You ain't nothin' but inflation rising all the time
(My new American Thinker post)
A few posts back, I introduced you to my Economics Professor, that very nice man from Korea who always made a lot of sense. He once explained the connection between gasoline prices and inflation by saying “People gotta go.” We laughed but we knew what he was saying. People need gasoline to move and truckers need to fill up to deliver the goods.
The August inflation figure is out and gasoline prices are in the middle of it again.
This is the story:
Gasoline prices rose 10.6% compared to July and fuel oil prices jumped 9.1%, according to the federal government. That drove up transportation costs. Both commodities cost less than they did a year ago, however. Sarah House, senior economist for Wells Fargo, told NBC that gas prices usually fall in August as consumers start to drive less, but this year was a break from that pattern because of cuts in OPEC oil production. That made for a notable increase in gas prices.
Home prices and rents have also been major contributors to persistent inflation, and in August, the BLS’ shelter index climbed 7.3% from a year ago.
So gasoline prices are up because of cuts in OPEC production? Really? What are we doing buying their oil anyway? Don’t we have any?
And home prices and rent are major contributors? There goes the family budget, and everything else such as increases in consumer, credit card and auto loan delinquencies!
What do we do now? Well, the administration is cutting production of Alaska oil and gas leases. Talk about being out of touch with reality. We have all of the energy in the world and the Biden administration wants you to drive an electric car you can’t afford and think about climate change.
In the meantime, “we gotta go” like my Professor used to say and this inflation is rising all the time.
P.S. Check out my blog for posts, podcasts and videos.
Source: http://cantotalk.blogspot.com/2023/09/you-aint-nothin-but-inflation-rising.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,684,987,247 |
| Stories: | 8,381,727 |
Whistler Blowers, Insiders
