Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as Bidenflation sends average price soaring to $4.57 – almost twice the $2.41 during Trump’s final month
- A national gas station chain is reprogramming its pumps in Washington state to accommodate the possibility of $10-a-gallon gasoline
- The average price of gasoline across the country reached $4.57 on Wednesday – almost twice the $2.41 average during Trump’s last month in office
- Other stations in the state have begun running out of gas, with a local Facebook group identifying 10 stations that have run out of fuel
- Meanwhile some states – such as California – are reporting spiraling prices of up to $5.98 this week
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- National gas price average hits new high on Sunday at $4.47 per gallon
- The national average gas price hit a record high, and is expected to continue rising as the energy supply crunch in the U.S. rages on.
- The average price for a gallon of gasoline in the U.S. rose to a record Sunday morning to $4.47, according to the latest numbers from AAA. The price on Saturday was $4.452.
- Some states with higher-than-average prices include California at $5.92 a gallon, and Hawaii at $5.32.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Average Gas Price Reaches New Record at $4.47 Per Gallon
- The American Automobile Association (AAA) reports the average price for a gallon of gasoline in the U.S. rose to $4.47. The price on Saturday was $4.452.
- Kloza pointed out that prices will also increase as a result of the ongoing Russia-Ukraine conflict.
- “I think we’re looking at higher prices in the next week or so. And then maybe a little moderation before July. But July and August are going to be sizzling months,” he noted.
- Former energy secretary Rick Perry advised that Americans have “not seen the top [of gas prices] by any sense of the imagination”
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Biden tapping oil reserve for 6 months to control gas prices
- President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices
- The White House said Biden would also call on Congress to impose financial penalties on oil and gas companies that lease public lands but aren’t producing. He also intends to invoke the Defense Production Act to encourage the mining of critical minerals for batteries in electric vehicles.
- Americans on average use about 21 million barrels of oil daily, with about 40% of the consumption devoted to gasoline, according to the U.S. Energy Information Administration.
- The U.S. is producing on average 11.7 million barrels daily, down from 13 million barrels in early 2020.
- The Biden administration in November announced the release of 50 million barrels from the strategic reserve in coordination with other countries. And after the Russia-Ukraine war began, the U.S. and 30 other countries agreed to an additional release of 60 million barrels from reserves, with half of the total coming from the U.S.
- According to the Department of Energy, which manages it, more than 568 million barrels of oil were held in the reserve as of March 25.
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Proverbs 12:19: “The lip of truth shall be established for ever: but a lying tongue is but for a moment.”
Important Takeaways:
- A Green Utopia with $9 Gas: Is Biden Loving the High Fuel Prices After Vowing to ‘End Fossil Fuel’?
- The White House is blaming skyrocketing energy prices on the war in Ukraine. Prices began rising, however, the day Biden entered the White House, with his cancellation of the Keystone XL pipeline and new moratoriums on oil and gas exploration.
- The media is calling it a conspiracy theory, like this USA Today headline: “Gas prices a plot to promote electric cars, conspiracy theorists say.”
- In one 2020 campaign appearance, Biden told a young supporter, “I want you to look at my eyes. I guarantee, I guarantee we’re gonna end fossil fuel.”
- And during a 2020 debate with Donald Trump, Biden pledged, “No more subsidies for the fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period.”
- EPA Administrator Michael Regan said recently the White House is “pressing the accelerator to reach a zero-emissions future sooner than most people thought.”
- But in Western Europe, which is much farther along in the transition to green energy, gasoline prices today are over $9 a gallon.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Los Angeles becomes 1st in US to reach $6 gas average
- Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more.
- That’s according to fuel savings platform GasBuddy, which reported the national average gas price in the U.S. beginning to decline since its peak of $4.35 per gallon on March 10
- The proposal would use $9 billion of the state’s budget surplus to provide the rebate, which is expected to cover the 51.1-cent-per-gallon gas tax for one full year of weekly fill-ups for a car with a 15-gallon gas tank.
- Under this proposal, every California filer will receive a rebate—including those who don’t own or drive a car.
- Prices for domestic and international flights have soared along with gas prices, and experts say the rise will continue.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Russia’s Ukraine war threatens to blow US food prices sky-high
- Inflation nearing a dangerous high, experts warn
- It began with a rapid rise in gas prices. Now, with Russian oil banned in the United States and energy scarcity heightened globally, experts say shoppers can expect their grocery bills to rise in coming months
- Russia and Ukraine produce 25% of the global wheat supply, according to the Observatory for Economic Complexity. While neither of these countries export wheat to the U.S. directly, their absence from the global market is expected to strain supply and push prices higher.
- “It comes an absolutely horrible time for American consumers because we’re looking every day at inflation almost reaching 10%,” Dan Varroney
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Nearly 400 gallons of gas stolen from North Carolina gas station
- The incident occurred as gas prices have spiked around the country amid the Russian invasion of Ukraine, hitting a record high of $4.43 per gallon average last week.
- The previous record high was $4.11 per gallon in July 2008.
- More than 15 cars pulled up and filled up their tanks after business hours after someone used a special device allowing them to bypass the payment system. Over the course of about 45 minutes, $1,600 worth of gas was stolen from the Bizzy Bee Grocery Store and Gas Station in High Point, said owner Hardik Patel.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Psaki says Biden ‘can’t do much’ about skyrocketing gas prices, again blames Putin and says record 7.9% inflation will be ‘temporary’ after President said it would be ‘short-term’ last spring
- White House press secretary Jen Psaki doubled down on blaming Vladimir Putin for rising inflation in the U.S.
- Came after Biden blamed Vladimir Putin, thought the latest report does not capture the full impact of Russia’s invasion
- US Consumer Price Index rose 7.9 percent in February from a year ago, the most since June 1982
- Soaring prices are affecting food, clothing, shelter and other basic necessities for regular Americans
- Gasoline has continued to skyrocket since the February report, suggesting inflation will only get worse
- It is adding to political pressure on Biden and congressional Democrats ahead of the key midterms
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Record gas prices are pushing up everyday costs, dampening economic recovery
- Americans are facing sticker shock at gas stations across the country, but surging global energy costs are rippling through the economy in other ways, too:
- Airlines are scaling back on flights. Truckers are adding fuel surcharges. And lawn care companies and mobile dog groomers are upping their service fees.
- The average price for a gallon of gas jumped 13% this week, according to AAA. Overall gasoline prices are up 38% from a year ago, according to the Labor Department’s latest inflation figures.
- Goldman Sachs this week lowered its forecast for annual U.S. economic growth, citing “higher oil prices,” and said there is a risk the United States will enter a recession in the next year.
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