Good thing there’s no inflation…
If you live in Chicago and burn through 20 gallons of gas per week, then your gasoline costs just went up nearly $4 per week!
Good thing there is no inflation!
Well, except in food or gas.
The Fed & government exclude those things when they tell us with a straight face that inflation is just too dang low.
Regardless, if you filled-up your vehicle on the way to work or play today, and if it seems like you just paid more than you did last week, well, if you live in of of these 12 states, it’s because you did just pay more:
This is with low oil prices too, relatively speaking.
Add in a dollar that many feel is set for a major move down, as I do, and a commodities sector which many feel is set to go on a massive bull run, as I do, and we have the ingredients for some severe pain coming to the pumps!
From January of this year:
Do you think it’s just luck that gas prices are so low, and falling? Low gas prices are like another Tax Cut!
— Donald J. Trump (@realDonaldTrump) January 1, 2019
Higher gas prices don’t need to be “like” a tax hike, because the tax hikes just went into effect.
Higher gas prices are another tax hike.
Said differently, higher prices today are because of a tax hike, and higher prices tomorrow because of a weakening dollar and strengthening crude oil price will be like a double whammy to the tax hikes.
… the company announced Thursday that it’s shuttering the last of its US sedan brands as it shifts its focus to international markets, trucks and SUVs. It is a drastic move, as the company will be phasing out sedan models that have a long history with the company, including models like the recently revamped Ford Taurus.
Too bad they don’t have an all-electric Ranger pick-up truck.
Oh wait, they did, in the 1990s.
For now, gas prices are rising due to tax hikes, but if the dollar does weaken and if crude oil prices start climbing higher, how does that bode for full-size truck sales in an auto bubble environment that already has more than just a few people nervous about sinking auto sales?
Furthermore, even if you don’t own a car, what about every other person or business who does?
Is the local pizza delivery driver just going to eat the cost of rising gasoline taxes?
Will the local pizza delivery joint raise its delivery fee to help out the drivers?
Will you be willing to tip a little more to help offset the rising costs?
You see, this may seem like just a simple rise in gas taxes.
But the effects can be pretty profound and far-reaching.
If the world runs on energy, and if prices are rising.
Yet the price of silver is actually going down.
Then what does that say about value?
When silver is in-fact stored energy.
That doesn’t perish like gas can.
Does not spoil like potatoes.
Is universally accepted.
All around the world.
You get my point.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.