Skyrocketing Lumber Prices Have Increased The Average Price Of A New Home By $35,872 In 1 Year

Do any of you remember when you could buy an entire house for $35,000? There was a time in America when middle-class Americans could buy a house and have it paid off in just a few years. But now existing home prices have soared into the stratosphere, and lumber prices are making it ridiculously expensive to build new homes. As you will see below, skyrocketing lumber prices have driven up the average price of a new home in the United States by almost $36,000 over the past 12 months. That is absolutely nuts, but everyone agrees that even more inflation is on the way.

Of course, it isn’t just lumber prices that are going haywire. In California, the price of gasoline has almost reached five dollars a gallon in some areas, and the price for premium gasoline has almost reached six dollars

Gas prices continued to increase in or around Southern California for the ninth day in a row. And that appeared to be a similar trend nationwide where other states were seeing an increase as well.

The average price of a gallon of regular gas in the Beverly Grove area on Saturday was $4.99 and $5.99 for premium.

We are being told that one of the reasons why the price of gasoline is spiking is due to a lack of tank truck drivers

According to the National Tank Truck Carriers trade group, up to 25% of trucks are parked around the country because there are not enough qualified tank truck drivers. That number is up 15% from the beginning of last summer.

The demand for drivers took a hit when pandemic-induced lockdowns triggered steep declines in the gasoline market, and drivers opted for other jobs. However, the return to pre-pandemic numbers has been further undermined by unemployment benefits and stimulus checks keeping people away from jumping back into the workforce.

You can thank our politicians in Washington for this mess, and hopefully, the driver shortage will just be temporary.

But if you think that the price of gasoline is bad now, just wait until the big war in the Middle East officially starts.

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