CNN again in last half hour.
"Gas prices shot higher by another 5 cents a gallon in the latest reading from AAA, taking the average price in the US to $3.25 a gallon, the highest average price in 11 months.
This 26-cent-a-gallon increase since Friday is a reaction to the war in Iran and the effective closure of the Strait of Hormuz, a crucial channel through which 20% of the world’s oil passes. Gas prices have also risen after Iran launched retaliatory attacks on the oil facilities of its oil-rich neighbors, such as the United Arab Emirates, Qatar, Kuwait and Saudi Arabia, the world’s largest oil exporter.
Most of the increase has come in the last three days, although today’s 5-cent jump in prices is less than the 9-cent increase in Wednesday’s reading and the 11-cent spike in prices on Tuesday, which had been the biggest one-day increase since the aftermath of Hurricane Katrina in 2005.
Still, the 25-cent gain in gas prices in the last few days is the largest three-day rise since March 2022, shortly after sanctions were imposed on Russia for its invasion of Ukraine."
The stable genius strikes again.
No matter I suppose. As the MAGA are at the pumps looking at the price board saying $3.50, they will hear dear leader on their pickup radios, " Gas is record low, $1.99. Anything else is fake news"
Now, I know nowt about economics. At what point do dictators start to do the money printing thing ? You know, a wheelbarrow of cash for a loaf of bread. Is that how it works ?
Because the Military Industrial complex invoices for all this overtime missile making will soon arrive surely. Or is that another scam to add to the list ? Don Jr and co buying up MIC shares 2 weeks ago ?