8.2 million job openings with 6.1% unemployment.Definitely going to have increased prices. Unemployment numbers will suck as long as the government keeps the incentives to do nothing an earn money.
All of this coming on the heels of our economy being 98% of the way back to where it was at the end of 2019 before COVID.8.2 million job openings with 6.1% unemployment.
Real inflation is probably north of 10%.
Gas shortages
Record deficits
Yeah, Biden is delivering exactly what we expected.
3.50 is the price that we start to see a real dampening affect on the economy. We'll probably reach that sometime next month, and I don't think it'll come down for a while.Didn't take Biden long to screw up gas already.
America has the chance to lead clean energy change in a WIN WIN situation. So you're correct.It's ok because we're pivoting to climate change and the new green economy will save us all.
Florida gets over 70% of their gas from ports not this pipeline..people have a doomsday hoarding fetish .Can't buy gas anywhere...unbelievable. Unfortunately, this is a pseudo-nation issue vice regional. I don't see this getting back to normal for a couple weeks. Good thing I filled up on Sunday - I saw this coming.
They pump product at something like 5 mph, so it'll take a couple of weeks at least to refill commercial tanks.Florida gets over 70% of their gas from ports not this pipeline..people have a doomsday hoarding fetish .
But muh diversity is thrivingInflation, high unemployment, middle east flaring up, declining stock market, rising taxes, and gas supply issues. Welcome to the world of a moron running the country. Literally a bottom of his college class guy.
Exactly. This is another issue of people freaking out because broadcast and social media said there would be a shortage and so they ran on supply and created a shortage.Florida gets over 70% of their gas from ports not this pipeline..people have a doomsday hoarding fetish .
Interesting...what ports are you referring to? Interested in hearing your knowledge on ports and waterways supporting petroleum transfers in FL.Florida gets over 70% of their gas from ports not this pipeline..people have a doomsday hoarding fetish .
I agree..about a week or two. Although we do get fuel (not sure if its 70%, probably a BS number) via tankers, we will be trucking a lot of fuel out of state which will reduce the supply in state. Regardless, we will feel the impacts for a while.Demand surge similar to the toilet paper surge a year ago. Idiots hoarding in response to a situation and simply exacerbating it. It will be back to normal in a week or so.
WESH in Orlando is saying it’s 90% of Florida’s fuel.Interesting...what ports are you referring to? Interested in hearing your knowledge on ports and waterways supporting petroleum transfers in FL.
PPI report shows 6.2% wholesale inflation. This isn't going away anytime soon and the FED can't do anything about it.Pretty interesting to watch the markets today after the CPI numbers were released. 4.3% YoY would typically trigger the FED to take action, but apparently Powell is OK with just letting this ride. Even investors are getting nervous about the easy money policies, lol.
The FED has shut off the federal government before, hopefully they do it again but I doubt it.Well they can at least stop making it worse by stopping the stimulus. Creating inflation and unemployment at the same time.
@sk8knight is correct . I read 90% but posted 70 by mistake . And the Jones Act Waiver was done last night to help while the pipeline gets back to normalI agree..about a week or two. Although we do get fuel (not sure if its 70%, probably a BS number) via tankers, we will be trucking a lot of fuel out of state which will reduce the supply in state. Regardless, we will feel the impacts for a while.