Gas prices were below $3 per gallon on Jan. 1. A month into Trump 2.0, the national average is at $3.11 per gallon.
It was all supposed to go down.
“The national average has inched higher, driven primarily by sharp gas price increases on the West Coast, where refinery maintenance and outages have created a ripple effect in neighboring states, pushing prices higher in many communities,” said Patrick De Haan, head of petroleum analysis at GasBuddy, which is also registering a tick up in the price of diesel, which stands at $3.63 per gallon Monday.
This comes on the heels of the news last week from the Bureau of Labor Statistics that the annual inflation rate was up to 3.0 percent in January, its highest point since last summer.
Egg prices shot up 15.2 percent in January, the biggest one-month spike since 2015.
And grocery prices were up 0.5 percent in January, the biggest increase in two years.
And what do we have from Trump 2.0 in terms of policy ideas to get prices down?
Crickets.
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Chris Graham
