Gas had dropped a penny or so since the last post, and oil had fallen over $4 from it's spike high, but just jumped back up a buck on the rumor that the Fed is considering another round of QE. Even though the QE that they are supposedly considering is going to be "sterilized" (it won't increase their balance sheet) the heroin junkie just perked up on the news of the next fix. Hence, stocks, and all risk, leaped with it.
Is it the "price of gas, stupid"?
- Thread starter Tsing Tao
- Start date
Celebrating bad news, and then misappropriating the cause, nice.
Obviously you do not get sarcasm. That's ok, you've also repeatedly ignored my commentary (in this very thread) saying that it's not Obama's fault, but the fault of Obama's Federal Reserve re-appointee. But regardless of who is the driving factor, Obama will suffer, as the sheeple will look to him to solve it. We reap what we sow.
In other (related) news, gas has never been this high on this day.
And if history is any judge, it's going to get a lot worse.
Credit: ZH Charts
In other (related) news, gas has never been this high on this day.
And if history is any judge, it's going to get a lot worse.
Credit: ZH Charts
$3.84 today, up a nickel from this time last week and a whopping 31 cents from last month! No inflation, right? The avg tank being about 15 gallons, then month over month sees an extra $4.65 a week, or ~$20 rise in monthly gas expenditures. About an 8% increase.
What's more important is that WTI is pushing back above $108 as I type this.
Even more hilarious is that the highest prices are in many of the states that tend to lean left.
That oughta piss them off. The lower prices are in states already likely to vote out the current administration.
What's more important is that WTI is pushing back above $108 as I type this.
Even more hilarious is that the highest prices are in many of the states that tend to lean left.
That oughta piss them off. The lower prices are in states already likely to vote out the current administration.
3 cents higher from Monday! $3.87 a gallon now.
This is the highest ever recorded price for March. Now that's change you can believe in!
A good read:
http://globaleconomicanalysis.blogspot.com/2012/03/highest-price-ever-of-gasoline-in-march.html
This is the highest ever recorded price for March. Now that's change you can believe in!
A good read:
http://globaleconomicanalysis.blogspot.com/2012/03/highest-price-ever-of-gasoline-in-march.html