Climate Activists Win at Least 2 Seats on Exxon's Board

[98cwitr]

Well, they did, back in July of 2008 under George W. Bush. Quite a bit higher.

Not true actually...highest it got in 2008 was a factor of 37.9; and now we're at 49.6

Gasoline Inflation in the United States (1968-2021) | US Inflation Calculator

Now, let's look into the reasons behind each occurrence, and where the causal responsibilities lie; namely, how culpable the Bush administration was in the financial crisis in 2008 that caused gas to spike versus the Biden administration's current foreign policies and economic decisions (that's causing gas to spike).

 

[Aryeh Jay]

Not true actually...highest it got in 2008 was a factor of 37.9; and now we're at 49.6

Gasoline Inflation in the United States (1968-2021) | US Inflation Calculator

Now, let's look into the reasons behind each occurrence, and where the causal responsibilities lie; namely, how culpable the Bush administration was in the financial crisis in 2008 that caused gas to spike versus the Biden administration's current foreign policies and economic decisions (that's causing gas to spike).

Gas was $4.589 a gallon on June 12, 2008 in Cle Ellum Washington. Gas buddy say it currently is $3.119 in Cle Ellum Washington. I don't know about any magical formulas, I just go by the price at the pump.

 

[Pommer]

Gas was $4.589 a gallon on June 12, 2008 in Cle Ellum Washington. Gas buddy say it currently is $3.119 in Cle Ellum Washington. I don't know about any magical formulas, I just go by the price at the pump.

$5.68 in 2021 dollars

 

[ArmenianJohn]

Just when you thought fuel prices couldn't get much higher....

They CAN always go much higher, but they won't be going much higher (if at all). Anyone who knows the market for oil would know this.

 

[98cwitr]

They CAN always go much higher, but they won't be going much higher (if at all). Anyone who knows the market for oil would know this.

I'd be willing to take that bet. The out of control spending in DC is going to lead us into inflation, dare I say hyperinflation....it's not just about gas, it's about the dollar itself.

 

[98cwitr]

Gas was $4.589 a gallon on June 12, 2008 in Cle Ellum Washington. Gas buddy say it currently is $3.119 in Cle Ellum Washington. I don't know about any magical formulas, I just go by the price at the pump.

It must be compared with something, last year the "price at the pump," which is your metric of judgement, was under $2.

 

[Desk trauma]

It must be compared with something, last year the "price at the pump," which is your metric of judgement, was under $2.

We can have those low prices again, we just need a similar world wide collapse in demand for oil.

 

[ArmenianJohn]

I'd be willing to take that bet. The out of control spending in DC is going to lead us into inflation, dare I say hyperinflation....

This is your theory but it's not backed by any facts. Inflation has bottomed out and is going to go up. Frankly, it needs to go up for the sake of the economy. Dare you say hyperinflation? Well, I'll dare you to say it, because it isn't going to happen and it will be just another wild speculation about the future that will be proven false.

it's not just about gas, it's about the dollar itself.

It's not just about gas, but it's also about gas. It's about both the dollar and gas. There will be a rise in inflation. It will be healthy. Current gas prices are rebounding from the pipeline cyber-attack that caused a spike briefly, but even after this rebound gas prices are bound to increase a little more as inflation and demand both increase. At the end of summer, gas prices decrease, which is typical.

The doom and gloom forecast of hyper-inflation is just some kind of scare tactic from pundits on the right and gas prices, having returned to normal from pandemic-time unnatural lows, will not skyrocket as many on the right are claiming. Wall Street certainly does not see it happening.

 

[iluvatar5150]

I'd be willing to take that bet. The out of control spending in DC is going to lead us into inflation, dare I say hyperinflation....it's not just about gas, it's about the dollar itself.

It's times like these that I wished CF had something like reddit's reminder bot that would alert us to predictions like this.

Maybe we just have to tag @essentialsaltes and let him handle it???