Gas is up
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Anonymous
| Paid $3.13 per gallon over the weekend. Now it’s $3.89. Been looking for a job for 8 months. Don’t go out to eat anymore. Groceries are more expensive and packaging is getting smaller. I am officially terrified. |
Anonymous
| The stock market is also crashing. |
Anonymous
| And you expect the billionaire president to care about that? |
Anonymous
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Gas, oil, natural gas going to go up quite a bit. We will see $4-5 a gallon soon.
This will lead to a global recession, not just USA. Interest rates and inflation will go up in coming months. |
Anonymous
| But remember, affordability is a hoax! |
Anonymous
Trump ran on affordability, which he now says is a hoax. Trump also ran on releasing the Epstein Files, which he now says is a hoax. Curious. |
Anonymous
As if Trump has ever sat behind the steering wheel of a car. The jackass would have a nosebleed if you asked him to pull a Radio Flyer wagon. |
Anonymous
Even better, I bet when he was a kid his parents demanded the nanny pull him around in a wagon all day. He's been entitled since. |
Anonymous
You should move to California. The sun will do you good..it's only $5 per gallon there! |
Anonymous
Anonymous
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Anonymous
Am I incorrect in thinking that interest rates go down in a recession? Don’t they want to encourage borrowing and spending? |
Anonymous
Generally speaking, yes, but the Fed will have to be more cautious with the pace of cutting their benchmark rate due to inflationary pressures that are still lingering from the COVID driven inflation. Don't expect to see rates as low as they were in 2021 anytime soon. |
Anonymous
Interest rates don't just go up and down automagically. They do whatever the fed governors and head of the fed decide at that time. They all have different views, techniques and ways of coming to a conclusion to raise or lower. Put briefly - it's an art, not a science with many inputs and outputs. If you're relying on the fed to save anyone, it's a bad assumption. |
Anonymous
42% of our electricity is generated from natural gas. Thanks to Trump and republicans we are exporting massive amounts of natural gas which is driving up the price of natural gas in the US. Wait till you get your electricity bill and gas bill. Meanwhile the rest of the world is quickly moving to solar, wind and batteries for their power. Australia has dropped the cost of electricity by 64% while growing its grid by 8.7% since 2023. Diesel and gasoline prices are going up. That will increase the cost of food and everything that is shipped. China has actually reduces its oil demand used in transportation with the adoption of EVs passenger cars, semi trucks and buses. Each EV on the road that replaces an ICE reduces oil demand by a factor of 2. If oil goes above $100 there now is an alternative that is cheaper. Hell when oil was $50 a barrel EVs were cheaper in the rest of the world and taking over the new car market. In 2025 excluding the US new EV sales were 25% of the new car market and projected to grow at 20%. If oil prices stay high the growth rate will increase. Look at Cuba. Trumps oil blockade is force them to install solar and use EVs. Cuba is flat broke. Trump and republicans will continue to keep inexpensive EVs, solar, wind and batteries out of the US and drive up energy prices. Hopefully there will be no gas lines in the US like in the 1970’s. |