The U.S. Federal Reserve has reported that the average cost of a gallon of gas is about $3.50. This is pretty close to what we experienced back in 2009, when the average U.S. gasoline price was $3.50.
That’s not to say that the gas prices won’t be higher in the future. The U.S. government is a huge oil producer, and they’ve been in the oil business for a long time. So that’s likely to continue to increase the prices for oil. But this also doesn’t mean that I’m against rising gas prices, just that it’s better to be sure of your expenses and not let them get out of control.
If you buy your home in good condition, its going to be a lot better than buying it now.
The fact of the matter is that it is far cheaper to just buy new cars and trucks than it is to buy a new home.
Although its true that the government spends more on oil than the car industry, the car industry is doing very well. The government is spending $6 trillion on new automobiles, and that’s a number that’s only going to increase. The oil industry is investing $30 billion in oil exploration in 2016, and another $10 billion in 2017. Thats a very large share of the government’s money going towards oil production.
In my opinion, there is a huge difference in inflation between the two countries. In the United States, inflation is 2 1/2 to 2 1/2, and in Russia, inflation – 2 1/2 to 2 1/2. In the United Kingdom, inflation is 2 1/2 to 2 1/2, and in the United States, inflation – 2 1/2 to 2 1/2.
The US government spends more on oil production than any other country. It’s a significant chunk of their budget, meaning a significant portion of that money is going to the oil industry. The only other country that spends more in oil than the US is Saudi Arabia, and that’s because of the role oil plays in the OPEC cartel.
In the US, inflation is 2 12 to 2 12. In the UK, inflation – 2 12 to 2 12. In Russia, inflation – 2 12 to 2 12. In China, inflation is – 2 12 to 2 12, and in India inflation is -2 12 to 2 12.
The idea behind using inflation to measure the rate of inflation is that the rate of inflation is the same for everybody, so if you want to compare inflation to any given country, you should use the same inflation rate for everybody. This concept is called “universal” or “common sense” inflation.
Using this definition of inflation in the US, it’s pretty easy to tell that inflation in the US is pretty damn high. It’s almost as high as the money supply.