Quote:
Originally Posted by FloridaHappy
Ocala/Marion County, FL went from $1.99/gal to $2.28/gal practically overnight.
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Yawn......
A steep drop in the cost of oil in the second half of 2018 caused price pressures to ease after a big runup earlier in the year. The cost of energy actually fell in 2018, reflecting the first yearly decline in almost 2½ years. That’s helping to keep overall inflation in the U.S. at bay. Aside from gasoline, prices also fell for plane tickets, used vehicles and prescription drugs in December. The cost of rent, groceries, household furnishings and medical expenses more broadly increased. Rising rent has been the biggest source of inflation in 2019. After adjusting for lower inflation, hourly wages jumped 0.5% in December to push the year-over-year gain to a healthy 1.1%. That’s the biggest increase in 2½ years, showing that most workers and their families are benefiting from the decline in gas prices and inflation more generally.
https://www.marketwatch.com/story/co...ows-2019-01-11
At $2.37/gal, gasoline prices (adjusted for inflation) are actually cheaper than was when Trump took office ($2.44/gal).
In fact, for almost all of Obama's presidency, gasoline prices were higher.
That's not easy to do during a recession when demand is low, but somehow Obama managed to pull defeat from the jaws of victory!
https://www.eia.gov/outlooks/steo/realprices/
Oh, and before I forget........ /thread
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