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Home » Politics » I’m tapping out on the American economy for a minute; I’ve had enough.

I’m tapping out on the American economy for a minute; I’ve had enough.

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Gas is $5.19 a gallon in my neck of the woods. Even though I’ve got a gas sipper of an SUV (I get 35 mpg out of my Chevrolet Equinox), what used to cost $52 a week as a fuel bill now runs $130. I pay an extra car payment every month while I’m supposed to celebrate that our governor getting ride of the tampon tax… which works out to about $0.28 per month in our house. In the meantime, what used to cost $6 or $7 at Subway (sub shop), now is pushing $11.

When gas hit $4 an hour everyone in the office started working from home one day a week. I just took it to two yesterday. My gas bill will drop to $65 a week. Unfortunately for the economy, I’m done participating to the tune of a 40% drop until further notice.

Now here’s the scary part; I can afford to work all five days at the office. I can’t imagine how scary it must be for those who can’t work from home but also can’t afford to put gas in their vehicle.

Hang on to your butts, folks. This one is going to sting.

As for our political class, you reap what you sow, folks. If this is what you voted for, well, you got it.

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11 Comments

  1. Joliesattic says:

    I’m in Cali and it is over $6 here, pushing $7 now. I did drive for Uber and Lyft and sometimes still do. It costs me about $65-70 every other day, sometimes every day. I’m lucky on a 12 hour day to make $250 which is the equivalent of a full tank of gas. Some weeks Lyft offers incentives. Like $9 for 3 rides in a row between 1-3am 3-4pm or 4am-5am or… etc. Let’s see now… Then on occasion, like right now both Uber and Lyft will give you about another $200 if you do over 57 rides. Whew! I’m looking for another job.

  2. Lisa M. Boyd says:

    Everyday we drive by it goes up just saw $5.23 a gallon. We usually try to fill up in Idaho. It is slightly cheaper, and not far from us. Great post, and I too think of those people who are struggling on one income, or whatever it may be just making ends meat. Unbelievable, and groceries are higher than ever too. Makes my stomach hurt seeing these outrageous prices!

  3. The Omil says:

    You are not alone, we are well beyond $8 for a (US) gallon of diesel in the UK – if I’ve got my maths right for our prices (which are in litres), our different sizes of gallon and the currency exchange rates. I don’t think we are way out of line with a lot of Europe. Painful times – I’m pleased you are OK but share your concerns for folks who were already struggling.

  4. Some quick maths shows that’s roughly what we are paying for it here too (about AU$2/L for unleaded, diesel is slightly higher). I’m SO glad I work from home.

    I’m in a fortunate position where a gas price hike, or a mortgage rate hike (big one yesterday) won’t drown me, but I really do feel for those who may be living very close to their income borderline.

  5. Uncoffined says:

    The same thing is happening here in New Zealand. Luckily I have a small car (Toyota Vitz) and a motorcycle if need be. It’s likely to get worse here, but we are prepared for as much as we can. We even have our own vege garden.

  6. Not a lot to do with your own government and more to do with global issues and greed by oil companies 😔

    • bgddyjim says:

      Disagree entirely. Our issue is entirely one of policy. In America, and parts of Europe, even, we have this thing called “competition” that works very well to keep prices low until an outside force (government) acts stupidly, creating false demand. But hey, what do I know? Maybe it is a cabal of evil corporate stooges who made Joe Biden act stupidly and predictably so. Joe Biden can’t influence gas prices, true enough. But his policies did.

      • Please educate me then 🙂 I fail to understand how anyone can blame their own government policies for increases in a globally traded commodity that has risen dramatically in price due to the war in Ukraine. The only government policies I can blame it on is the decision to support Ukraine or the level of tax. Here in Ireland the level of tax is brutal but changing something like that doesn’t happen overnight and also has a knock on effect with the government budget.

        Comparing fuel prices to 18 months ago doesn’t work either as they were artificially low due to lack of demand during the pandemic. I was paying €1.05/litre in June 2020, €1.35 is about what I would expect and €2.09 is the average price locally today. Approximately $8.41/US gallon.

        I’m not arguing here for the sake of it either. I’m genuinely interested in your point of view 🙂

      • bgddyjim says:

        The United States, in 2017, 2018 and 2019, had the largest reserves of oil in the world. Larger than anyone else (we may have been second, but not to any of the desert nations). Today we’re down at the bottom of a big heap. We define “reserves” as oil that can be legally taken out of the ground. The current president of our country shut down so much land, just barred it from drilling, that we went from a net exporter of oil, to a net importer in less than a year. You weren’t low because of the pandemic. You had more oil because we were pumping it like we should and there was a glut on the market. Fuel was held artificially high in Europe as a part of a political green agenda while our cost plummeted.

        People like to make this seem complex so they can justify the shifts in cost against shifts in policy, but in the end, it’s very simple.

        Let’s say Joe goes to OPEC and asks them to pump more oil to decrease demand. Prices will drop if they agree (so far they’ve told him to pound sand, though he’s asked often enough). The same happens if America pumps that oil. Supply increases and prices drop.

        Rocket science this isn’t. The only tough part is convincing people it’s not that easy.

  7. Sheree says:

    Gas, as you call it, has always been more expensive in Europe than US and it still is. Instead of $30 to fill my car it’s now $45 to fill my Smart car.

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