Rising Fuel Prices Have Upended the Economy

Unless you’ve spent the last twelve months locked inside your home, then you’re probably dreading the next trip to the gas station. The average price for a gallon of 87 octanes has reached $3.40 in the United States. That’s about 50 percent steeper than it was at the start of 2021 and undoubtedly more than you’re wanting to shell out today. Though one cannot ignore the dizzying rates being advertised outside of British “petroleum parlors” or France’s many “un bordel pour voitures.” Canadians are also forced to endure higher gasoline prices, as the government tends to stack the taxes a little higher and the U.S. dollar tends to be more valuable. At least for now.

All you need to know for the purposes of this article is that fuel prices are up and it’s influencing the economy in some pretty dramatic ways.

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Piston Slap: High Profile Rubber, Lube With Real Silicone Spray?

Bill writes:

Hi Sajeev,

{the usual crap about long time reader, first time poster} I know you just answered a few emails about tire / tire size, but this has been sitting in my drafts folder for a while (the efficient side of me), I’m going to send it off before you answer more questions about tires..

My first question to you was ORIGINALLY about my now departed ’97 Volvo 850 a few months back when you were asking for more questions, but I answered my own question after reaching 3 pages of problems and issues. So I traded it in, more or less at scrap value, for a ’09 Lexus GS450h which came with a nice set of performance summer tires at 245/40R18. And as they say, winter is coming, and I’d be foolish to drive a RWD with summer tires north of the 49th. I’m planning to run 2 sets of rims + tire, got my eyes on some not so shinny Nokian “Hakkapelitaeraerfdaf?” R2 tires, but they are $300 a pop at that size.

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  • Redapple2 4 Keys to a Safe, Modern, Prosperous Society1 Cheap Energy2 Meritocracy. The best person gets the job. Regardless.3 Free Speech. Fair and strong press.4 Law and Order. Do a crime. Get punished.One large group is damaging the above 4. The other party holds them as key. You are Iran or Zimbabwe without them.
  • Alan Where's Earnest? TX? NM? AR? Must be a new Tesla plant the Earnest plant.
  • Alan Change will occur and a sloppy transition to a more environmentally friendly society will occur. There will be plenty of screaming and kicking in the process.I don't know why certain individuals keep on touting that what is put forward will occur. It's all talk and BS, but the transition will occur eventually.This conversation is no different to union demands, does the union always get what they want, or a portion of their demands? Green ideas will be put forward to discuss and debate and an outcome will be had.Hydrogen is the only logical form of renewable energy to power transport in the future. Why? Like oil the materials to manufacture batteries is limited.
  • Alan As the established auto manufacturers become better at producing EVs I think Tesla will lay off more workers.In 2019 Tesla held 81% of the US EV market. 2023 it has dwindled to 54% of the US market. If this trend continues Tesla will definitely downsize more.There is one thing that the established auto manufacturers do better than Tesla. That is generate new models. Tesla seems unable to refresh its lineup quick enough against competition. Sort of like why did Sears go broke? Sears was the mail order king, one would think it would of been easier to transition to online sales. Sears couldn't adapt to on line shopping competitively, so Amazon killed it.
  • Alan I wonder if China has Great Wall condos?