sail at this time. what we ve seen as a result of the storm is that wholesale petrol prices have spiked a lot higher. up around 20% in the last week. concerns about how much higher that s going to surge sf something isn t done to deal with the real shortage of oil in the states given the storm, which doesn t show too many signs of letting up. big business headline yesterday. president trump gave a speech on his tax plan where he made an announcement about the u.s. gdp. here it is. check this out. we just announced that we hit 3% in gdp. it just came out. on a yearly basis, as you know, the last administration during an eight-year period never hit 3%, so we re really on our way. so i got to ask you, not everyone is buying that, right? what can you tell us? well, i can tell you that that number was revised up from 2.7%, which is why trump was cheering about it and making a big announcement about it.
it s called fancy farm, which is a weird name, i know. even though it s called fancy farm, it s really important in politics. fancy farm is a kentucky politics tradition, one of these things everybody talks and expected to always get raucous, a little insulting. but everybody is expected to be in good humor. if you are not good did at an event like fancy farm in kentucky, you really can t play in big time kentucky politics. but this is a guy named adam eedleland. a democratic politician in kentucky. adam isn t just good in a venue like fancy farm. i think this is just my opinion, but i think he is the best southern democratic politician i have seen speak at an event like this since, like, john edwards before he became a terrifying creep.
we re probably worse off than them. adam isn t worried about america. because he can always move back to china. ben stein will be back. let me see his birth certificate. ben stein, i m looking that the the birther. i m looking that the and i know we ve gotten used to it dribs and drabs, but now, you know market can t advance in our country without quantitative easing and this expectation of seemingly low interest rates for as long as we can see. in china, without coming to the market s rescue to help a crooked system i guess. in puerto rico desperate attempt on the government-led bailout that will hopefully, they hope weather their governor coming to this country, get u.s. support. in other words, in order to keep this going the request and demand is for more government intervention. i think that is a slippery slope on which we ve long since slid.