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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WE'LL BE BLUNT

We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

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