Add in 2015 and 2016 and it averaged $2.42383.
In October 2023 under Obama 2.0 Americans pay 56% more than that.
Add in 2015 and 2016 and it averaged $2.42383.
In October 2023 under Obama 2.0 Americans pay 56% more than that.
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.
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%.
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.
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.
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.
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.
"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.