Gas is up 50 cents in a month to a NEW all-time average price of $4.60. Thanks, Joe!
ยท ยท May 27, 2022 ยท

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Gotta love The NYT out here running cover for Joe ๐Ÿ˜‚

If you live in a big city, you'd be feeling happy at this point to only pay $4.60 a gallon. When I was in Chicago recently, I saw the Windy City was paying upwards of $5.50 to fill up their tanks on the way to work.

Let's remember what Chicago was paying on January 20, 2021 right before a certain new resident shuffled on in to the Oval Office.

And that was more expensive than most of the nation!

This trend is causing Americans to simply stop driving and stop spending money during a time of year when businesses rely on travel and tourism to bring in billions of dollars.

Demand for gasoline in mid-May fell to one of its lowest levels for this time of year in nearly a decade, according to government data. The drop is an early indicator that rising gas prices are prompting some Americans to change their driving habits ahead of Memorial Day weekend and what is typically the peak summer driving season.

...Analysts anticipate that prices won't fall soon. A report from JPMorgan this month said retail gas prices could jump to $6.20 a gallon by August.

Anyway, here's to $6 gas!

P.S. Now check out our latest video: "Highlights from Biden's speech last night" ๐Ÿ‘‡

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