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Inflation Surges to Four-Decade High



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An inflation surge has once again created a four-decade high. The Bureau of Labor Statistics reported Thursday that the Consumer Price Index released the cost of average household of goods increased over 7.9% over the last 12-month period ending in February.

Increases in the prices of gasoline, housing, and food contributed the most to the spike. Gasoline spiked 6.6% in February and contributed to nearly a third of all the items’ monthly increase.

The U.S. Bureau of Labor Statistics released Thursday morning that “increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase.”

“The food index rose 1.0 percent as the food at home index rose 1.4 percent; both were the largest monthly increases since April 2020” when the pandemic was freshly at its peak. “The 12-month increase has been steadily rising and is now the largest since the period ending January 1982” reports the Bureau of Labor Statistics.

“The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982.” Furthermore, “the energy index rose 25.6 percent over the last year, and the food index increased 7.9 percent, the largest 12-month increase since the period ending July 1981.”

National Review writes:

Persistent supply and demand imbalances left over from the pandemic, as well as the war in Ukraine and western countries’ sanctions retaliation against Russia, are pushing up the price of energy and other commodities. The Biden administration has come under fire for winding down domestic energy production, starting with the cancellation of the Keystone Pipeline XL project as one of the president’s first orders of business, leaving the U.S. beholden to quasi-dictatorships abroad for oil and gas.

White House press secretary Jen Psaki insisted last week that at the heart of reducing dependency on foreign energy is investing in alternative, green energy here. Russia has been accused of undermining fossil-fuel production in the West, stoking climate change alarmism via woke capitalism, to make it more reliant on Russian energy.


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  1. Julia

    March 10, 2022 at 5:41 pm


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With gas prices at record highs, Biden CANCELS gas lease



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“We did it, Joe” memes of Vice President Kamala Harris and Joe Biden are popping up all over social media alongside individuals photographs of the horrendously high prices they have to pay at the gas pump to fill their cars.

Biden has no intention of fixing it, as proven by the administration’s recent decision to actually cancel an oil and gas lease win the Gulf of Mexico and Alaska’s Cook Inlet.

This is nothing short of purposeful destruction of America. The Interior Department told The New York Post that the Cook Inlet lease sale would not move forward because of a “lack of industry interest in leasing in the area.”

In the Gulf of Mexico, the department canceled two lease sales, citing “conflicting court rulings that impacted work on these proposed sales.”

The timing is outrageous, considering “as of Thursday morning, the national average price of a gallon of regular gas stood at $4.418, according to AAA — the highest on record and $1.41 higher than at this time last year.”

Additionally, the scenario also displays just how much federal judges tend to completely disagree with his actions. “Biden imposed a moratorium on the sale of new leases one week after his inauguration, but the order was later blocked by a Louisiana federal judge who granted a preliminary injunction to 13 states that claimed they would suffer ‘irreparable injury’ from the White House move” writes The Post.

At least federal judges are watching out to keep our country afloat, let along thriving, considering our own President and Vice President will not.

Republicans and energy industry representatives are fuming over the decision. “Yesterday, Americans paid the highest price for gasoline in history,” tweeted Sen. Marco Rubio (R-Fla.). “At the same time Biden just canceled our largest pending American oil & gas lease sale.”

“Gas prices are at a record high, and Biden just canceled oil and gas leases in Alaska and the Gulf,” added Sen. Tom Cotton (R-Ark.). “Joe Biden is directly responsible for the high cost of gas.”

“It’s almost like the Biden administration WANTS gas prices to go higher” said Pennsylvania US Senate GOP candidate Carla Sands

“The President has spoken about the need for additional supplies in the market, but his administration has failed to take action to match that rhetoric,” Frank Macchairola of the American Petroleum Institute told CBS News, calling the cancellations “another example of the administration’s lack of commitment to oil and gas development in the US.”

“In the kind of price environment that we’re seeing, there are negative consequences to shutting off oil and gas development, both politically and practically,” he added.

If the administration had moved forward with the Alaskan lease, it would have covered more than 1 million acres, according to The Hill.

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