ty for the keks, anons
peace and love
no homo
Looking deeper into GasBuddy's charts. In 2019, in both Canada and the United states gas price was at it's lowest on April 13, 2019: U.S. at 1.74 a gallon, and Canada 2.86 a litre.
Low and behold, right after the election in November 2020, the price begins to increase steadily, with a spike beginning February 22, 2022, two days before the Russian Federation invaded Ukraine in a steep escalation of the ongoing Russo-Ukrainian War.
Today, "Markets brace for sharpest rise in US interest rates in almost 30 years".
https://www.theguardian.com/business/2022/jun/15/markets-brace-rise-us-interest-rates-federal-reserve-borrowing-inflation
"After days of frenzied investor speculation and signs of growing central bank anxiety, the Federal Reserve is expected to increase the official cost of borrowing by 0.75 percentage points for the first time since 1994.
The Fed meeting, with an interest rate announcement due at 7pm UK time on Wednesday, will be preceded by an emergency meeting of the European Central Bank (ECB) to discuss crashing bond prices in Italy, Spain, Portugal and Greece.
The Bank of England is expected to raise UK interest on Thursday, after the rise in UK inflation to a 40-year high. Despite some speculation of a 0.5 point increase, the City expects a 0.25 point rise to 1.25%."
We in for a bumpy ride!