You could see this coming….
Gas prices are up to around $3.00 a gallon from a around $2.50 a few months ago……
Last time gas prices went up?
The price of just about everything went up also…
Same thing is going on….
And Donald Trump is talking about making things worst with tariff’s and trying to cut cheap labor out of America….
Economic Shit Storm could be coming to America,,,,
One driver of higher prices this year has been gasoline. The average cost for a gallon of regular gasoline was $2.90 in May, up from $2.48 in December, according to the U.S. Energy Information Administration. Tuesday’s report showed energy prices climbed a seasonally adjusted 0.9% last month and increased 11.7% from May 2017.
When excluding the volatile energy and food categories, so-called core prices also rose 0.2% in May. Economists surveyed by The Wall Street Journal expected both core prices and the headline index to increase 0.2% from April.
Shelter prices also pushed the headline index higher, growing 0.3% in May. Lodging away from home, an underlying shelter index, increased 2.9% in May, the measure’s largest increase since last summer.
Overall prices climbed 2.8% in May from a year earlier, while core prices were up 2.2% on an annual basis. Economists expected the headline figure to hit 2.7% over the year and the core gauge to increase 2.2% in May.
Last month’s year-over-year increase in inflation was the strongest since February 2012, when inflation was 2.9%.
Price growth in May was uneven. While the medical care, education, communication and new vehicle indexes rose, the food, apparel, recreation and personal care indexes were flat. Household furnishings and operations and used cars and trucks prices fell in May.
Inflation, long sluggish in the wake of the 2007-09 recession, picked up in recent months….
Federal Reserve raises interest rates for the big banks for the second time this year….
Banks and othe financial intitutions will be raising their lending rates