Billionaire Elon Musk has advice for his millions of Twitter followers in a time of high inflation and gas prices: “Musk advised his 77.8 million Twitter followers to own ‘physical things like a home or stock in companies you think make good products’ rather than dollars when inflation is high.”
Is now at an average cost of $4.70 a gallon, compared to the national average of $3.49. I predict that Cali(Mexi)fornia will be our bellweather and hit $10 a gallon before the rest of us have to pay that much. Probably by May.
UPDATE: “…$6.99 a gallon gasoline at a filling station on a major highway…” via Power Line
Here’s my offer: $10 a gallon gas by spring, certainly by summer. The idea is to drive us all to public transportation (buses, light rail, bicycles, etc.) Or electric cars. Unless the Saudis bail us out, but even then the price won’t go down by much.
Most people can’t afford electric cars, nor the replacement of the battery after it craters. Just daily recharging is expensive and takes hours. I am luckily retired. Those that must get to work every day are going to take it in the shorts.
More than, actually.
“In fact, pay for individual federal workers has kept growing each year thanks to both cost-of living raises and “step” increases. The federal pay escalator kept on running right through the recession. Meanwhile, federal workers enjoy job security [civilians] can only dream of.”
Notice none of them lost their jobs over the Wuhan Virus.