$6 per gallon of diesel. How fast ! Our economy is trapped.
Diesel consumption is price-inelastic : you need it, you buy it. There are no substitutes for diesel in agricultural activities and long-distance freight transport. The U.S. road transport sector consumes 120 million gallons of diesel daily. Between late February and August, the price increase has already added approximately $34.8 billion to carriers’ costs.
And these additional costs are passed on throughout the supply chain. And the tomatoes I eat, for instance. What this administration of shitty business is doing ? Instead of searching apeasement with Iran, they are still bombing. And Ormuz is closed. Obviously, this governement has no exit strategy.
What’s the result for the consumer ? Higher price every day. Who can still vote for Donnie boy ? Are you masochistic or what ? We collectively can’t afford such incompetence… Get rid of him.
NOW !