Gas always goes up before summer.
When summer comes, it goes down again.
Then it goes back up in the fall.
It does this every year. DUH.
The only exceptions have been when Obozo Bin Laden and Beijing Biden jacked it up WAY over the limit, for their own corrupt agendas.
I love it how you guys are now saying as long as Trump doesn't jack gas up to pandemic levels, he's doing okay.
You must be a fuching moron.
- President Donald Trump said he will blockade Iran until it agrees to a nuclear deal.
- But it could take a while before the regime feels enough economic pressure.
- Iran has enough oil storage to buy it at least a month and maybe longer, analysts say.
- This gives Tehran time to ramp down production without damaging its fields, they say.
Locked in a standoff with Iran that will break only when economic pain is no longer tolerable, President
Donald Trump may have to maintain his naval blockade against Iran for weeks — forcing serious economic consequences on the world.
The oil supply shock, meanwhile, grows worse every day Iran keeps the strait closed, putting pressure on the U.S. as the global economic damage mounts.
“The question for me is who has a longer runway — Trump or Iran,” said Fernando Ferreira, the head of Rapidan Energy’s geopolitical risk service.
Core inflation hit its highest level since November 2023.
“This is a split-screen economy,” said Heather Long, chief economist at Navy Federal Credit Union. “Companies and investors involved in AI are on fire. Meanwhile, middle and moderate income households are struggling with high gas prices and inflation that’s back at the hottest level in three years.”
The inflation report indicated that the bulk of the price pressure came from goods, which rose 1.4%, boosted by an 11.6% surge in energy goods and services. Services prices overall rose 0.3%.
The rise in energy prices appeared to cut into inflation-adjusted consumer spending.
According to the GDP tally, personal spending increased just 1.6% for the month as outlays for goods decreased 0.1%. Real final sales to private domestic purchasers, a more detailed yardstick for consumer demand, accelerated 2.5%. Spending had a tail in the first quarter: personal consumption expenditures jumped 0.9% in March, pushed by leaping prices at the pump, which are now above $4 a gallon.
A 4.4% increase in government spending, including a 9.3% rise at the federal level, also contributed to the quarterly gains.
nypost.com
