Pat Riot Posted March 14 Share Posted March 14 I read an article blaming the president for gas prices climbing. While I despise the man I don’t think it’s his fault, but the fault of the petroleum companies and their speculators. You see, there’s an eclipse coming and literally millions of people will drive or even fly to see it. That’s why I think gas prices are going to go up. What do you think? 2 1 Link to comment Share on other sites More sharing options...
Warden Callaway Posted March 14 Share Posted March 14 BS 1 Link to comment Share on other sites More sharing options...
Chantry Posted March 14 Share Posted March 14 I saw something that it was due to the refineries moving from the "winter" to "summer" blend 1 Link to comment Share on other sites More sharing options...
Sgt. C.J. Sabre, SASS #46770 Posted March 14 Share Posted March 14 (edited) Gas prices are going up because Bidenflation is at it again. There may be other factors at work for gas prices, but the reality is that ALL prices are going up. Again. From an article in Newsmax: Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.6% from January to February, up from a 0.3% rise the previous month. Measured year over year, producer prices rose by 1.6% in February. The figures could present a challenge for the Fed, which is counting on cooling inflation as it considers when to cut its benchmark interest rate, now at a 23-year high. The Fed raised rates 11 times in 2022 and 2023 to fight high inflation. A rate cut by the Fed could boost the economy and financial markets because it would likely ease borrowing costs over time for mortgages, auto loans and business lending. Thursday's data also showed that underlying inflation also picked up last month. Excluding volatile food and energy costs, “core” wholesale prices rose 0.3%, down from a 0.5% jump the previous month. Compared with a year ago, core prices climbed 2%, the same as the previous month. Core inflation, which tends to provide a better sign of where inflation may be headed, is watched particularly closely. Full article here: https://www.newsmax.com/finance/streettalk/inflation-wholesale-prices/2024/03/14/id/1157240/ Edited March 14 by Sgt. C.J. Sabre, SASS #46770 1 Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted March 14 Share Posted March 14 Inflation was started by all the pandemic fueled giveaways of 2020, pre Biden. Link to comment Share on other sites More sharing options...
Sgt. C.J. Sabre, SASS #46770 Posted March 14 Share Posted March 14 4 minutes ago, Marshal Mo Hare, SASS #45984 said: Inflation was started by all the pandemic fueled giveaways of 2020, pre Biden. Inflation has been around a bit longer than that. Remember the Carter years and the Misery Index. 1 Link to comment Share on other sites More sharing options...
Rye Miles #13621 Posted March 14 Share Posted March 14 That jerk in the White House is to blame for ALL high prices! It started on day one of his term! 1 Link to comment Share on other sites More sharing options...
Sgt. C.J. Sabre, SASS #46770 Posted March 14 Share Posted March 14 Just now, Rye Miles #13621 said: That jerk in the White House is to blame for ALL high prices! It started on day one of his term! The policies he promotes are. I don't claim to know WHO'S behind them. 2 Link to comment Share on other sites More sharing options...
Texas Joker Posted March 14 Share Posted March 14 1 1 Link to comment Share on other sites More sharing options...
Cypress Sun Posted March 14 Share Posted March 14 Corporate (oil companies/speculators) greed and idiotic government policies from both the present and past administrations. Link to comment Share on other sites More sharing options...
Pat Riot Posted March 14 Author Share Posted March 14 This thread was about fuel prices not everything else under the sun. I have requested the Mods lock it. 3 2 Link to comment Share on other sites More sharing options...
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