heard Mr. Gold's (and others') arguments years ago and found them fascinating -- and plausible. I just did a search after seeing Larry's comment and found a trove of commentary on the topic at the link below. Please dig (or drill) into this yourself as you recall that Clan Rockefeller has had a very checkered - and self-serving - history. Given the relationships between BIG MONEY, BIG OIL and government and recent, ongoing national events, are we targets of yet another SCAM that has lasted over 150 years since...

A top Republican said on Friday that President Joe Biden is raising gas prices on purpose. Sen. Lindsey Graham (R-S.C.) made the remarks when he was asked on Fox Business’s “Wall Street with Maria Bartiromo” to respond to Biden’s recent comments where he said raising gas prices is part of “an incredible transition.” “I think that’s the main takeaway from his statement, that he is telling the American people they’re doing this to you on purpose, that the transition period is being imposed by policies coming from the Biden administration,” he said. “This is a conscious effort by the Biden...

President Biden is a walking "gaffe machine." You can't put him behind a microphone because God only knows what he is going to say. We understand now why they hid him in his basement in 2020 with infrequent trips to the ice cream shop. It's tough to make a gaffe when you buy ice cream unless you order a pizza. This is from the current overseas trip: "When it comes to the gas prices, we're going through an INCREDIBLE transition". Yes, that gasoline pump that goes from $20 to $30 to $40 to $50 and $60.... it's just a transition...

A San Francisco Bay Area gas station is charging nearly $8 per gallon ahead of Memorial Day weekend as California’s average price continues to trend upward, ABC’s KABC-TV 7 reported on Tuesday. The Chevron station in Menlo Park, California, was pictured offering regular gasoline to customers at a price of $7.25 per gallon, with its higher-octane gasoline hitting $7.75 per gallon. Gas prices are spiking across the country at shocking rates. In California alone, gasoline has gone up almost $2 per gallon over the last year. That number over the same period nationwide is $1.61, according to The Daily Wire....

I have never seen two Federal entities make such a mess in my life. The Federal Reserve and The Federal government. The good news? The 10-year Treasury yield is down -12.9 BPS this morning generally resulting in lower 30-year mortgage rates. Of course, the reason why the 10-yield is falling is generally bad news. The bad news? US New Home Sales fell -16.6% MoM in April as mortgage rates skyrocketed. Since the installation of Joe Biden as President, new home sales have plunged -31.2%, mortgage rates are up 88.9%, and framing lumber prices are up 29.2%. Biden is out there...