June 13th, 2022. Why Inflation Continues to Rise Even Higher.
The President's Daily Brief
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Inflation Is at a Record High
Inflation is at a record high. We all feel it in our pocket books whenever we go to the grocery store or we get that tank of gas. But we've got two other very big drivers of inflation too, prices for natural gas and desel. The price of desel is at or above five dollars and 50 cents a gallon. And that's an increase of 70 % from just a year ago. It's even worse on the east coast. So again, we ask, why are prices rising so terribly? Well, one big reason, we don't have as many refineries as we used to. In 19 80, we had about 250 refineries nation wide. That number
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