December 1, 2022
IT'S IMPOSSIBLE TO OVERSTATE DEFLATIONARY PRESSURE:
Gas prices are now cheaper than before Russia invaded Ukraine (Herb Scribner, 12/01/22, Axios)
The average cost for a gallon of gas in the U.S. has dropped below the price it was before Russia invaded Ukraine earlier this year, according to AAA.[...]It's possible that prices could dip below $3 by Christmas, according to GasBuddy, which tracks cheap gas prices.
Posted by Orrin Judd at December 1, 2022 12:47 PM