March 1, 2012

Gasoline Does Not Cost $5 per Gallon

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Larry Kudlow tweets a promo for tonight’s show: 

I’ll have more to say about this tomorrow morning, but for now I just want to make one point: gasoline isn’t shooting up to $5 per gallon. If you look at the most expensive grade, in the most expensive formulation, in the most expensive state, at the most expensive gas station, then a gallon of gas comes close to $5. But the EIA publishes the average price of gasoline on a weekly basis, and as of this week it’s…..

$3.78.

Not five bucks. The price of gas is indeed up, and that’s bad news, but it’s not up that much, and it’s not at record-breaking highs either. As recently as last April, it was even higher. So everybody take a deep breath, OK?

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DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again—any amount today.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

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