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February 07, 2020

More Great Economic News – Low Gasoline Prices – A Situation That Democrats and Never Trump Vow To Reverse

Gas - $1.96 - 02.05.2020.jpg

This is the best economy of most Americans’ lives, with full employment, increasing wages, a booming stock market, low inflation, and more job openings than job seekers. Almost overlooked in all this is gasoline prices, which are nearing historically low (inflation-adjusted) prices.

Your typical American tends “to feel“ gas price fluctuations more than most any other economic trend, and lower income and lower-middle-class workers who drive to work feel it the most. Where I live, gas prices have just dropped below $2.00 per gallon, and people are buzzing about it. (It was a big topic at the Super Bowl gathering I attended.)

When President Lightbringer was running for re-election in 2012, the average price for a gallon of gas was $3.64. ($3.80 when adjusted for inflation.) Per AAA, the current average price per gallon in the USA is $2.46, which is 32% less than it was 8 years ago. For a person who drives 15,000 miles per year and gets 20 mpg, that is an additional $75 in his wallet each month. That matters to the average American. It matters a lot.

Naturally, the Democrats running for President are promising to raise gasoline prices.

Allied in trying to elect a Democrat to the White House are NeverTrumpers and their subsidiary, the Principled Free Traders™, those highly principled people who simply cannot vote for Donald Trump because his “tariffs are a tax on consumers.” Because of this noble and principled stand on behalf of consumers, the Principled Free Traders™ stand firmly with the Democrats this election – the party that promises to kill oil patch jobs and raise the price that consumers pay for gas. Because that is what highly principled people do. Without ulterior motive. For the consumers.

Of course, the main reason we have cheap gasoline is frackers, who have brought forth gushers of oil and natural gas, making America energy independent. The Democrats hate this. Pretty much every Democrat presidential candidate vows to ban fracking in some capacity and to drive up the cost of gasoline again. Let’s hope President Trump helps the Democrats get their message out loud and clear.

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posted by Open Blogger at 03:53 PM

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