Gas prices going to put more financial pressure on a struggling economy

Biden Ice Cream cone

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Bidenomics 101: Gas Prices Soar Again to New High for 2023 Adding to Inflationary Pressures
  • The national average gallon of gas traded at $3.89 last week, its highest level since October 2022, according to the latest figures supplied by the AAA.
  • The pump price shows a variation across the country with some of the steepest jumps in Midwestern states, while in Washington state and California, prices have reached an average of $5 and $5.07 a gallon, the Detroit Free Press reports.
  • Michigan’s average gasoline price set a new high for 2023 on Monday, hitting $3.76 a gallon for regular unleaded, an increase of nine cents from last week, the AAA figures show.
  • The surge in gas costs to a nine-month high follows a 20 percent jump in global crude prices this summer, after Saudi Arabia and Russia slashed supply, the Financial Times reports.

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