Analysis of current economic conditions and policy
Gasoline, Diesel, Kerosene: Diesel Rises Again
From the EIA:
2 thoughts on “Gasoline, Diesel, Kerosene: Diesel Rises Again”
James
What does “Tariff Tom Tiffany” suggest we do? GOP Tom supports Trump’s executive orders on February 1, 2025 that imposed a 10% tariff on Canadian crude oil and other energy products, which took effect in early March 2025. Remember that Tariff Tom? Thanks to Tom – Wisconsinites are paying a 10% tax on gas and diesel.
In other news today – Core PCE, YoY is at +3.3%; 1.3 percentage points above the Fed’s 2% target. Real core-goods spending -0.8% Consumers cutting back on goods
Real services spending +0.3% Services still expanding and Core services ex-energy/housing +0.3% MoM Persistent services inflation – Wisconsin’s services inflation problem could be helped by expanding the 25-55 year old labor force by allowing immigrants to move and work here. Tariff/Restrictive Immigration Tom Tiffany has a hardline, restrictionist stance on immigration, prioritizing strict border security, interior enforcement. Tiffany strongly supports Immigration and Customs Enforcement (ICE) operations and has pushed to withhold federal funding from state and local governments that act as “sanctuary cities” or refuse to cooperate with federal immigration enforcement. Thanks to Tom – Wisconsin’s assisted living facilities can’t find front line care givers and farmers can’t find workers to milk dairy cows.
pgl
Bruce Hall is happy that his gasoline costs only $2 per liter
What does “Tariff Tom Tiffany” suggest we do? GOP Tom supports Trump’s executive orders on February 1, 2025 that imposed a 10% tariff on Canadian crude oil and other energy products, which took effect in early March 2025. Remember that Tariff Tom? Thanks to Tom – Wisconsinites are paying a 10% tax on gas and diesel.
In other news today – Core PCE, YoY is at +3.3%; 1.3 percentage points above the Fed’s 2% target. Real core-goods spending -0.8% Consumers cutting back on goods
Real services spending +0.3% Services still expanding and Core services ex-energy/housing +0.3% MoM Persistent services inflation – Wisconsin’s services inflation problem could be helped by expanding the 25-55 year old labor force by allowing immigrants to move and work here. Tariff/Restrictive Immigration Tom Tiffany has a hardline, restrictionist stance on immigration, prioritizing strict border security, interior enforcement. Tiffany strongly supports Immigration and Customs Enforcement (ICE) operations and has pushed to withhold federal funding from state and local governments that act as “sanctuary cities” or refuse to cooperate with federal immigration enforcement. Thanks to Tom – Wisconsin’s assisted living facilities can’t find front line care givers and farmers can’t find workers to milk dairy cows.
Bruce Hall is happy that his gasoline costs only $2 per liter