- US gas prices rose to $3.681 per gallon on Wednesday from $3.674 on Tuesday, marking the first increase in 99 days, said AAA.
- It signals that the impact of declining fuel costs on the recent easing in inflation may be dwindling.
The steady decline in prices that followed came as the Biden administration began releasing record amounts of crude oil from the Strategic Petroleum Reserve while fears of a recession weighed on demand forecasts. The Energy Information Administration reported that gasoline demand dropped to 8.49 million barrels per day last week from 8.73 million barrels per day in the prior week.
So basically the only way we have kept gas prices down is through the artificial means of misuing the strategic reserves? Seems very Bidenish.
The bigger problem is that gas prices going down has literally been the only thing dampening inflation surges. If gas prices start going back up along with food prices and everything else, our core inflation will go through the roof.
The FED just announced another 0.75 raise in the prime rate. They suggest at least another 0.75 is in the cards. This will no doubt push recession fears higher, but appears necessary to undermine this runaway inflation.
Meanwhile. Democrats keep spending more money... telling us that it will reduce inflation. Treating us as if we are economic idiots or gullible morons. But I guess there are some that are one or the other and still encourage it.
26 comments:
If I didn't know better, I'd say you were trying to distract us from Trump.
KansasDem
The number one issue in the fall election is Bidenomics .
How Socialist Democrat policies have Wreck the budgets of blue colar people .
Biden draining our strategic petroleum reserves while decreasing our ability to refill them is actually criminal
what is going to happen when the cupboard is bare ?
well maybe that is the plan for whoever or whatever is actually running this administration
the collapse of America
every action Biden has taken has hurt our country
and helped the "big guy" and our adversaries
Last I checked, Trump stopped being President 19 months ago. This tread is the more current topic.
Yeah balls...
So true!
Someone is trying to "distract" from what is actually happening in the real world today.
That being said... if you suffer from TDS.. then your everyday life is little more than a distraction from reading and obsessing more about a man who is not the President and has not been the President for quite some time!
KansasDem
James, simply tell us why we are in the Bidenomics caused recession?
KansasDem
Myballsinthewoodsagain, spot on.
"MyballsinthewoodsagainSeptember 22, 2022 at 12:06 PM
Last I checked, Trump stopped being President 19 months ago."
Bidenomics has been a flaming train wreck.
The pederast 'pastor'(LOL) must be under the impression that Trump is on a mid-term election ballot somewhere.
What an imbecile.
KansasDem
"“Please answer, yes or no. Does your bank have a policy against funding new oil and gas products?” Towelhead Tlaib asked.
“Absolutely not and that would be the road to Hell for America,” said Dimon.
It has not escaped my attention that James never commented on the fbi firing its whistle-blowers. Every time, just like CH says, he ignored the topic being discussed and tried to shift it to Trump.
So basically the only way we have kept gas prices down is through the artificial means of misuing the strategic reserves? Seems very Bidenish.
The bigger problem is that gas prices going down has literally been the only thing dampening inflation surges. If gas prices start going back up along with food prices and everything else, our core inflation will go through the roof.
At some point the SPR reaches a critically low level and that gimmick will have to stop. Then we go back to $5 gas. Perhaps $6 or $7. And there will be no more sleight of hand left to fool the morons who vote democrat.
Economically the remaining two years of this fucking clown show regime are going be excruciating. But as long as the affirmative action NY AG is suing Trump for absolutely nothing, that keeps the useful idiots entertained.
yay.
KansasDem
RRB, what has The Big Guy done with the money from the sale of Billions of Barrels of Oil from the Strategic Petroleum Reserve?
Meanwhile. Democrats keep spending more money... telling us that it will reduce inflation. Treating us as if we are economic idiots or gullible morons. But I guess there are some that are one or the other and still encourage it.
"Sure, all these dollars will cause even more inflation, but who cares?" - Jimmy Carter (Dan Akroyd), 1978
""I'm sick of this stuff ... the American people think the reason for inflation is government spending more money. Simply not true!" - Joe Biden, 2022
SNL when it was funny
Freaking Dilbert is dropped from 77 newspapers, the lefts cancel culture continues. Unbelievable.
Inability to take criticism, no sense of humor, this is a sign of insecurity
https://www.dailymail.co.uk/news/article-11235995/Dilbert-comic-strip-canned-77-newspapers-artist-Scott-Adams-included-anti-woke-plotlines.html
rrb: The pederast 'pastor'(LOL) must be under the impression that Trump is on a mid-term election ballot somewhere.
What an imbecile.
__________
Whenever I take a break from sexually abusing and cannabalizing little boys, I am very much under the impression that Trump and those who most ardently support him are under the impression that the mid-term election and the next presidential election are very much about Trump.
But many of them are beginning to question that, and Trump along whith his most devoted adherents are desperately doing all he/they can to keep the spotlight on himself, though that is going ratherbadly for him lately.
So I like to help them out by keeping the spotlight right there on Trump where he wants it to be.
And you as a true Trumper should fervently welcome that.
whith
I think it’s “with”
Midterms are not about Trump. Not even a little.
Nor abortion according to the polls I’m seeing.
But when one lives in a bubble, it’s all about what you want to hear being regurgitated to you
So I like to help them out by keeping the spotlight right there on Trump where he wants it to be.
Sure thing Reverend...
It wouldn't be the FBI sending 30 agents to raid his Mar-a-Lago residence or the NY AG filing a lawsuit or anything else that apparently needed to all happen within three months of the mid-term...
that was all just coincidence, huh?
You could ignore Trump is you had that ability.
But some people have no self-control!
I mean... jeepers. Have you looked at the legacy blog lately?
"Midterms are not about Trump. Not even a little"
_____
Trump does not agree. His rallies are mostly about Trump.
Was there a rally about Vance? Only because he, as Trump said, was "kissing my a**"-- like Trump wants everyone else to do.
The midterms are very much about abortion because the lying Trump appointed Justices overstepped and broke their assurances that Roe vs Wade must be regarded as "settled law."
Sure thing Reverend...
It wouldn't be the FBI sending 30 agents to raid his Mar-a-Lago residence or the NY AG filing a lawsuit or anything else that apparently needed to all happen within three months of the mid-term...
that was all just coincidence, huh?
No one, including Trump himself, is doing as much to keep Trump front and center in the American spotlight as the DOJ/FBI/STASI, the NY AG, Slow Joe himself, Liz Cheney, the J6 committee, or any one of the other democrat clowns on Capitol Hill.
The pederast knows this but won't admit it because he's a pathological liar.
Oh, I'm QUITE willing to admit that Democrats very much want to help Trump
keep Trump in the spotlight,
as he wants to be.
And so do lots of Republicans
who attend his rallies.
Thanks to all for that.
MEANWHILE, isn't this nice, rat?
APPEARING ON FOX NEWS, Kushner Denounces Stunts to Ship Migrants North
Jared Kushner told Fox News it was “very troubling” to see migrants “being used as political pawns.”
He added: “We have to remember these are human beings, they’re people.”
_______
Warms your heart, doesn't it, rat?
AND THIS IS GREAT TOO, ISN'T IT:
POLITICO REPORTS THAT McConnell is encouraging a rewrite of the Electoral Count Act
“Mitch McConnell opposed conviction in Donald Trump’s second impeachment trial.
He may yet help clean up the mess of Jan. 6”
BECAUSE
“Things are playing out differently in the Senate GOP after only nine House Republicans — all of them retiring from Congress — supported updating a 19th-century law that Trump’s allies sought to manipulate to keep him in power.
Even as House GOP leaders whipped against the post-Jan. 6 legislation this week,
McConnell has encouraged his members to seek a deal with Democrats and is himself leaning toward backing the effort.”
_____
Nice of McConnell to do something right for a change, isn't it rat?
AND THIS IS ESPECIALLY GOOD, ISN'T IT?
Biden’s Approval Keeps Rising
A new Marquette Law School national survey finds President Biden’s approval rate is
45% — up from 36% in July.
In a hypothetical match between Biden and Donald Trump in a 2024 election, Biden receives 40%
and Trump 36%,
while 19% say they would vote for someone else
and 6% say they would not vote.
____
I bet Ch is happy too.
The survey was conducted Sept 7-14, 2022, interviewing 1,448 adults nationwide, with a margin of error of +/-3.4 percentage points.
Not likely voters, not even registered voters but adults
You’re a fucking idiot, pedo
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