Wednesday, November 16, 2022

"People Will Be Shocked Because They've Never Seen Prices Jump This High, This Fast"

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"People Will Be Shocked Because They've Never 
Seen Prices Jump This High, This Fast"
by Epic Economist

"We’re being hit on each and every front. And people will be in absolute shock when they get hit by the avalanche of price increases that will make virtually every aspect of our lives even more expensive. We’re being warned by energy providers, industry executives, farmers, grocers, and virtually everyone in the industry that more shortages and price hikes are headed our way. Millions of Americans are so broke right now that they’re taking two or three jobs, and still they aren’t being able to make ends meet. We’re being economically destroyed and the facts we’re going to expose in this video show that we do have a lot to worry about. Before moving on, support us with a thumbs up, and make sure you subscribe to keep tuned for our next videos!

For those who live in rural areas, are you ready to pay between $850 and $950 on energy this winter? And for the ones who live in urban and suburban areas, are you okay with paying between $1,300 and $1,800 to heat your home in the next few months? Because those are the amounts you’re going to have to disburse if you want to keep the lights on and stay warm during the colder months, according to the Energy Information Association.

Natural gas is the substance that powers our electric grid, and a shortage of the fuel is driving electricity prices to extraordinary levels. About half of the nation relies on nat gas as the primary source of home heating, as revealed by the U.S. Census Bureau’s 2021 American Community Survey. The EIA is saying that we’re going to face a nearly 30% increase in energy costs when temperatures start to drop. And that’s actually the best-case scenario. If national reserves drop even further, expect that rate to go even higher.

Higher energy prices are going to hit us in a whole host of different ways. We’re about to face sticker shock at the gas stations again, airlines may be forced to scale back on flights, freight prices will go through the roof, farming will become more expensive than it already is, and at the bottom of the economic chain is the end consumer, who is going to absorb all of these costs.

One trucking company said that they’ve never seen prices jump this high, this fast: “Customers really don’t want to hear it, but fuel prices are going through the roof so we’re having to charge more,” said John Migliorini, vice president of Lakeville Trucking in Rochester, N.Y., where diesel costs have nearly doubled to about $400,000 a month. “What choice do we have? I’ve never seen prices jump this high, this fast.” “We’re going to get hit on every front, on every expense possible,” warned Oklahoma farmer Ben Neal, “From fertilizers to fuel to labor, insurance – everything in between, including our packing supplies.”

Crops need to be transported to processors and final markets and the skyrocketing fuel costs to power the trucks, trains, barges, and ships to make that happen means that, at the end of the day, groceries are going to be getting more expensive. A lot more expensive.

Just imagine what may happen to your family members, co-workers, neighbors, the teachers of your kids, the cashiers at your local stores, the people who are trying to retire, and those who are already living on the edge of society. It is going to be brutal. What we are watching play out in front of us should sadden our entire nation, because everyone will be affected, and the next one could be you."
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