Showing posts with label gasoline. Show all posts
Showing posts with label gasoline. Show all posts

Friday, November 17, 2023

Gasoline averaged $2.48825/gallon for the four years 2017-2020, which Obama infamously said was impossible

Add in 2015 and 2016 and it averaged $2.42383.

In October 2023 under Obama 2.0 Americans pay 56% more than that.

 



Tuesday, November 14, 2023

Dim bulb Jonathan Martin says Joe should heave Bidenomics into the dumpster just as broad inflation tanks from 3.7% yoy in September to 3.2% yoy in October

Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave “Bidenomics” into the dumpster. Attempting to make voters believe something they don’t is folly. Attaching your name to that strategy borders on masochistic.

Here’s How Biden Can Turn It Around

Joe would be well on his way to re-election right now if he weren't shooting himself in the foot with his stupid green energy policies, which are keeping inflation from coming down harder than it already is.

That's what needs to go in the dumpster.





Saturday, August 12, 2023

Friday, July 28, 2023

Headline pce inflation of 3% year over year is driven lower by the collapse in energy prices, mostly natural gas not gasoline

Natural gas is twice as important as gasoline for America's energy needs.

eia.gov says the United States used 369 million gallons of gasoline per day in 2022. That's the equivalent of 13 billion kWhr/day last year.

America also consumed 88.52 billion cubic feet of natural gas per day in 2022. That's the equivalent of 26.88 billion kWhr/day last year, 2.06 times as much.

Gasoline is down 14.6% in 1H2023, natural gas 60.5%.



 



Monday, August 15, 2022

Jimmy Carter may very well be as upset as the next guy from Tehran that Sir Ahmed Salman Rushdie [Ibn Rushd] has survived the knife attack

 Jimmy Carter doesn't have to work too hard to be unlikable, but he does it anyway.

Rushdie for his part, like Rush Limbaugh, is a serial monogamist who can't seem to find a wife he likes, or who likes him.

Or maybe the wives just couldn't stand living under the cloud of the Ayatollah's 1989 fatwa, after which Rushdie divorced three times.

Carter threw gasoline on the fatwa fire with this piece in the paper of record not even three weeks after the fatwa was issued.

 



Thursday, June 16, 2022

Today's inflation-adjusted price of gasoline from 1918 is $4.84, but we're averaging record prices well north of $5.00

 Calculator here:

We estimate it would take $4.84 on June 16, 2022 to have equal purchasing power with $0.25 on June 16, 1918.

For the 1918 price, see here.

You can see from this chart that the price of gasoline in 1918 was indeed about $0.25. Wholesale prices averaged about 20.6 cents in 1918.

As of three days ago the official government average actual price at 900 retail outlets was $5.107.

GasBuddy has the USA average at about $5.03 this morning.

Sunday, June 12, 2022

LOL, the blog of the St. Louis Fed gaslights you on gasoline prices by jumping through hoops to make the current outrageous prices disappear

 While nominal gas prices have increased rapidly over the past few months, real gas prices were still lower than they were for most of the 2006-2014 period.

More in "Gaslighting gas prices", April 21, 2022.

They don't pay those economists the big bucks for nothing:

[W]e compute by dividing the nominal price by the consumer price index (CPI) and multiplying by 127.5, the value of the CPI in January 1990.

Talk about gaslighting.

Look, US Regular All Formulations (GASREGW), which is what the blog post used, peaked around the 4th of July in 2008 around $4.11/gallon. 

Here's what a popular inflation calculator says about that:

We estimate it would take $5.54 on June 12, 2022 to have equal purchasing power with $4.11 on July 4, 2008.     

Just using a simple CPI calculator here puts $4.11 in 2008 at $4.94  . . .  already IN 2020.

We are mostly certainly paying the highest prices ever for gasoline.

Be happy, right? At least we're not Hong Kong.

 


 


Friday, June 3, 2022

Gasoline is quickly approaching the 2008 inflation-adjusted high of $5 per gallon

 Just after filling up yesterday at the corner for $4.79, the price was raised to $4.99.

 





Saturday, August 14, 2021

Michigan is increasingly like a third world shit-hole: Day four without electrical power from Consumers Energy, over 81k still affected

My electric power went out Tuesday night at about 11pm.

It is still out.

Over 81,000 customers, just of Consumers Energy, remain without power four days after a line of storms came through.

The utility runs ads on the radio incessantly saying "Count on us"!

It spends more time and money trying to get consumers to curtail electric usage than it does providing it.

It decommissions coal fired generating capacity and then turns around and buys electricity from Indiana. Under Democrat Gretchen Whitmer we are increasingly like California. 

The utility is a cruel joke, especially this week as humidity levels soared with the heat. Indoor temperatures at night above 80 degrees F make for miserable sleeping, when sleeping occurs at all.

The air is full of the sound of generators, day and night. Lines are long at gasoline stations where people wait to fill their cans to get them through another night.

Green energy isn't green, and the power company doesn't provide it, green or otherwise.

 


 

Thursday, May 13, 2021

I'm so old I remember when AIDS was going to wipe out America

"In 2017, 16,358 people with HIV died, and 5,534 of those deaths were from HIV-related causes." 

COVID-19 has wiped out that many since April 18th.

A gasoline pipeline hack, inflation, and Liz Cheney are bigger news.

Thursday, December 26, 2019

Hey Hey, Ho Ho, private homeownership has got to go, says anti-American Commie UCLA professor in The Nation



[W]e need to do more than upgrade the powerlines or stage a public takeover of the utility companies. We need to rethink the ideologies that govern how we plan and build our homes. ... The valorizing of homeownership and property rights results not only in increased exposure to climate-change-fueled fires, but also in our inadequate responses to them. ... This is the Jeffersonian agrarian ideal, transmuted through the urban, petrochemical century. Cheap energy—both the monetary price of subsidized gasoline and the hidden costs of fossil fuels—and the idealization of individual homeownership have created the scorching landscapes we face today. Cheap energy is untenable in the face of climate emergency. And individual homeownership should be seriously questioned. ... Even with the threats of climate change and rampant fire looming, the ideals of the American dream that have been instilled for more than 150 years will be difficult to dispel. ... We need another kind of escape route—away from our ideologies of ownership and property, and toward more collective, healthy, and just cities.