Showing posts with label gas prices. Show all posts
Showing posts with label gas prices. Show all posts

Sunday, April 24, 2011

Hawaii Average Premium Gas Hits $4.708, As Nationwide Pump Prices Jump By 30 Cents In A Month

I think Obama and his Working Group better bone up on Econ 101 before blaming "speculators" for soaring gas prices.  Instead, they should focus on Blackhawk Ben Bernanke.

http://www.zerohedge.com/article/hawaii-average-premium-gas-price-hits-4708-nationwide-pump-prices-jump-30-cents-month

Friday, April 22, 2011

Killer Combo of High Gas, Food Prices at Key Tipping Point

Even the government mouthpieces at CNBC get it:  inflation is spiralling out of control, despite Bernanke declaring inflation is tepid and "transitory".  Where are all the deflationists now?  In the fetal position in the corner of the their Princeton University office, that's where...

http://www.cnbc.com/id/42704213

Saturday, April 16, 2011

Motorists, gambling on finding a better price, are running out of gas

Here we go again.  Poverty effects of soaring food and energy prices are outdistancing the wealth effect of rising stock markets.  Our government economists just don't get it--they are impoverishing the poor and working class with unadulterated money printing, while enriching the financial elite who benefit from rising asset prices.

Since the Fed's announcement of QE 2.0 on August 27, 2010, Brent crude oil prices have rising 67.4%, while the S & P 500 equities index has risen just 26.3%. 

http://graphics.thomsonreuters.com/11/04/GLB_MKTQEP.html

http://latimesblogs.latimes.com/money_co/2011/04/motorists-gambling-on-finding-a-better-price-are-running-out-of-gas.html