No COVID criminals – Drs. Fauci, Brix and Walensky – have been charged or are ever likely to be charged – with anything. No pharma cartel executive – Albert Bourla of Pfizer, for instance – has faced or is ever likely to face any consequences (liability) for the harms caused by the drugs that were pushed on people. The clients of Jeffrey Epstein remain safely redacted. But there is one thing President Trump said he would do if elected that appears to have been done.
Gas is getting less rather than more expensive.
As of late May – just after Memorial Day weekend – the average cost of a gallon of regular unleaded has dipped to about $3, according to AAA and other sources. That is about 35 cents per gallon less than it was last May.
Interestingly, gasoline is significantly cheaper in blue states – that is, the states that are less red (that is, leaning toward socialism on the way to outright communism). In North and South Carolina, Kentucky, Tennessee, Arkansas, Texas and Oklahoma it is closer to $2.75 per gallon – which is remarkable inexpensive when you take into account the devaluation of money that has taken place over the past 4-5 years.
Even more interestingly, if you plug the current buying power of 35 cents back in 1970 into the Bureau of Labor Statistics Inflation Calculator – which you can find here – you will see that it is equivalent, in today’s debased buying-power money, to $2.97. So, we’re paying today about the same in real terms for a gallon of gas as we were back in 1970. It just takes more paper than coin to buy it – even though we’re not actually paying more for it.
This is really interesting – on several levels.
The first being that gas today would be even less expensive if regulatory costs were not as high as they are. They are much higher than they were back in 1970, when gas was still gas – and not adulterated with other, cost-adding/BTI (energy) reducing “oxygenates” and refineries did not have to pass along the costs of compliance that did not exist back in 1970, before there was an EPA. One can of course take the position that the EPA has been a force for good but that didn’t come at no cost.
Yet, all of that notwithstanding, a gallon of regular unleaded today costs about the same as a gallon of leaded regular did back then. This is remarkable. An unnoticed and unacknowledged tribute to the near-miraculous cost-decreasing capability of the free market, even when it is hardly allowed to operate freely. Just imagine what a gallon of gas might cost today if it were allowed to operate freely.
Also if 50-75 cents (or more) in today’s money was not folded into the cost of a gallon of gas – in the form of taxes. These taxes are among the most regressive taxes there are – amounting to about 20 percent of the cost of each gallon and that cost being heaviest upon the means of the working and middle income people.
Then there is the issue of supply, which usually correlates with price. If a thing is in abundant supply, it generally costs less rather than more because there is more than enough to go around. Well, for more than 50 years, we have been told that the supply of the oil that is distilled into gasoline is running low; that we approach “peak” oil production – any day now – and that once we reach it (which was supposed to have been decades ago) the supply would steadily diminish, causing prices to steadily rise. But that has not happened.
Prices have gone up – intermittently – chiefly on account of government, including the governments of foreign countries that restrict supply as well as the government of this country, as when it was under the control of the people who used Old Joe as their Weekend at Bernie’s front man. You may recall that, prior to this interregnum – during the first Trump presidency – this country for the first time in many years no longer needed imported oil to meet internal demand for gasoline. It was on the verge of becoming a net exporter of oil – a remarkable development.
We are now five months into Trump’s second term and the cost of gas has at least gone down rather up. At least relative to what it was five months ago.
Thirty-five cents less per gallon less amounts to more still in one’s pocket. About $6 more per 15 gallon fill-up. Put another way, the typical driver is getting about half a tank of gas for “free” per month – relative to what it cost him to fill up four times a month a year ago. This may not offset the devalued purchasing power of money we’ve suffered over the course of the past four years – but it helps, a little.
And that may be as much as we can expect.
It is also one thing that must be credited to the election of Trump rather than Harris. Had she been anointed empress it is doubtful the cost of gas would have gone down. It is a near-certainty it would have gone up, a lot – as it did under her non compos mentis mentor.
So – while we will probably never see anyone associated with “COVID” jailed or even charged and Epstein’s clients remain safely redacted, at least gas costs a little less – and that isn’t nothing.
. . .
If you like what you’ve found here please consider supporting EPautos.
We depend on you to keep the wheels turning!
Our donate button is here.
If you prefer not to use PayPal, our mailing address is:
EPautos
721 Hummingbird Lane SE
Copper Hill, VA 24079
PS: Get an EPautos magnet or sticker or coaster in return for a $20 or more one-time donation or a $10 or more monthly recurring donation. (Please be sure to tell us you want a magnet or sticker or coaster – and also, provide an address, so we know where to mail the thing!)
If you like items like the Baaaaaa! baseball cap pictured below, you can find that and more at the EPautos store!
Related posts:
- What it Costs Us
- Gas Only Costs Twice as Much Now . . . For Now
- Hidden Costs That Cost a Lot
- Before Time Home Costs
- It’s Not So Much the Gas That Costs
Read the full article here
