Caught this while passing the Shell Station at the Corner of Fairfax and Beverly.
Yesterday, a gallon of regular was $4.19 a gallon.
“Every U.S. recession since 1971“, warns blogger Tyler Durden at Zero Hedge
. . . has been preceded by an increase in the price of oil, currently up more than 7 percent year-to-date. With the economy barely advancing – growth in output is moderating by most measures – the economy may not be able to withstand the blow of a spike in oil and an ensuing increase in prices at the pump. While oil at $106 per barrel and gasoline prices averaging $3.59 a gallon are not yet at crippling levels, they seem headed in that direction.
Funny when a Republican was in the White House, some of the same folks now excusing the incumbent Democrat seem to think the president can control these things. Guess that means they credit Republican for being far more effective executives than Democrats.