that would solve the diesel shortage. and the other reason is that we killed the keystone pipeline, we could be getting heavy barrels from canada today to alert the diesel shortage and those prices have spiked. the highest level of the year and looking to go higher. sandra: a talking point on the right you are hearing the gop candidates for 2024 saying the first thing they will do is get the keystone pipeline back up and going again. tim, final question on the forecast. you i think can provide us some keen insight where prices are going next. the average price, 3.82 of a gallon of gasoline, on the rise under this administration. biden s first day in office, 2.39. where are prices heading from here, tim? it s hard to make a prediction. we are just surpassing the highest consumer demand season of the year, that s the summer driving season. however, we are seeing significant impact of supply on
feeling about the economy. we all fill up our tank every week or every couple weeks. so, just to give you an indication of how much worse things are tammy then went trump as president. $2.39 a gallon when prompt left presidency. today at $3.89 a gallon. in many states is 4 dollars a gallon or more. i filled up in virginia and paid $4.39 a gallon. basically paying $20 more every time you fill up your gas tank. thanks to biden s policies. let s not forget, you and sean both remember this. the first policy that joe biden put in place when he got into the white house was to kill pipelines. this has been a war on american energy. it s one of the reasons we ve seen this high inflation. want to make one other point if i may tammy. he made a really important point earlier on the show and i want to echo this. trump can t win. the polls are showing he can t win. if yes people, do proof of
i hear this all the time. people don t believe this inflation number 3 1/2%. you know why they don t? if you look at the essentials you have to buy every month and a middle class family. you have to buy milk, groceries, ground beef, pay rent, mortgage, pay energy bill and fill up your tank. all of those things are up way more in price than what s officially the cpi. in some cases three times more. this has caused a middle class squeeze and why you get all these americans saying i m worse under biden, not better. john: let s not forget core inflation does not include gasoline or food. i never could understand why we use that? john: that s what s going up. let me give you a concrete example. gas price when trump left office was $2.39 a gallon. i filled up in virginia $4.39 a
gasoline price was 2.39 a gallon. and then of course it went up to $five a gallon, and then by the way, just a month ago, putting out, the white house putting out these hurray for the fact they brought it down and now it s up again. why is this important? i think as we try to fight inflation, if energy prices are rising it s going to reverberate through higher prices. we have a slight uptick in the inflation rate for the month of july, but i think you are going to see higher prices and this is a self-imposed error, if we had just kept with the trump energy policies i think we would be below $3 a gallon today. sandra: if the government spending that caused so much of this does not come to an end, how do you predict inflation will. a good moment for this, talking about very simple, supply and
say, the inflation reduction act, bidenomics, saying this president s policies are working for the american people. this is the reality of the situation. gas prices are back up and on the rise. gas prices today, 3.82 the national average. 2.39 in january 2021. we are paying substantially more to fill our tanks and we are paying a whole lot more to send our kids back t school. back to school shopping is expected to reach a record level amid sky high inflation. $890 expected per household, that s up 25 bucks from last year, according to the national retail federation. so, doug, can the biden administration really make the case that things are better today than when he took office? when consumer prices are up 16% over that time and people continue to say they just don t feel good about their financial situation. well, sandra, my simple