Price Inflation Check: Gasoline Prices Higher Than a Year Ago
On Thursday, the average price per gallon for regular gasoline stood at $3.474, up about 5 cents from a week ago, according to AAA’s Daily Fuel Gauge Report. Prices are also 64 cents a gallon higher than a year ago, AAA data showed.
The banksters want gas at $5 per gallon in order to cause higher general price inflation but they have to rise slowly as to not kill the economy further...A barrel of crude costs $3 to get out of the ground yet the bankster/political terrorist cartel have inflated the price to $88.
Here in southern California gas prices bounce up and down seasonally. My understanding is that gasoline is also a product of a very heavily subsidized and regulated sector. So I guess I question of these snapshots of pricing as proof of more immediate inflationary trends.
If crude only cost $3 to get out of the ground and could be sold for $88 we'd be swimming in the stuff and everyone and his brother would be putting pumps into the ground.
The truth is it doesn't cost $3. And that your math doesnt even include transport cost, refining cost, cost of capital, labor, tax etc.
Your bologna stinks around here. Try OWS instead. They'll buy what you're selling.
Correction to my 2:47 pm post here (EDITS IN CAPS):
Here in southern California gas prices bounce up and down seasonally. My understanding is that gasoline is also a product of a very heavily subsidized and regulated sector. So I guess I question THE USE of these snapshots of pricing as proof of more immediate inflationary trends.
The banksters want gas at $5 per gallon in order to cause higher general price inflation but they have to rise slowly as to not kill the economy further...A barrel of crude costs $3 to get out of the ground yet the bankster/political terrorist cartel have inflated the price to $88.
ReplyDeleteHere in southern California gas prices bounce up and down seasonally. My understanding is that gasoline is also a product of a very heavily subsidized and regulated sector. So I guess I question of these snapshots of pricing as proof of more immediate inflationary trends.
ReplyDelete@anon 2:41
ReplyDeleteIf crude only cost $3 to get out of the ground and could be sold for $88 we'd be swimming in the stuff and everyone and his brother would be putting pumps into the ground.
The truth is it doesn't cost $3. And that your math doesnt even include transport cost, refining cost, cost of capital, labor, tax etc.
Your bologna stinks around here. Try OWS instead. They'll buy what you're selling.
Explain why oil went from $149 to $40 a barrel without any increase or decrease in usage or supply.
ReplyDeleteMaybe you are smelling your own feet.
Correction to my 2:47 pm post here (EDITS IN CAPS):
ReplyDeleteHere in southern California gas prices bounce up and down seasonally. My understanding is that gasoline is also a product of a very heavily subsidized and regulated sector. So I guess I question THE USE of these snapshots of pricing as proof of more immediate inflationary trends.
Tillerson stated it was about $7 per barrel.
ReplyDeleteNo change in usage? Maybe not here, but have you heard of the emerging markets?
ReplyDelete