The sinking dollar keeps pushing Gas prices higher. Contrary to what Ben Barnanke says, Inflation is raging. Combined with declining wages, we have 70’s style Stagflation. Gas prices are closing in on $4 a gallon. Currently, the average is now $3.91 a gallon.
The average price for a gallon of gas in the U.S. is now within a dime of $4.
Drivers in 22 states are paying more than the national average of $3.91 per gallon. In Alaska, California and Connecticut they’re paying $4.20 or more.
With one day left in April, gas prices are up 30 cents for the month. On average, the increase has been slightly more than a penny per day. At that rate, the national average for gas would reach $4 on Sunday, May 8. In 2008, when gas hit a record of $4.11 per gallon in July, it didn’t cost $4 until June 8.
Americans are hurting and we need a serious comprehensive energy policy. This redistribution of wealth from America to Islamic and 3rd World Liberation regimes is insane.
Tags: Oil Prices, Stagflation
