Weekend Update! Crude Oil Above $100, Diesel Fuel UP 155%, Coal UP 256% Under Biden, Mortgage Rates Now Above 4.5% – Investment Watch

by confoundedinterest17

The information simply retains getting worse and worse. Russia remains to be assaulting Ukraine, WTI Crude costs are above $100 a barrel and climbing, the Cleveland Browns signed Deshaun Watson to exchange Baker Mayfield at quarterback, and so forth.

However again to power costs. Since Biden was sworn-in as President, WTI Crude Oil futures are up 125%, common gasoline costs are up 89%, and diesel gasoline costs are up 155%. Diesel is vital since America makes use of diesel-powered vehicles to move items to market.

Globally? The world inflation fee has grown from 2% in January 2021 to six.82%. International meals costs are up 24%.

Sure, WTI Crude and Brent Crude are above $100 per barrel.

And coal costs are up 256% beneath Shoeless Brainless Joe.

Mortgage charges? Bankrate’s 30-year mortgage fee is now above 4.50%.

Let’s see if Dr. StrangeFedpolicy raises charges as aggressively as signaled.