Why gas prices are falling

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Unleash Prosperity Hotline
Issue #599
08/17/2022
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1) Why Gas Prices Are Falling
The national average price at the pump for gas has fallen below $4 a gallon for the first time in many months. That’s good news for motorists, but even better for the hapless Joe Biden. The lower energy prices have slowed the pace of overall inflation – which still stands at 8.5%.

This hasn’t happened because Biden has suddenly reversed his crusade to “close down” oil production in America.

Gas prices have come down because demand has stalled out. As our staff economist E.J. Antoni explains:

The chart below shows how much gasoline demand has collapsed this year. This summer gasoline consumption fell below the corresponding pandemic-era level and was 1 million barrels per day below the corresponding 2019 level. It was almost that far below last year’s level too – when the pandemic was still happening. As gasoline sales normally ramp up during the summer driving season, they actually trended down this year, perhaps because many families just couldn’t afford to fill up.”

Remember also: gas prices have to fall another $1.50 a gallon to get back to where they were when Trump left office.

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2) School Choice Is Winning
We interrupt all the crappy news out of Washington to brighten everyone's day as the first day of school approaches.

Yesterday, Arizona Governor Doug Ducey signed into law one of the most ambitious school choice bills in any state. The new law funds universal school choice so that EVERY parent in the state can give their children the best education possible. As the folks at the Arizona Freedom Caucus tell us: “It's a huge victory for educational freedom and limited government.”

"Across the state the free market will now dictate where government dollars go, as those dollars follow the student, and parents are empowered to choose the educational environment best suited for their child's success. This is a GREAT day for all Arizonans!"

Similar reforms have been introduced in at least seven other states using Arizona’s law as a template.

It’s a contest now between Arizona and Florida for which state is the school choice leader.

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3) NYT (Finally) Discovers Pandemic Fraud
Can somebody suggest these NYT writers subscribe to the HOTLINE? We’ve only been saying this for 18 months:

“In the midst of the pandemic the government gave unemployment benefits to the incarcerated, the imaginary and the dead. It sent money to “farms” that turned out to be front yards. It paid people who were on the government’s “Do Not Pay List.” It gave loans to 342 people who said their name was “N/A.”

As the virus shuttered businesses and forced people out of work, the federal government sent a flood of relief money... That included $3.1 trillion that former President Donald J. Trump approved in 2020, followed by a $1.9 trillion package signed into law in 2021 by President Biden.

But those dollars came with few strings and minimal oversight. The result: one of the largest frauds in American history, with billions of dollars stolen by thousands of people, including at least one amateur who boasted of his criminal activity on YouTube.”

These Democrats in Congress have a lot of nerve raising taxes by another half trillion dollars – while they do absolutely nothing to stop the rampant fraud and waste in federal benefit programs.

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4) “Mother Earth” Wants This Bill
We at the Hotline are starting a series on the outrageous defenses that backers of the Schumer-Manchin tax and spendapoolza are making. (Yesterday, we reported that Dems are actually arguing this bill will make America more energy independent.)

But now Speaker Nancy Pelosi claims the wind, solar and electric subsidies of the bill will appease an “angry” Earth.

“Mother Earth gets angry from time to time, and this legislation will help us address all of that.”

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We’ve always argued that environmentalism is the left’s pagan religion. As Rush Limbaugh used to say: "They worship the created, not the Creator."

Marc Morano, the journalist who runs the Climate Depot website asks: “Will human sacrifices be next to appease the 'angry' Earth gods? Actually, this bill will create human sacrifice by imposing even more suffering from energy deprivation, supply chain issues, food shortages, inflation, debt, and bad science.”

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5) The “A” Stands For “Audit”

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