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charles. let me start with this stat. even with the small gain that you re seeing on the dow, it s the first eight-week losing streak for the dow jones industrial average in 90 years. since 1932. you re correct as wells that the s&p 500 did touch the bear market territory. that was significant. bear market territory is when the index is down 20% from its highs. the selling on wall street continues as investors are worried about inflation, the consumer and a recession. the concern of course is that the fed can t tamp this inflation down quickly enough and that the consumer will just have to go without nonessentials to pay for essentials. that means that the economy will eventually take a big hit. if that doesn t do it, the flip side is that rate hikes, they re coming and they will put us into a recession as well so many investors, analysts and company ceos are pointing the finger at bidenomics, excessive spending, regulation and money printing as the causes of what put t ....
Association. i have you here now, tim. you re the expert. the summer driving seasons, i looked at the eia site. how high could gas prices go? that s a great question, charles to be honest with you, if anybody is looking for answers out of washington, we have to be prepared to be disappointed. gas buddy is not giving directions to the white house if somebody is looking for cheap gas. gas and diesel at all-time highs. our challenge from the industry and trying to work with boths parties in democrats, the democrats responded to these high gas prices by giving the president authority to implement price controls at your local retail station. the white house announced a five-year lease plan with no leasing in it. ....
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