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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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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