(AP Photo/Jae C. Hong, File) With great fanfare from the press and a shrug from the markets, Presidentish Joe Biden announced his plan to basically do nothing about the high price of oil and gas.
Of all the inflationary pressures putting the squeeze on Americans’ household budget — beef up 20% since 2020, pork up 14%, ham up 7%, chicken up 9%, seafood 7%, eggs up 12% — perhaps none has hurt as much as the increase in the price of a gallon of gas.
Gas is up an average of 57% this year, with corresponding increases of 44% for diesel […]
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