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Americans should brace for ‘real pain’ at the gas pump

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A spike in gas prices will likely begin in March, according to Patrick De Haan, the head of petroleum at GasBuddy. De Haan says all Americans may soon be facing California-esque gas prices.

Biden’s rising inflation could push gas prices for regular unleaded fuel to above $4 a gallon. “We’ll start to see gasoline demand surge, along with refiners doing maintenance ahead of the summer driving season, creating a squeeze” De Haan told Fox Business.

Earlier this month, GasBuddy projected the national average price for a gallon of gasoline could climb to a high of $4.13 in June. California cities could have average costs of over $5. Currently the nationwide average is $3.314 per gallon according to the American Automobile Association.

The highest-priced gas averages are $4.650 in California, and Texas sits at the lowest average of $2.942. Nonetheless, U.S. drivers are being warned to expect “real pain” at the pump when the spring travel surge begins.

Inflation is currently at the highest level in almost 40 years. Last week the Labor Department said the consumer price index has risen 7 percent over the last year. President Biden has called inflation “a global challenge” and attempted to claim the latest numbers are good news, point to a monthly rate of price increases around December.

After the report came out, Biden said, “Today’s report—which shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling—demonstrates that we are making progress in slowing the rate of price increases.”

“At the same time, this report underscores that we still have more work to do, with price increases still too high and squeezing family budgets” Biden did admit.

Daily Mail reports “nationwide, gas prices did drop 2.2 percent in December from the prior month, but remained 50 percent higher than a year ago. Food prices were up 0.5 percent on the month and 6.3 percent higher than a year ago, making it unclear what falling food prices Biden was referring to.”

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2 Comments

2 Comments

  1. Steven

    January 19, 2022 at 6:39 pm

    This is all intentional, to force Americans to switch from gas powered vehicles to electric.
    This is just the start. In five years, you may not be able to buy gasoline at all. This is the intent, and Hillary Clinton is planning to run for President. Her plan was to put a lot of coal miners out of work, so they (Democratic Party and climate activists) are going after coal, petroleum, and likely natural gas as well, switching completely to electric and renewables.

  2. Bill Halcott

    January 20, 2022 at 8:58 am

    Stop the lying thieving democrat war on energy if you want to stop inflation. Hyperstagflation next. Three more years of this. If we survive.

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Economy

Federal Reserve Economist on hidden camera: ‘we don’t want Trump to be in the government’

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Hidden Camera captures Principal Economist at the Federal Reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” According to hidden camera footage of Aurel Hizmo, principal economist at the Federal Reserve, the U.S. agency could have fixed inflation a while ago but refused to do so for fear of hurting President Joe Biden’s re-election efforts.

Hizmo told an undercover reporter that the Fed stopped raising the rates to tackle inflation because it could cause a recession that would likely end Biden’s 2024 campaign.

The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”

 

 

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