(Rallying Patriots) – Gas prices are now skyrocketing across the whole country, going up by an average of 33 cents over the last month. This is yet another fantastic accomplishment from the current Biden administration and surely sets the stage for what we can expect to happen in the near future with practically everything else.
Who isn’t thrilled by the prospects of the next four years? Hope you could pick up on the bitter sarcasm in all this because it was applied liberally.
According to Infowars, the average price for gas right now in America is $2.796 for regular, which is an increase from the $2.469 it was throughout the month of February. Around April of last year the average price for gas was sitting right around $2.00 a gallon. However, one does need to take into consideration the fact that the lockdowns from COVID-19 had just started and less Americans were traveling, thus the demand for gas was lower.
But the surge happening right now is definitely out of proportion with the slight increase in travel taking place this year. A good example of this is that the average price for gasoline in Texas was only $2.20 a month ago, but is sitting at $2.57 right now.
This is what happens when you have a dependence on foreign oil instead of refining the resources you have in your own backyard.
“Is this Biden’s fault? Hard to say but stirring the pot in the Middle East, closing the Keystone Pipeline, discouraging investment in fossil fuels, and banning fracking on government land probably didn’t help supply (although seasonality and the Texas storm also impacted in the short-term, and of course OPEC+),” ZeroHedge noted.
When you combine the rising cost of gas with the increased price of groceries, it becomes clear that we’re head for another “stagflation” era like the one our nation experienced back in the 1970s where living expenses were on the rise because of inflation while wages and salaries remained stagnant.
And we can certainly expect more inflation since Congress has now passed the $1.9 trillion COVID stimulus package, which means the government will be printing more money and devaluing the currency further.
“The combined $6 trillion price tag on the COVID-19 stimulus packages OK’d by Congress, including Wednesday’s $1.9 trillion Biden bill, will cost taxpayers the equivalent of $17,000 each, or $69,000 per family, according to a new analysis,” a report from the Washington Examiner said.
“What’s more, the new package set for House approval on Wednesday sets aside billions of dollars for non-COVID-19 relief and adds to the nearly $1 trillion in unspent money approved in earlier coronavirus bills,” the report continued.
Folks, this is more proof that Democrats simply do not understand the fundamentals of economics, which is why every time a Democrat is president, things shift sideways and slide down the crapper. Here’s to hoping this doesn’t get too out of control.
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