Wasting Away Again In Bidenville! Core Inflation Rate UP 244% Under Biden, Food UP 46%, Gasoline Prices UP 60%, Rental Growth UP 268% As Biden/McCarthy Negotiate

by confoundedinterest17 The US middle class is wasting away in Bidenville. While Climate Envoy John Kerry threatens to seize farms in the name of … climate change? The moral hazard problems associated with farm seizures boggle the mind. So, everyone keeps …

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Gas Prices Set To Soar As Crack Spread Jumps On Tightening Fuel Supplies (Gasoline Prices UP 45% Under Biden, Diesel Prices UP 77%, Strategic Petroleum Reserve DOWN -47%)

by confoundedinterest17 U.S. oil refining margins, also known as the 3-2-1 crack spread, jumped to a three-month high on Tuesday — and that’s an indication the country faces an ongoing product shortage that might lead to higher gasoline and diesel …

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Drivers To See Highest Thanksgiving Gasoline Prices Ever While Diesel-To-Gasoline Spread Soars (Food Prices UP 49% Under Biden, Diesel Prices UP 102%)

by confoundedinterest17 As Americans prepare to hit the road for Thanksgiving, average gas prices will be at their highest seasonal level ever, according to GasBuddy. GasBuddy says the national average is projected to stand at $3.68 on Thanksgiving Day. This is nearly …

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EU Finalizes Ban On Gasoline And Diesel Cars From 2035

By Irina Slav The European Union has finalized an agreement to phase out internal combustion engine cars by 2035 by enforcing a zero-emission regulation on carmakers in the bloc. National government negotiators, the European Parliament, and the European Commission all …

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Diesel & Gasoline Shortage on US East Coast Is Latest Fuel Supply Crisis

The fuel crisis on America’s East Coast is deepening as terminals running low on diesel are now down on gasoline, too Regional gasoline stockpiles are the lowest since 2007 Backwardation limits resupply while imports have slowed https://www.bloomberg.com/news/articles/2022-10-26/gasoline-shortage-hits-us-east-coast-already-short-on-diesel?utm_content=energy&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid==socialflow-twitter-energy&leadSource=uverify%20wall

US Mortgage Rates Rise To 7.04% As Housing Market Chills (WTI Crude And Gasoline Prices On The Rise Again As Biden Fails To Convince OPEC To Pump More Oil)

by confoundedinterest17 Under “Nuclear Joe” Biden, the US is truly the land of confusion. As the Biden Administration touts “affordable housing,” we are seeing the 30-year mortgage rate rise above 7% as The Federal Reserve fights inflation … caused by the …

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Why Is Everything I Consume Going Up By >10% When The Inflation Rate Is “Only” 6.3% YoY? (Under Biden, Gasoline Is UP 55%, Foodstuffs UP 47%, Electricity UP 957%, Rents UP 12.5% YoY)

by confoundedinterest17 According to the BLS, US core inflation is 6.3% and headline inflation is 8.3% YoY. But everything I consume seems to be going up at a much faster rate? Under Biden, regular gasoline price is UP 55%, CRB Foodstuffs …

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Green Sacrifice! Ford Plans Up to 8,000 Job Cuts to Help Fund Investments in EVs (Gasoline Prices UP 55% Under Biden, Food UP 22%, Mortgage Rates UP 87%)

by confoundedinterest17 This is green sacrifice. Of jobs, that is. Ford Motor Company plans to sacrifice 8,000 jobs to help fund investments in electric vehicles. The job cuts will come from internal combustion gasoline vehicles. Transportation Secretary “Mayor Pete” Buttigieg loves high …

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U.S. Gasoline Prices Set To Fall Below $4

by Boo_Randy Unemployed workers in our Biden “recovery” won’t be doing much driving. https://oilprice.com/Latest-Energy-News/World-News/US-Gasoline-Prices-Set-To-Fall-Below-4.html Gasoline prices in the United States fell to a national average of $4.605 on Thursday, with GasBuddy’s Patrick de Haan saying we should see that drop …

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Record UK Gasoline Prices See Biggest Daily Surge In 17 Years

by Boo_Randy The Keynesian fraudsters at the BoE can’t print petrol. https://oilprice.com/Latest-Energy-News/World-News/Record-UK-Gasoline-Prices-See-Biggest-Daily-Surge-In-17-Years.html 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, …

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John Rubino: Let them eat gasoline!

Dollar Collapse – Twitter, Released on 6/8/22 Shocking and reVOLTING: Let them eat gasoline. (She doesn't need it, so no one does. One wonders, though, if her half brain cell has asked where the already overburdened electrical grid is going …

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Yellen: U.S. faces ‘unacceptable levels of inflation’… JPM: Despite the 50% rise in US gasoline prices, and 88% in EU, there is likely another leg higher due to a lack of global refining capacity.

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. During a Senate Finance …

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