Topping off forbidden via 1970s style.
They say it’s only transitory.
They say it will be gone a little while. That's what they tell us. That's what they say.
It's so easy to be smart when you repeat the Federal Reserve's part not to worry, not to fret, the best is ahead yet.
Meanwhile, "GasBuddy's head of petroleum analysis Parick De Haan says that while the U.S. is ‘somewhat insulated,’ Europe and Asia will have a challenging year for gas prices."
'Somewhat insulated" is certainly reassuring, too.
And that ain't all. Only 8 states have prices below $3 a gallon. Last time we divided 50 into 8 it came out 16%. Is that a numeral too small to have any significance? Don't ask an academic economist.
The current administration wants the Saudis to pump more oil. They certainly don't want to send those jobs down to Texas. That should be telling enough for you, create more workers with decent paying jobs who will likely spend some of that money in the U.S.
They are also considering banning U.S. oil exports when prices for the black gold are soaring.
Try hard. You can figure that one out. All those deep production cuts are hardly owing to the pandemic.
But don't expect to see anything about that in MSM.
Where's that next station?
"Gas prices have jumped across the nation as oil prices reach a 7-year high, leaving only eight states with prices under $3 per gallon.
"The average price of gas across the nation stands at about $3.25 per gallon after jumping from 5.2 cents from a week ago, according to Patrick de Haan, head of petroleum analysis for GasBuddy.
"Prices are up 7.5 cents compared to a month ago and up more than $1 from a year ago, according to GasBuddy data compiled from more than 150,000 gas stations across the country. Source .
"Diesel, meanwhile, is up more than 10 cents compared to last week and stands at $3.45 per gallon, according to the data.
"Oil prices rose to their highest level in seven years last week with the prices of West Texas Intermediate crude oil surpassing $80 per barrel, De Haan said. "At the same time, "the nation’s gas prices were also pushed to their highest since 2014, all on OPEC’s decision not to raise production more than it already agreed to in July," said De Haan.
"That decision "caused an immediate reaction in oil prices, and amidst what is turning into a global energy crunch, motorists are now spending over $400 million more on gasoline every single day than they were just a year ago," De Haan continued.
"Now, just eight states have average prices under $3 per gallon — Oklahoma, Mississippi, Texas, Arkansas, Louisiana, Kansas, Alabama and Missouri, according to De Haan.
"The most common gas price encountered in the nation is $3.09 per gallon. Previously $2.99 "held the title for nearly all of the late spring and summer," De Haan tweeted.
"The problems continue to relate to a surge in demand as the global economy recovers, combined with deep cuts to production from early in the pandemic," De Haan said. "If Americans can’t slow their appetite for fuels, we’ve got no place for prices to go but up."
Besides, gas prices and other related commodities soaring, much, much more might be on the surprise list this coming winter when it comes to shortages.
Remember, it's been said: Better to ask for forgiveness than permission.
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