Average Gas Price Just A Penny Shy Of $5.00 A Gallon
Gas is over $5.00 a gallon in 20 states and just under $5.00 in many others.
The price of crude fell on Friday in the major market selloff, so it may be a while before prices top $5.00 nationally.
Biden Warns U.S. Inflation Could Last 'For a While'
Biden warns U.S. inflation could last 'for a while' https://t.co/baaI5oPpEs pic.twitter.com/z7RLt07lJm
— Reuters (@Reuters) June 11, 2022
Putin's Tax
Biden says 'Putin's tax on both food and gas' is to blame for record-high inflationhttps://t.co/ahiV2EbyNu
— Fox News (@FoxNews) June 11, 2022
I Won't Blame Others
BIDEN: I HOPE CONGRESS TAKES ACTION ON SHIPPING COMPANIES' PRICE INCREASES
— zerohedge (@zerohedge) June 10, 2022
Inflation is now the fault of:
Putin
Climate change
Oil companies
Profiteering corporations
The Fed
Shipping companies https://t.co/pzN81LBJGE
Who's Running the Show?
As Joe Biden said in 2020, “Milton Friedman isn’t running the show anymore.” It shows, write Prof. @steve_hanke and John Greenwood in a letter to the editor. https://t.co/4KZF6pePeJ
— Wall Street Journal Opinion (@WSJopinion) June 10, 2022
In the Clearly Delusional Department
My unpopular take for today is Joe Biden has done a good job as president. US inflation is similar to that in our peer nations, the job market is stronger, and inflation is almost entirely driven by pandemic and war-related factors that no US policymaker can control.
— Ian Millhiser (@imillhiser) June 7, 2022
Regarding Tools
This might be one of the dumber statements ever as it raises the question if the Fed has the tools to fight inflation, why hasn't it use them already. Since it appears they haven't been used, why hasn't WH said exactly which tools should be used and how to deal with inflation? https://t.co/Oba79Qjysr
— Richard Field (@tyillc) June 10, 2022
Questions of the Day
- If the Fed has the tools to fight inflation, why hasn't it use them already?
- Since it appears they haven't been used, why hasn't WH said exactly which tools should be used and how to deal with inflation?
Map source: For an interactive map updated daily, see AAA Gas ...
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