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Gas Prices Down? But Why?

Gas Prices Down? But Why? | image tagged in gas prices,food prices,inflation,joe biden,democrats,spending | made w/ Imgflip meme maker
716 views 20 upvotes Made by EyewitlessNews 1 year ago in politics
2 Comments
2 ups, 1y,
1 reply
made w/ Imgflip meme maker
Remember folks, Bidenflation and cuts to oil production are just "temporary":

AAA Gas Prices
https://gasprices.aaa.com/news/

Today’s AAA National Average
$3.684 Price as of 11/19/22
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Gas prices in 2020, with Trump and 2022, with Biden:

Rising Gas Prices: How Inflation Has Impacted Gas Prices Over the Years
Nov 14, 2022
https://www.gobankingrates.com/money/economy/the-cost-of-gas-the-year-you-were-born/

2020
Price of a gallon of gas: $2.26
In 2022 dollars: $2.52

2022
Price of a gallon of gas: $3.79 (as of Nov. 11, 2022)
In 2022 dollars: $3.79
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63% of Americans are living paycheck to paycheck — including nearly half of six-figure earners
Oct 24 2022
https://www.cnbc.com/2022/10/24/more-americans-live-paycheck-to-paycheck-as-inflation-outpaces-income.html

With persistent inflation eroding wage gains, the number of Americans living paycheck to paycheck is near a historic high, according to a recent report.

Almost half of those earning more than $100,000 say they are just getting by.
2 ups, 1y
made w/ Imgflip meme maker
Absolutely correct. Saying that gas prices are "down" is a "Yes, but..." fallacy. Yes, from AAA Gas Prices site, they're down compared to yesterday, last week, and last month but not compared to last year and sure AF not compared to January 2021.
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