Gas was $1.60 when Trump took over. It was $2.80 by the end of his second year. It stayed around that number til 2020 when Covid locked down the country and gas dropped. All these numbers can be verified on the Gas Buddy app. We’ve had back to back terrible presidents. That’s how we got here.$3.79 most places in Somerset on Wednesday for regular. Walmart does have regular at $3.75.
Still nearly $2 per gallon higher than it was under Trump. The higher fuel cost is being reflected in sky high food prices and a huge jump in durable goods (appliances, lawn mowers, etc.) prices.
Personally, I think we're due for even higher food prices as the elevated cost of fertilizer will finally impact consumers a little later in the year.
Inflation is the double whammy. Any raise in pay people saw in the last 18-24 months has been wiped away by higher prices. Meanwhile my investment portfolio has lost roughly 22%.
Thursday's GDP report should be interesting. A second consecutive qtr of negative growth and we're officially in a recession...irregardless of what the Biden administration would have you believe.
America was energy independent under Trump. In fact we were exporting it. That's where I want to be again. When you are independent you don't need to beg to foreign thugs and despots like we are now.Gas was $1.60 when Trump took over. It was $2.80 by the end of his second year. It stayed around that number til 2020 when Covid locked down the country and gas dropped. All these numbers can be verified on the Gas Buddy app. We’ve had back to back terrible presidents. That’s how we got here.
The Speedway went from $3.29 to $4.18 in a couple days! Two Krogers near me matched this price on a day oil is down 3% and now's below $88.There's a Speedway off 5th St and I-75 in Covington that's $3.29, over $1 less than a Sunoco on 13th St. and most places in OH.
We'll see what happens when our SPR runs out in a few months.I'm just glad we weathered the Putin Price Hike... although I guess Vlad should get the credit for recent drop as well.
We're exporting it now too. We net-exported more oil in April 2022 than we did in any month under Trump. In fact, we were a net exporter under Trump 14 of his 48 months in office. We've been a net exporter under Biden for 11 of his 16 months (oil import data only runs through May 2022).America was energy independent under Trump. In fact we were exporting it.
America is NOT energy independent. Did you miss the Biden fiasco's where oil producing countries refused to even take his call? His groveling to the corrupt Saudi's to increase production? His overtures to Venezuela?We're exporting it now too. We net-exported more oil in April 2022 than we did in any month under Trump. In fact, we were a net exporter under Trump 14 of his 48 months in office. We've been a net exporter under Biden for 11 of his 16 months (oil import data only runs through May 2022).
Will we see $2.00 gas again?