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Dr. Stephen Phinney's avatar

Well, the Bible does say that a day would come when a loaf of bread would cost an arm and a leg (my paraphrase). Great article, Jameson.

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Chase Green's avatar

This is a great reminder. There is tremendous fallacy in pointing to November 2020 gas prices in this manner.

That said, if one wanted to get closer to the truth and still make a point that the previous economy was better, one would need only to look at those prices pre-Covid — about $2.40/gallon (approximately) from January to March before the Covid restrictions started tanking (pun intended) gas prices.

Compare that with yesterday’s national average of $3.84/gallon, and I think it is still valid to say that the previous administration’s economy was far superior.

A difference of $1.44/gallon is still significant.

I would point to this administration’s tight restrictions on our nation’s oil and gas industry as the reason why.

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