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<blockquote data-quote="WVUALLEN" data-source="post: 132117834" data-attributes="member: 1112294"><p>On Tuesday, the national average was $3.94. It peaked at $5.02 in June.</p><p></p><p>After falling 9 weeks straight, experts say gas prices will rise again.</p><p></p><p>Patrick De Haan, head of petroleum analysis at GasBuddy, said wholesale gasoline prices have increased as much as 40 cents per gallon.</p><p></p><p>US inflation report looks grim as food and gas prices soar. Economists predict Friday's Consumer Price Index report will show prices overall are up 8.3% from last year.</p><p></p><p>Dr. Mike Walden, an economist and professor at North Carolina State University, said increasing gas prices make it hard to predict what inflation rates will look like.</p><p></p><p>"It just means they are going up at a slower pace," Walden said. "I think inflation is going to continue to be an issue -- even if it decelerates somewhat -- I think it’s still going to be an issue for the rest of this year."</p><p></p><p>With inflation being the overriding factor, over 80% of surveyed consumers described the economy as "poor" or "not so good."</p><p></p><p>69% of respondents stated that the current state of the economy is bad, compared to 46% in April 2021.</p><p></p><p>The cost of living is going up significantly, supply chain issues are still causing massive problems. </p><p></p><p>Conditions are worse than ever, with greater workloads being handed to employees by companies struggling to recruit. This issue tends to be in industries with lower-paid workers, where labor shortages are becoming increasingly common. (in other words Biden is destroying middle class America)</p><p></p><p>The U.S. Census Bureau's most recent survey has also found a 32% increase in people relying on loans and credit cards to meet their regular expenses and a 34% increase in those who have had to borrow money from family and friends.</p><p></p><p>With unemployment so low, companies have fewer workers available to fill their vacant positions. The available workers can afford to be more choosy. Usually, this type of supply-and-demand dynamic would mean wages would rise, taking the pressure off households. </p><p></p><p>Biden busting up America to become a Marxist nation. Biden and the far left really want to America to be socialist.</p></blockquote><p></p>
[QUOTE="WVUALLEN, post: 132117834, member: 1112294"] On Tuesday, the national average was $3.94. It peaked at $5.02 in June. After falling 9 weeks straight, experts say gas prices will rise again. Patrick De Haan, head of petroleum analysis at GasBuddy, said wholesale gasoline prices have increased as much as 40 cents per gallon. US inflation report looks grim as food and gas prices soar. Economists predict Friday's Consumer Price Index report will show prices overall are up 8.3% from last year. Dr. Mike Walden, an economist and professor at North Carolina State University, said increasing gas prices make it hard to predict what inflation rates will look like. "It just means they are going up at a slower pace," Walden said. "I think inflation is going to continue to be an issue -- even if it decelerates somewhat -- I think it’s still going to be an issue for the rest of this year." With inflation being the overriding factor, over 80% of surveyed consumers described the economy as "poor" or "not so good." 69% of respondents stated that the current state of the economy is bad, compared to 46% in April 2021. The cost of living is going up significantly, supply chain issues are still causing massive problems. Conditions are worse than ever, with greater workloads being handed to employees by companies struggling to recruit. This issue tends to be in industries with lower-paid workers, where labor shortages are becoming increasingly common. (in other words Biden is destroying middle class America) The U.S. Census Bureau's most recent survey has also found a 32% increase in people relying on loans and credit cards to meet their regular expenses and a 34% increase in those who have had to borrow money from family and friends. With unemployment so low, companies have fewer workers available to fill their vacant positions. The available workers can afford to be more choosy. Usually, this type of supply-and-demand dynamic would mean wages would rise, taking the pressure off households. Biden busting up America to become a Marxist nation. Biden and the far left really want to America to be socialist. [/QUOTE]
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