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From the economic meltdown – 12 May, 2022

From the economic meltdown – 12 May, 2022

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Gasoline Prices to Explode Higher After Biden Admin Cancels Huge Alaska Oil and Gas Lease The Biden administration has canceled one of the most high-profile oil and gas lease sales which was pending before the Department of the Interior, at a time when Americans are suffering from record-high prices at the pump. According to AAA’s gas price calculator, average gas prices in the US have hit record highs in recent days – with the national average reaching $4.374 on Tuesday,…

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Dieselgeddon – America’s diesel supply on verge of catastrophic collapse

Dieselgeddon – America’s diesel supply on verge of catastrophic collapse

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Tumbling Inventories Send US Gasoline, Diesel Prices To Fresh Record High By Tsvetana Paraskova of OilPrice.com U.S. gasoline prices continued to rise, setting another all-time high on Wednesday at $4.404 per gallon average nationwide, data from AAA showed today.  That’s the highest recorded average price for gasoline in the United States, ever. Diesel prices also hit a new high on Wednesday, reaching $5.553 a gallon. This is the highest average price ever recorded, too.   Average U.S. gasoline prices have reached new records…

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Economic collapse news – 2 May, 2022

Economic collapse news – 2 May, 2022

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New Record for Diesel Fuel Prices A new record has been set for national truck stop retail diesel at $5.28/gallon ($.81/mile). An owner-operator doing 7000 miles per month and getting 6.5 MPG would have seen their fuel bill jump $1800/month since the start of the year. This staggering price for diesel fuel will result in massive price increases for . . . . everything . . . because literally E V E R Y T H I N G, except…

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