We're on day 24 of fuel prices lowering in the U.S., so we're going to give credit to Biden for that, right?
We're going to remember that the inflation is around 8% and everything beyond that is price gouging due to pure corporate greed, right?
Of course not.
July 10, 2022: Big Gender 29
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grabachair
- Posts:33
- Joined:Wed Jun 26, 2019 12:31 pm
Re: July 10, 2022: Big Gender 29
The inflation index is a 'basket of goods' approach to inflation that gives a baseline average increase in price. It is the average, meaning that a single sector (like energy) can go up dramatically and it gets balanced out against hundreds of other products in the basket. This is why the Inflation Index is up 8%, but gas is up over 100% in the past 2 years.
For more information, see here: https://www.forbes.com/advisor/investin ... inflation/
Also, the President usually has very little he can do to truly lower prices, but in this case Biden's energy policies have certainly raised them. He has:
- Killed pipeline deals
- Tried to kill all offshore and federal land drilling
- Refused any new permits for drilling on federal land
- Encouraged false rhetoric - 'Price gouging!' - that has made its way into the mainstream media narrative
See more here: https://www.washingtonexaminer.com/opin ... gas-prices
For more information, see here: https://www.forbes.com/advisor/investin ... inflation/
Also, the President usually has very little he can do to truly lower prices, but in this case Biden's energy policies have certainly raised them. He has:
- Killed pipeline deals
- Tried to kill all offshore and federal land drilling
- Refused any new permits for drilling on federal land
- Encouraged false rhetoric - 'Price gouging!' - that has made its way into the mainstream media narrative
See more here: https://www.washingtonexaminer.com/opin ... gas-prices