Anyone else notice a .30 cent spike in gas prices? Here's why.

[White 6]

To extrapolate further...if the Main Stream Media HAD investigated the Biden's...it's highly likely that he wouldn't have been the Democratic nominee! So would another Democrat been elected instead? One who wouldn't have had the debacle at our Southern border or the botched Afghan withdrawal? Someone who would have studied Economics in college and understood what causes inflation? With all due respect, White? The Democratic Party might very well not be in the shape it's in right now if Donald Trump didn't HAVE to make that call to Ukraine!

If you are asking, if I would have vote against him, if he had run as a Democrat, obviously, I would not have voted for him then, either. I have voted against gobs of Democrats, same as Republicans.

The afghan pull out, did not bother me. We should have been out, under Obama, and then Trump. I did not approve continuing to kick the can down the road. I hate the loss of the Army personnel killed by the suicide bomber, but waiting would not affect suicide bombers, and I have seen more troops die, in a state annual training cycle. Wearing the uniform is a dangerous job.

The cause of this inflation was the money dump, during Covid by the Trump administration and then the Biden administration, Trump administration having 4 years total term additional federal debt 37.7% vs 4 years of Biden adding 28.8%. Fiscally, not impressed with either one, though after the money dump, inflation spiked and was successfully reduced without a recession. I am 70 and have never seen that before. Never even read of it happening, and lived through the Carter/Reagan inflation of far higher rates for far more years, with the entailing recessions. Yes. I did OK in Econ in college, my notes passed around, going into syndication between day and night classes, so others could understand and just get by, though it got my ass investigated (cleared).

I'm not angry and I understand. She wasn't much of a candidate, and could not even say what she would have done different. And, I do wish him the best.

 

[The Duke]

If you are asking, if I would have vote against him, if he had run as a Democrat, obviously, I would not have voted for him then, either. I have voted against gobs of Democrats, same as Republicans.

The afghan pull out, did not bother me. We should have been out, under Obama, and then Trump. I did not approve continuing to kick the can down the road. I hate the loss of the Army personnel killed by the suicide bomber, but waiting would not affect suicide bombers, and I have seen more troops die, in a state annual training cycle. Wearing the uniform is a dangerous job.

The cause of this inflation was the money dump, during Covid by the Trump administration and then the Biden administration, Trump administration having 4 years total term additional federal debt 37.7% vs 4 years of Biden adding 28.8%. Fiscally, not impressed with either one, though after the money dump, inflation spiked and was successfully reduced without a recession. I am 70 and have never seen that before. Never even read of it happening, and lived through the Carter/Reagan inflation of far higher rates for far more years, with the entailing recessions. Yes. I did OK in Econ in college, my notes passed around, going into syndication between day and night classes, so others could understand and just get by, though it got my ass investigated (cleared).

I'm not angry and I understand. She wasn't much of a candidate, and could not even say what she would have done different. And, I do wish him the best.

Nah. EO 13990 and other Biden policies caused inflation. Look for that to turn around relatively quickly.

 

[Admiral Rockwell Tory]

I didn't actually like his real estate management, business practices, charity management or Trump University management, either, on the civilian side. And, of course, I would never want him alone with my granddaughter.

Don't get me wrong. I am prepared to, and have wished him the best of luck with the upcoming administration, as I would any President. I have no letter writing campaign to politicians to block him on congressional votes, or anything like that. I just didn't vote for him, ever, and know I was correct both times, including the first time, when I voted against Hillary, also.

We all know you would much prefer Biden with granddaughter. Right?

 

[White 6]

Nah. EO 13990 and other Biden policies caused inflation. Look for that to turn around relatively quickly.

Disagree.

 

[1srelluc]

I should have filled up by home where it was 2.89, but like an idiot I waited until I was near Mpls and it was 3.19.
30 miles can cost you here. Always cheaper in the northern exurbs.

Love how it takes weeks to drop a few cents, but any bullshit excuse puts it thirty cents up within hours.

Thank the internet and speculators for that shit. Supply isn't affected that quickly. It's all bullshit.

Oil prices started to spike on the 13th ($81.13) the day after FJB's edict. It's $80.73 today so it's coming down a bit.

The rule of thumb is a dollar rise in a barrel of oil translates to 25 cent increase per gallon of regular gas.

The balance of an increase is made-up of refinery/distribution costs.

 

[Admiral Rockwell Tory]

If you are asking, if I would have vote against him, if he had run as a Democrat, obviously, I would not have voted for him then, either. I have voted against gobs of Democrats, same as Republicans.

The afghan pull out, did not bother me. We should have been out, under Obama, and then Trump. I did not approve continuing to kick the can down the road. I hate the loss of the Army personnel killed by the suicide bomber, but waiting would not affect suicide bombers, and I have seen more troops die, in a state annual training cycle. Wearing the uniform is a dangerous job.

The cause of this inflation was the money dump, during Covid by the Trump administration and then the Biden administration, Trump administration having 4 years total term additional federal debt 37.7% vs 4 years of Biden adding 28.8%. Fiscally, not impressed with either one, though after the money dump, inflation spiked and was successfully reduced without a recession. I am 70 and have never seen that before. Never even read of it happening, and lived through the Carter/Reagan inflation of far higher rates for far more years, with the entailing recessions. Yes. I did OK in Econ in college, my notes passed around, going into syndication between day and night classes, so others could understand and just get by, though it got my ass investigated (cleared).

I'm not angry and I understand. She wasn't much of a candidate, and could not even say what she would have done different. And, I do wish him the best.

It should have. The lack thereof indicates strong moral failures in you. You laid it bare with your next stupid assertion. I am glad my son or daughter never served with anyone as disgusting as you appear to be.

 

[White 6]

We all know you would much prefer Biden with granddaughter. Right?

Ah, she's in great shape and could handle him. He's pretty feeble.

 

[The Duke]

Disagree.

You'll see.
Just nevermind Captain Salty over there, apparently he's gone crotchety for the evening.

 

[Man With A Plan]

Disagree.

You took Macro Econ? What causes inflation? Too much money chasing too few goods? What would you expect to happen if you did several Trillion dollars in Government spending just as the country was coming out of an extended lock down due to Covid and that was paired with serious supply chain issues, White?

To be blunt? This wasn't a Trump problem. This was a Biden problem.

 

[White 6]

You took Macro Econ? What causes inflation? Too much money chasing too few goods? What would you expect to happen if you did several Trillion dollars in Government spending just as the country was coming out of an extended lock down due to Covid and that was paired with serious supply chain issues, White?

To be blunt? This wasn't a Trump problem. This was a Biden problem.

That is exactly what I would expect. His and Joe's. The first biggest giveaway was under Donny before joe even beat him on election day.
I suspect, the Fed monetary policy actually had more to do, with taming the inflation, than Joe. Left alone, they are better at it now, than in the Carter/Reagan days, due to long experience dealing in the post gold standard economy after Nixon.

 

[Crepitus]

I commented last week how Biden's action could cause a spike in gas prices.....Well it wasn't long in coming was it?

https://conservativebrief.com/biden-order-88708/

President Joe Biden is making a change before he leaves the presidency that could saddle President-elect Donald Trump’s administration with higher gas prices.

He waited until now to enact new sanctions against Russia that are likely to raise prices at the pump as Trump prepares to take back the White House, and he would not answer questions about his reasons for it.

A reporter asked him at the press conferences why he waited so long to impose the sanctions, and did it right before Trump regained the presidency.

“Mr. President, you talked about gas prices coming down. You made today’s decision about sanctions against Russia. Are you concerned that that decision will perhaps lead to gas prices going up? And can you explain why those sanctions were imposed today and not earlier in the term?” the reporter said.

From what I understand Russia said "well FU", and cut their production.....Along with the Saudis planned 1 million a barrel cut it drove up the price and we are now paying for it.

Naw, they are just anticipating the disaster about to occur.

 

[Man With A Plan]

That is exactly what I would expect. His and Joe's. The first biggest giveaway was under Donny before joe even beat him on election day.
I suspect, the Fed monetary policy actually had more to do, with taming the inflation, than Joe. Left alone, they are better at it now, than in the Carter/Reagan days, due to long experience dealing in the post gold standard economy after Nixon.

When Trump left office, White...inflation was at 1.4%. How do you blame what happened later on Trump policy?

 

[Admiral Rockwell Tory]

You'll see.
Just nevermind Captain Salty over there, apparently he's gone crotchety for the evening.

Why are you interested in my crotch? I don't swing that way!

 

[cnm]

It went from $2.79 to $3.09 in just a couple of days here. It's still $2.99 in a couple of the less frequented stations.

Good thing the Saudis had nothing to do with it.

 

[The Duke]

Why are you interested in my crotch? I don't swing that way!

How did you know who Captain Salty was?

 

[White 6]

When Trump left office, White...inflation was at 1.4%. How do you blame what happened later on Trump policy?

The money from his money dump just started going out in late summer and fall, and large parts of the country going back out to spend it. Good time to raise prices to recoup on the business plan. But cheap money is like a drug, easily addicted to, and everybody wants their piece of the pie. Cupple that with oil and gas increased cost due to petrol industry not going back to full production until February, while all other foreign suppliers were curtailing theirs, and there you go, as the world economy trying to come back online. The perfect storm for inflationary spending and price increases, as the money flows back to the top. Petroleum prices is what spiked Carter's inflation, after the cartel embargoed the world.

 

[The Duke]

The money from his money dump just started going out in late summer and fall, and large parts of the country going back out to spend it. Good time to raise prices to recoup on the business plan. But cheap money is like a drug, easily addicted to, and everybody wants their piece of the pie. Cupple that with oil and gas increased cost due to petrol industry not going back to full production until February, while all other foreign suppliers were curtailing theirs, and there you go, as the world economy trying to come back online. The perfect storm for inflationary spending and price increases, as the money flows back to the top. Petroleum prices is what spiked Carter's inflation, after the cartel embargoed the world.

This isn't that long. I think the most relevant sections are 6 and 7.

https://www.govinfo.gov/content/pkg/FR-2021-01-25/pdf/2021-01765.pdf

^This goes bye-bye in 2 days. And 57 minutes.
itallstartedraghtdereboyitellyawut

 

[Man With A Plan]

The money from his money dump just started going out in late summer and fall, and large parts of the country going back out to spend it. Good time to raise prices to recoup on the business plan. But cheap money is like a drug, easily addicted to, and everybody wants their piece of the pie. Cupple that with oil and gas increased cost due to petrol industry not going back to full production until February, while all other foreign suppliers were curtailing theirs, and there you go, as the world economy trying to come back online. The perfect storm for inflationary spending and price increases, as the money flows back to the top. Petroleum prices is what spiked Carter's inflation, after the cartel embargoed the world.

Trump's "money dump" as you put it was necessary because the Covid lock downs had put millions of Americans out of work. That money simply replaced what would have been earned by Americans. What Biden did was totally different. He pumped Trillions into an economy that was coming out of the pandemic with built up demand and a serious supply chain problem. It was the perfect storm for run away inflation...something Larry Summers warned the Biden White House was going to happen!

 

[Admiral Rockwell Tory]

How did you know who Captain Salty was?

Haven't you used that in regard to me before? If not, I apologize. I thought it was just you being you.

 

[White 6]

Trump's "money dump" as you put it was necessary because the Covid lock downs had put millions of Americans out of work. That money simply replaced what would have been earned by Americans. What Biden did was totally different. He pumped Trillions into an economy that was coming out of the pandemic with built up demand and a serious supply chain problem. It was the perfect storm for run away inflation...something Larry Summers warned the Biden White House was going to happen!

Also true, but does not change the effect of the cheap bucks. Big Free Money = inflation, plain, simple and immutable as time. Don't forget the millions ripped off by companies that laid off and took the money, the people that blew the money and still didn't pay rent or mortgage as prevented from kicking people out. Car sale went like gasoline prices, and have not settle back yet, due to rachet effect. Now you have major car models with more than a year supply, as people unwilling to pay the huge increases for shittier product. You gotta love big business. They are predictable too.