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Title: Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent
Source:
CNS
URL Source: http://cnsnews.com/news/article/und ... ef-24-percent-bacon-22-percent
Published: Jan 25, 2012
Author: Christopher Goins
Post Date: 2012-01-25 07:00:19 by A K A Stone
Keywords: None
Views: 627
Comments: 9
CNSNews.com) – So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83 percent increase from January 2009. The price of unleaded gasoline never reached the 10-year high of $4.09 back in July 2008 under George W. Bush’s administration, but it did get close. By May 2011, gas prices hit a high under the Obama administration at $3.93, about four percentage points away from the July 2008 high. The U.S. city average retail price for one pound of 100 percent ground beef was $2.36 in January 2009. As of December 2011, that price had risen to $2.92—a 23.7 percent increase and a new peak. (Ground beef prices have risen every month since November 2009 – 26 months of price increases.) Whole wheat bread prices from January 2009 to December 2011 increased about five percent (5.02 percent) from $1.97 to $2.07. (The inflation rate in December 2011 was 3.0 percent.) Among the first 36 months of Obama’s presidency, the last four (September, October, November, December) showed the average price of one pound of whole wheat bread hovering slightly above two dollars. Other refrigerated items like ice cream and bacon have increased by substantial amounts. Ice cream prices, for a half-gallon, were $4.44 in January 2009 and $5.25 in December 2011, an increase of 19.1 percent. One pound of sliced bacon in January 2009 was $3.73 and in December 2011 had climbed $4.55, an increase of 22 percent. The price hit a high in September 2011 at $4.82 per pound. bacon Bacon. (AP Photo) Whole milk prices averaged above three dollars 33 out of the 36 months since Obama took office. In January 2009, the price for one gallon of whole milk was $3.58; but by December 2011, milk prices had slightly declined less than one percent (0.28 percent) to $3.57 per gallon. The average retail price of Grade A eggs per dozen from January 2009 to December 2011 increased by less than two percent (1.30 percent) from $1.85 to $1.87. CNSNews.com is not funded by the government like NPR. CNSNews.com is not funded by the government like PBS.
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#1. To: A K A Stone (#0)
Called blowing bubbles. Commodities are the last one. The FR has to keep housing prices up. But it's a losing battle. Housing down, what, 7% YoY?
January 23rd, 2012 Baby boomers and the 4 million seriously delinquent loans – 10,000 Americans turn 65 years of age each day and this trend will go on for nearly two decades. Housing starts and completions reach record low in 2011. http://www.doctorhousingbubble.com/
www.doctorhousingbubble.c...012/01/housing-starts.png
This chart says gas was $4.25 a gallon in August 2008. Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul
Are you under the impression that Obama took office in August 2008? He didn't.
If you recall. Bush opened up some off coast drilling and prices fell like a rock. Then the retarded black guy took office and screwed it all up. Like everything the shitface touches.
No, why would you think that?
Economics is a social phenomenon and in no way a “science”, no matter how desperately its high priests would like to have it believed otherwise. It is, instead, a branch of anthropology and the sooner that is recognized and accepted, the better off human-kind in general and the world of academic economics, in particular, shall be proximity1 We probably will see widespread civil disorder in the 1980s, as a direct result of our faltering economic system. Ron Paul
It's inflation caused by printing money. We're in a time warp, back in the Jimmiah Carter era.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
The prices fell during the election campaign like they always do. Then the Zionistas reasserted themselves in the form of going after Kadaffi and the resultant messing with it's oil production. Prices went up again and have leveled but they will go down again in about seven months.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
#2. To: All (#1)
#3. To: All (#2)
#4. To: A K A Stone (#0)
The price of unleaded gasoline never reached the 10-year high of $4.09 back in July 2008 under George W. Bush’s administration, but it did get close.
#5. To: lucysmom (#4)
#6. To: lucysmom (#4)
#7. To: A K A Stone (#5)
Are you under the impression that Obama took office in August 2008?
#8. To: A K A Stone (#0)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#9. To: A K A Stone (#6)
If you recall. Bush opened up some off coast drilling and prices fell like a rock. Then the retarded black guy took office and screwed it all up. Like everything the shitface touches.
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