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Mark Moss
@1MarkMoss
Wealth Engineering w/Bitcoin | Partner @BTCOppFund | @ArchLending | @BlockwareTeam | 100M+ @YouTube | @iHeartRadio
Joined February 2018
1.5K Following    184.7K Followers
I don’t get it… Everybody is treating gas prices like the only midterm issue. And yea sure… prices have risen: Iran, refinery problems, Russia, and other supply shocks are real. But, the “panic” isn’t grounded in historical prices. Today’s prices are no where near peak when adjusting for inflation… Which would make today’s ~$4.48/gal well below the peaks of 1981, 2008, and 2012. Even 2022’s annual average was higher in real terms than a lot of people remember. And the economy doesn’t seem to care about them either, because… gas takes a smaller bite of the typical household budget than it did during those spikes. BLS data: about 5.4% of spending in 2008 and 2012 vs. ~3.4% in 2024. So everyone is still driving, still going out to dinner, and yea… this is expensive, but not historically crushing. And not a single issue to vote on.
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