Tags: gasoline | prices | trump | economy | democrats | midterms

Gas Prices Not Worrying When Economy Booming, Unemployment Low

Image: Gas Prices Not Worrying When Economy Booming, Unemployment Low
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Tuesday, 05 June 2018 04:41 PM Current | Bio | Archive

As we approached the Memorial Day holiday that marks the beginning of the summer travel season, the liberal and Democratic Party-supported mainstream media was full of articles about how Americans will curtail their travel plans because of high gas prices. They, of course, put the responsibility for these "massive increases" on the president.

The cost of a gallon of gas has been in a spiral over the last ten years.

The price for a gallon of regular gas was about $2.60 when President Obama took office in 2009. By the winter of 2010, the price had risen to just about $4.00 a gallon. According to GasBuddy.com the national average for a gallon of gas now is $2.95 a gallon.

The EPA says that the average gas tank capacity for a mid-size car is 15 gallons and a pickup can be 25 or more gallons. Let us stay with the 15-gallon tank and let's see what the cost is. As we said in 2009, one paid $2.60 per gallon, and with a 15-gallon tank, it cost $39 to fill the tank. Today you would spend $43.50 to fill the tank, or almost $5.00 more than in 2009. That same fill-up in 2010 would have cost you $60.

The EPA reports that the average car on the road today, old and new, has a range of about 375 miles. The driving time on a tank of gas, not counting stops, is just under 7 hours, depending on how heavy the driver’s foot is. Let's say it takes two days to get to a vacation spot and two days to get back. Two tanks of gas would be needed at a cost of $88.50, plus one tank while driving around the vacation spot for an additional $44.25. In total, 45 gallons of gas at a cost of almost $133 would be needed for the trip. Will the trip not be considered if the price of gas goes up another dollar? Will that vacation be cancelled because gas might cost an additional $44.25 or a total instead of almost $178 for the whole holiday?

The answer to both of those questions could be "possibly," but let me suggest that Americans have spent the last ten years being uncertain about their prospects; they worried about losing their jobs. Many families didn’t take a vacation, not because of the price of gas, but because they were worried about making their mortgage payment.

How many remember the time when Jimmy Carter was president, and the Arabs cut the shipment of OPEC oil to the United States? Inflation was 15 percent, and price controls froze domestic oil prices at about $9 a barrel vs. OPEC oil at $39 a barrel. The entire country was depressed; the outlook was poor, because our president told us so. We were encouraged to turn down our heat in the winter and turn down even further our air-conditioning in the summer.

The previous Democratic administration seemed to have gone to the Jimmy Carter School of Economics, which in its entire time in office could not manage an annual average GDP growth rate of more than 1 percent. The Atlanta Federal Reserve district now predicts the GDP growth in the second quarter of 2018 may reach 5.4 percent. Only time will tell if the forecast is correct, but the idea that our economy could grow that fast is remarkable.

On Friday, June 1, the Department of Labor reported that the unemployment rate was 3.8 percent, and that rate matched the lowest rate in the last 50 years.

On Sunday, June 2, Rasmussen Reports said that “Americans (Are) Even More Optimistic About Opportunity in the U.S.” The report says that 68 percent of those responding think “anyone who wants to work can find work.”

Let me see if I can bring this down to the bottom line. Americans are working, and many believe if one wants to work, there is a job out there for him. The economy is growing at rates not seen in decades, and people have more money in their wallets. The idea that we can make America great again is catching on and more and more Americans are proud to be Americans.

Let’s talk about the Democratic Party: if gas prices do go up $1.00 a gallon from this point, will Americans not take that long-postponed vacation because of what the Democratic Party says? In WWII, American General Anthony McAuliffe made this famous quote when he was the commander of the 101st Airborne. He and his men were trapped in the city of Bastogne, France, by the Germans. He was asked to surrender his troops, and he wrote back to the Germans, “Nuts.”

The American people are saying “Nuts,” and when we look back at the summer driving season will Americans say “Nuts” to the Democrats who are trying to convince them they can’t afford their long-awaited vacation? These same Americans may also say “Nuts” to the Democrats in the mid-term elections.

Dan Perkins is an author of both thrillers and children’s books. He appears on over 1,100 radio stations. Mr. Perkins appears regularly on international TV talk shows, he is current events commentator for seven blogs, and a philanthropist with his foundation for American veterans, Songs and Stories for Soldiers, Inc. More information about him, his writings, and other works are available on his website, DanPerkins.guru. To read more of his reports — Click Here Now.

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As we approached the Memorial Day holiday that marks the beginning of the summer travel season, the liberal and Democratic Party-supported mainstream media was full of articles about how Americans will curtail their travel plans because of high gas prices.
gasoline, prices, trump, economy, democrats, midterms
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2018-41-05
Tuesday, 05 June 2018 04:41 PM
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