Price of a Gallon of Gas Today is DOUBLE What It was 4 Years Ago Under Trump – IOTW Report

Price of a Gallon of Gas Today is DOUBLE What It was 4 Years Ago Under Trump

GP: Gas prices continue to climb in the US under Joe Biden. If you feel squeezed, it may be because gas prices are double today what they were under President Trump four years ago.

19 Comments on Price of a Gallon of Gas Today is DOUBLE What It was 4 Years Ago Under Trump

  1. It’s not that simple, but yes it is very bad. The purchasing power of the dollar decreased by about 20% from 2020 to 2024. You read that right: 20% in just four years.

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  2. So, am I better off than I was four years ago?

    Absolutely! Why, you ask?

    Because I LOVE inflation and having my wealth stolen! I positively dig corrupt government at all levels. Kickbacks, insider trading, 10% for the bossman off the top! And aren’t forever wars great? Look at the money being made overseas! And piling up DEBT of all kinds? It’s SWEET, especially when cities and states can’t pay their bills and their pension funds default. How ’bout those wonderful, open borders with the millions of poor, diseased people pouring in and receiving free handouts while thousands of our veterans are homeless? Warms the cockles of my heart, it does, and it should yours, too! Wow. And dontcha just love our crappy public schools? I mean, nothing spells looming disaster better than incompetent, sexually confused, woke, idiot kids! They’re our future!

    I can go on, if you’d like. But I’ll pause here to marvel at my light (empty) wallet after going to the grocery store this morning. I love empty pockets!

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  3. I was reading my family’s history the other day when going thru old photos and other items. My paternal grandfather was able to purchase 5 acres of land about 1931 or so in Dalton Gardens, Idaho just N. of Coeur d’ Alene from a tax sale for $88 dollars. This became their small farm from the early 30’s until the mid 60’s when they died. They made a good living raising 5 kids on that farm and some other property in that area. I looked up what the equivalent was between $88 dollars and what it is today due to inflation over the past 90 + years, $88 dollars back then is now equivalent to about $1570 dollars. I am glad that they bought that farm back then, nowadays the land where the farm was is mostly expensive houses in a bedroom community to CDA where an acre of land costs thousands of dollars. There are still a few small farms left mostly by the original owners and their families, most normal people can’t afford to live there anymore. Which is a shame since it was and still is a beautiful area and had a lot of small working farms up until the 70’s and 80’s.

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  4. Same here on the Peninsula geoff. Down to $3.40 last month and I’m thinking it’s just too fucking good to be real(was $2.20 in the small AR town I moved here from) now it’s $4.50.

    A fillup was over $90 for my truck.

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  5. By design

    They are pumping more oil in the Bakken field than all but one field worldwide trying to bring down prices before the election

    Too little too late to disguise what they have been doing

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  6. At Safeway today a bag of regular size Doritos are $6.29!
    Last bag of those I bought they were $2.50.
    I can do without Doritos, have for a long time. But fuel is another situation.

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  7. It gets easier once you capitulate. Just accept that there is no such thing as money anymore. The quatloo you hand the clerk today is not the same quatloo as you handed the clerk yesterday. It looks the same, but it’s not the same.

    Who decides what it is though? Not you, not me, but someone, somewhere. But whom? If you ask around you’ll get a lot of conflicting answers, some vehement in insistence and some mild and vague.

    This is one of the ways we can demonstrate that the quatloo you hold is not money at all. Its value, utility as it were, changes day to day and no one will clearly state why. Of course someone knows the answer but they ain’t telling, another piece of evidence the paper you hold is meaningless talk. Someone knows the answer but they won’t tell.

    If it isn’t money, what is it? Quatloos are scrip. Useful in locations and venues approved by the issuer, at valuation set by the issuer. Think of them as the scrip the company gives the worker to spend at the company store. It won’t spend anywhere else so may as well buy the overpriced crap the company has on offer. The fact that our quatloos spend world wide just means the world is the company store.

    So, spend away, or hang on to the scrip and wait for them to decide a new (lower, always lower) value for it. Or, while you’re still able, use some and buy some actual money-gold and silver-while the scrip issuer still allows it. That there money stays money for whatever reason.

    Either-or any- way, internalizing the idea that the government issued scrap you hold and use in place of money is just that, scrip, with no actual value other than what the issuer says, helps a lot in going along with whatever shit they’re pulling now, cuz you ain’t gonna have a wet fart’s worth of effect on whatever that might be anyway.

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  8. Won’t be high performance boating again this year. Just paid $100 for 5gal.of 114 octane just to crank it, 55gal is over $700 & $80 for the oil. Oh well maybe next year will be better.

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