Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices

I don't think I ever saw it above 3.80 at its worst with Biden. Just 2 days ago it jump from 3.50 at some places to 4.20 at the same gas stations. Edit: that's NC btw. Could be different in other places

I'm not an American but to me "Biden's administration brought us high gas prices too!" claim is such a frustrating comparison, since it's true on a purely technical level but *Biden and his administration had practically nothing to do with it* because they were busy putting out fires left behind by Trump's first incompetent administration and the COVID-19 pandemic while oil prices were springing back from an artificial (and destructive) low. After which Biden's administration had to deal with the huge shock and mess caused by Russia going for a full-scale offensive war against Ukraine in 2022 and Hamas/Palestine attacking Israel in 2023. So yeah, gas prices were higher than during Trump's first administration because Trump was nominally "lucky" that a worldwide pandemic caused a temporary overflow of oil, but the pricing during Biden's term had little to do with him whereas the current situation is 100.00% caused by Trump and his actions are actively prolonging the supply issues because he's a prideful fool who keeps refusing reasonable offers to end the conflict since he's determined that it'll be his way or the highway. And he's old and rich enough that nothing matters to him at this point because he'll be the last person in the US to be touched by the supply issues.

I used to see a lot of dumb stickers on gas pumps with Biden pointing at the price saying “I did that!” There was even a big sign coming off my highway exit saying the same thing. This was when gas was $2.80 - $3.10 on average. Crickets now. Although I will say I’ve seen some Trump stickers doing the same thing so hopefully the tide is turning here in Trump country. Also someone has been writing “TRUMP RAPED CHILDREN” on their money and it’s circulating around here.

How can they believe these lies? Didn't they see it with their own eyes? Oh I forgot they're told not to believe what they see with their own eyes but instead to believe what they're told. Sadly Christians pews have corrupted the real message of Christianity and have trained their followers like sheep to put their faith above reason and common sense and not to trust their own awareness.

This number will keep rising. Eventually they’re going to claim it was $10 for his entire term and only came down after the 2025 inauguration of their Lord and Savior Jesus Trump.

Yep, and they're all claiming trumps name doesn't appear anywhere in the Epstein files. I'm not making this shit up.

We’ve always been at war with Eurasia.

$6? It was like eleventy billion. Still worth it to spend 3/4 of my paycheck filling my daily driver dually to roll coal so I could own the libs.

While totally ignoring the cause for both spikes, we had post Covid demand roaring back and Ukraine being invaded taking oil offline. This is just Trump getting dogwalked into war by Bibi

My red state governor very quickly suspended the gas tax, to make Republican decisions look less awful.

Same in Michigan where 2026 brought with it a new gas tax calculation that was bipartisan. Oh, and there's the fact that when gas is over $3.50/gallon, under the NEW rate, we actually pay less tax per gallon than under the previous rate. So the change is actually saving us money with each gallon in the current environment.

Same in California. Even governors campaigns are centring around suspending the gas excise tax, the most recent portion we voted in a decade ago.  This would blow a hole in turning for local public roads and highways and transportation projects across the state. We're already in a budget crisis, so there are no funds to move to keep projects and maintenance going if we nix this 60 cents of the $6 gas we're paying, but it's something the state has the power to do, so it's the proposal.  If gas goes to $7 or $8 I'm not sure knocking $6 off of every $80 in gas is going to move the needle for people. More tires and windshield repair will probably offset the savings. 

Aside from the other bot infestation comment that "trump raped kids but its actually Bidens fault somehow" It really is amazing how deeply f****** stupid the bootlickers are to eat up those lines

You can show them all the proof that gas was under $3.30 on a lot of places and even under $3.00 at the end of Biden, but they just ignore it. 

So some things take time to resolve while other things have immediate effects. Like, Biden got inflation down a lot, but prices were high cause inflation is a rate. It took a long time to do and Trump's bad economic policy took time to fix. Also, global pandemic. But starting numerous trade wars then a WAR war has immediate consequences that will last years if not decades. Also the president doesn't directly control a lot of things, but boy can they screw shit up

Never let a chance to increase profits to go waste

"It has to get worse before it gets better!" Sheep. I want to call them incapable, but they're not. They could absolutely grasp reality if they tried to, if they challenged their own beliefs and were honest with themselves. They are all capable. And they choose to believe the things they do.

"We just need to suffer for some little bit to ensure our freedumbs from that country that posed no military danger to us at all

Even if gas prices were to just stay flat from here (which isn't likely) then in May the inflation numbers would look much better and they'd claim victory.

To basically quote more than a couple huge CEO / economist types on the subject of raising wages: "we can't increase wages because it will lead to inflation"

But the Aus dollar is worth less than the British pound

I got in a SCREAMING match with my Dad regarding this. Will I get an apology? Of course not