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Key inflation gauge hits highest level since September ahead of Fed meeting
15 Mar 2024 2:31 pm
As long as inflation continues to rise while interest rates either rise or stay the same, there's no way that Dems and especially a mumbling, stumbling, Alzheimer patient can possibly spin that into good economic news.Fuelman » 15 Mar 2024, 12:33 pm » wrote: ↑ For Republicans sake, let's hope that recession happens sooner than later. The cracks in the economy are still there, if we limp along till the beginning of next year, it's going to be really tough to stop and will be hung around Republicans necks if Trump wins.
Also, the spring and summer seasons always bring higher gas prices for the nation, and are already beginning to rise significantly. That will be the fuel for higher inflation on food and any of the thousands of products trucked from the west coast.
There is no way to keep the inflation rate from climbing when gas and diesel prices continue to rise each month.
And you can bet the DNC is on the verge of panic as a result.
Why are California gas prices so high?
ABC News by Lauren Walike 3/4/24
Gas prices in CA have gone up since last week by an average of about 20 cents per gallon across the state, according to AAA. In the Sacramento area, drivers can expect to pay about 30 cents more per gallon than last week as of Mon.
“We’re entering Spring Break season, and March and April bring higher gas prices as demand rises,” said Aixa Diaz, AAA spokesperson. “With milder temperatures come more road trips, and this time of year tends to be a precursor to the summer driving season.”California is seeing an average price of $4.83 compared to a week ago when the average was $4.64, according to AAA.
Gas prices are at a 4-month high nationwide with California leading in prices
KSBY News By: Ashley Stevens 3/11/24
As the weather gets warmer the demand for gas increases, and so do prices. Gas prices are at a 4-month high, according to AAA, the national average on Monday is around $3.40 for a gallon of regular gas. California’s average price sits at $4.88 as of Monday. According to AAA, a rise in gas prices around spring time is normal as the weather warms up and demand for gas is higher.
California is one of 10 states to see the largest average price increase, rising 12 cents a gallon since last Thursday. Ohio saw the largest increase, with a rise in 28 cents per gallon.
Gas Prices Are About to Become a Huge Headache for Biden: Experts
Western Journal by Allison Anton
Who would have thought shutting down oil drilling in the US would end up having negative consequences in an election year? It seems that President Biden and his administration failed to consider those consequences, seeing as experts are predicting a surge in gas prices in the coming months. Given that the Nov. elections are perilously important for Biden and his Democratic Party, this news couldn't come at a worse time. Reuters reported Thursday that major refinery outages are mainly to blame for the projected spike in US gas prices -- which already have increased 9 percent since the start of the year (averaging $3.412 on Thursday).It also cited other contributing factors. For one, according to Reuters, our stockpile of gasoline has fallen by 5.7 million barrels. In addition, drone strikes in Russia by Ukrainian forces have further affected our supply. "There is every reason to believe gasoline prices will screech even higher going forward," said Tom Kloza, head of energy analysis at Oil Price Information Service.