Inflation, what inflation? There is no inflation.
In this day and age, it’s not really a surprise that there has been a heated debate over how to increase the price of gasoline. The simple fact is that when combined with increasing fuel economy standards, these costs are becoming prohibitive for many consumers. As a result, gas has become a key part of our everyday lives. Someday soon, though, we’ll all be able to drive hybrid or electric vehicles. And sooner than later, we’ll be able to buy much more expensive gasoline at the pump. This means that politicians will have to take some action in order to prevent higher prices from becoming permanent fixtures of our daily lives. But when inflation started to be politicized, you will have to accept the high inflation but take a bigger hit of your paycheck while the government probably will have no solutions for a very long time.
What is the latest galactical debate concerning fuel prices?
While there are plenty of topics that can be discussed about the truly essential nature of money, it’s no secret that the price of oil has greatly increased in the last decade. And yet, the price of oil has remained relatively the same each and every year. This means that most of the attention has been focused on what happened in the oil and gas sector in the previous year.
The problem with constant inflation
One of the most discussed topics in the debate surrounding the future of gas prices is the increasing price of oil. Currently, the price of oil is peaking at $123.7 per barrel. This increase in price can be attributed to both rising demand for oil and the recovery of global markets but with limited supply to increase the price.
That has been said, the cheap energy era may have ended, and you will have to pay a higher price to catch up of lacking higher prices in the past decades. Similar to all scenarios of the costs from food to consumer goods.
Oil and gas exploration and production
There is much more to the debate surrounding the price of gas than just the amount of oil that is being produced. As more and more people are able to access the oil and gas sector, demand for the products will increase. But because of the monopoly, the price of energy has been controlled, and people are dependent on and have to pay whatever the price will be.
Tax policy
One of the areas that have consistently challenged the notion of increasing the price of gas is tax policy. On one side, there are those who believe that increasing the tax rate on income and assets is a great way to lower overall fuel costs. On the other side, there are those who believe that both the price of oil and the market value of oil should be increased in order to generate more revenue for the government.
How to increase gasoline prices
There are a number of ways to increase the price of gas. One of the most popular ideas is to pass a fuel discrimination law. Currently, many states have such a law on the books, but it’s still a very far off possibility. Additionally, it’s not clear how or when the legislation would be enforced.
Polling that doesn’t work anymore
Finally, there is the question of polling that doesn’t work anymore. While it’s certainly possible to conduct market-research-based surveys about the current state of the market, doing so without any incentives is definitely a recipe for disaster.
Conclusion
The price of gas has increased dramatically over the last few years. At the same time, most of the attention has been focused on the price of oil. As a result, there is much room for improvement in the way that consumers and businesses are able to reduce their overall fuel costs. With the shift to a cleaner, more sustainable energy source comes an important responsibility to reduce the overall price of gas.
The future of the price of gas lies in the hands of all of us. The sooner that happens, the more time that passes for the price of gas to rise and for it to fall. With time, it will pass from the distant past into the distant future. Maybe it is time to shift into crypto?!
Thinking it too late to buy Bitcoin? How about earning Bitcoin through daily spinning? Try Fold App here and start your Bitcoin earning journey with a free $2 to start!
Photo by GR Stocks on Unsplash
Note: the post was shared on multiple platforms here.
You can refer my previous article lists here and here
------------------------
2022 Prediction
2022 Prediction #1: L1 Scalability
2022 Prediction #2: L2 Bridges
2022 Prediction #3: Zero-Knowledge Proofs or ZKPs
2022 Prediction #4: Regulated Defi On-Chain KYC
2022 Prediction #5: Institutional Crypto Adoption
2022 Prediction #6: Defi Insurance
2022 Prediction #7: NFTs-Based Communities - DAO 1.5
2022 Prediction #8: Metaverse and NFTs
2022 Prediction #9: Web2 Companies’ FOMO
2022 Prediction #10: Time for DAO 2.0
------------------------
DAO The Way
DAO The Way Part 1
DAO The Way Part 2
DAO The Way Part 3
DAO The Way Part 4
DAO The Way Part 5
DAO The Way Part 6
DAO The Way Part 7
DAO The Way Part 8
DAO The Way Part 9
DAO The Way Part 10
DAO The Way Part 11
DAO The Way Part 12
DAO The Way Part 13
------------------------
Learn How To Defi
Learn How To Defi Part 1
Learn How To Defi Part 2
Learn How To Defi Part 3
Learn How To Defi Part 4
Learn How To Defi Part 5
------------------------
Crypto Comics
Crypto Comics
Crypto Comics - PoW
Crypto Comics - Who is Satoshi
Crypto Comics - What is Token
Crypto Comics - What is DeFi
Crypto Comics - What is Wallet
Crypto Comics - What is HODL
Crypto Comics - What is Coinbase
Crypto Comics - What is PoS
Crypto Comics - What is DAO
Crypto Comics - What is A Block
Crypto Comics - What is NFT
Crypto Comics - What is Fork
Crypto Comics - What is Web3
Crypto Comics - What is DeFi-2
Crypto Comics - What is Yearn Finance
Crypto Comics - What is Degen
Crypto Comics - What is Aping
Crypto Comics - What is Cold Wallet
Crypto Comics - What is Hot Wallet
Crypto Comics - What is Airdrop
Crypto Comics - What is DYOR
Crypto Comics - What is 65537
Crypto Comics - What is RC4
Crypto Comics - What is WAGMI
Crypto Comics - What is Bagholder
Crypto Comics - What is Decentralization
Crypto Comics - What is Wallet Address
Crypto Comics - What is Plagiarism in Web3
Crypto Comics - What is Bart Pattern
Crypto Comics - What is Encryption
Crypto Comics - What is Consensus
Crypto Comics - What is Protocol
Crypto Comics - What is Stablecoin
Crypto Comics - What is ApeCoin
Crypto Comics - What is FOMO
Crypto Comics - What is Tokenomics
Crypto Comics - What is APR
Crypto Comics - What is to The Moon
------------------------
Learn Web3 in 100 Days
Learn Web3 in 100 Days - #1 What is the Internet and How Relevant to Web3
Learn Web3 in 100 Days - Day 2: What are the Browsers and Servers
Learn Web3 in 100 Days - Day 3: What are HTTP Status Code
Learn Web3 in 100 Days - Day 4: HTML and CSS and JS
Learn Web3 in 100 Days - Day 5: What is programming
Learn Web3 in 100 Days - Day 6: Markup, Elements, Tags, and Hyperlinks
Learn Web3 in 100 Days - Day 7: Style Your Web
Learn Web3 in 100 Days - Day 8: JS
Learn Web3 in 100 Days - Day 9: SQL
Learn Web3 in 100 Days - Day 10: Front-End
Learn Web3 in 100 Days - Day 11: Front-End Framework
Learn Web3 in 100 Days - Day 12: More HTML
------------------------
Modern Economic Nonsense
Modern Economic Nonsense - Inflation and Incentives
Modern Economical Nonsense - The Astrologist's Way
Modern Economical Nonsense - The VUCA World
Modern Economical Nonsense - Zug Tax and How to Run your Own Monopoly
Modern Economical Nonsense - Participatory Economy
Modern Economical Nonsense - Economic Models
Modern Economical Nonsense - Tokenomic Models
Modern Economical Nonsense - Design A Reputation-Based System
Modern Economical Nonsense — The Money Problem
Modern Economical Nonsense — The Treasury Problem
Modern Economic Nonsense — Bitcoin vs. Real Estate
Modern Economic Nonsense — A very long term view
Modern Economic Nonsense — Banking Collapse
Modern Economic Nonsense — A Wall Street Legend
Modern Economic Nonsense — A Modern Alchemy
Modern Economic Nonsense — Founder goes ghosting
Modern Economic Nonsense — Anonymous cool or fool
Modern Economic Nonsense — The market volatility
Modern Economic Nonsense — The money shortage
Modern Economic Nonsense — The web3 scams or not
Modern Economic Nonsense — All about debts
Modern Economic Nonsense — Metaverse is still relevant or not
Modern Economic Nonsense — A Show of Recession
Modern Economic Nonsense — A Myth of Valuation
Modern Economic Nonsense — Inflation becomes irrelevant
Modern Economic Nonsense — A journey of money laundering
Modern Economic Nonsense — Consumer Sentiment Might Be Low
Modern Economic Nonsense — Is payment technology still relevant in high inflation environment
Modern Economic Nonsense — Recession is coming
Modern Economic Nonsense — We are at the bear market, now what
Modern Economic Nonsense — Invest like a cat
Modern Economic Nonsense — Bitcoin leads the market recovery
Modern Economic Nonsense — The dollar is dying slowly
Modern Economic Nonsense — The current stock market wants to go back to 2019 but ignore the technological solution of the future
Modern Economic Nonsense — Today's fear, tomorrow's cheer
Modern Economic Nonsense — An engineering recession
Modern Economic Nonsense — The market is broadening rug pull everyone
Modern Economic Nonsense — The self-fulfilling recession
Modern Economic Nonsense — Crypto is changing the advertisement business
Modern Economic Nonsense — Blockchain phone
Modern Economic Nonsense — Next generation of wealth
Modern Economic Nonsense — Crypto winter prolonged with high inflation persists
Modern Economic Nonsense — The era of currency debasement
Modern Economic Nonsense — What if the Fed gets inflation all wrong
Modern Economic Nonsense — The Bitcoin apocalypse is coming
Modern Economic Nonsense — The Bitcoin reserve is coming
Modern Economic Nonsense — Payment apps move away from the fiat currency
Modern Economic Nonsense — Web3 continues building despite the bear market
Modern Economic Nonsense — Banks are seeking shelter in cryptocurrencies
Modern Economic Nonsense — Inclusive blockchain
Modern Economic Nonsense — Time to reinvent cryptocurrencies
Modern Economic Nonsense — Crypto companies' bankruptcy wave is healthy
Modern Economic Nonsense — The Bitcoin mining company is not profitable
Modern Economic Nonsense — Crypto attracts more talents in the current market
Modern Economic Nonsense — Why Bitcoin Maximalism will fail
Modern Economic Nonsense — Gaming culture and crypto
Modern Economic Nonsense — Global crypto regulations are coming
Modern Economic Nonsense — Decentralization may not work as everyone expects it would
Modern Economic Nonsense — Government opens ideas to the public about cryptocurrencies
------------------------
Random Thoughts
The latest crypto secret weapon - Hyper-personalize shopping
Russia Prohibits Crypto as a Legal Payment (What are the Consequences?)
Cyber criminals using crypto mixing services are booming
The Next Frontier of Gaming: Introducing the Metaverse
Crypto VC becomes so chaotic
We are heading into the debt crisis and crypto can help
How Three Arrows Capital Missed Every Target They Aimed
55% completion of Ethereum 2.0 means an unfinished product
The dollar is ever stronger
When Crypto gets into politics
Bitcoin Reduces Cost Of Living
Free education in crypto
The banking system rules out the crypto market threat
The US Stablecoin Bill is coming soon
MetaMask Ethereum Wallet update to prevent scams
We are in a recession, no doubt?!
How high leverage crypto lending market collapses
What Metaverse?!
Self-proclaimed Bitcoin creator Craig S. Wright won the legal case for £1
Ethics of Crypto
Crypto hacking is inevitable
The parallel money system
The Crypto has no greed problem
Banks are secretly hoarding crypto
Why there is not crypto banking exist
Financial sanction to mixers
The Future of Machine War II
Why Gold System Comes Back
Your future landlord is buying crypto
Future of the blockchain
The Ethereum Merge
Smart Contract Ponzi Schemes
Crypto can help to create meaningful jobs
Crypto VC from WeWork to WeBack
Misconception about Ethereum Upgrade aka Merge
Misconceptions about the NFTs
Learning Blockchain through Python: Part 1
Opinions about Ethereum’s Future
Meta...verse?!
Arrested Tornado Cash Dev signals the next arrest maybe you
Bitcoin's Taro has a scalability doubt
NFT Repurpose
What Defi?! It is more like a Nofi
The future of the economy is looming again
CBDC is useless
Ethereum is winning in the coming short term but privacy will be once to win for all
AVAX Conspiracy
Lessons Learned from the Global Economy Crisis (NFSW)
Compound REKT
Helium + Solana = ??
You need insurance for current inflation
NFT licenses
My opinion of neural networks as a philosophy
Metaverse Winter is So Cold
Cult or DAO, You Decide
The Fourth Dimension of the Crypto Universe
Threats of the Crypto Universe
Gambling of the Crypto Universe
Bitcoin Mining Energy Myth
NFT marketplace is quietly collapsing
When Luna is a meme coin
A Dream of Interpersonal Computing
After Terra co-founder's Arrest Warrant
A disappointed boring Ethereum Merge
A disappointed First-Ever comprehensive framework
State vs. Individual
The currency crisis reaches its peak
My opinion about inflation in the future
When slow means better
You just got fired
When banks play double dipping
Why Defi is smoking
One of the biggest advantages and disadvantages in crypto
AI vs Tornado Cash
When fiat currency is volatile
The core reason why Defi is not working
What if you regret your crypto transaction
What Did the Bank of England just Do?
Decentralized Social Media is a BS
A trust issue
Not an expert
Kim Kardashian’s $1.26 million crypto ticket
Deglobalization is happening
How unnecessary the blockchain bridge is
Proof of Stake makes sense
When the dollar is the protocol of the money
The Metaverse and NFTs liquidity is drying up
Bank of England goes barrrr
What if the crypto goes centralized
Burnt Hair
Google’s Partnership With Coinbase
Censorship resistance is the key to crypto
Money of the money
Crypto is not impressive in the high-inflation environment
When West is Seeking Satoshi for Advice
Taxes for digital assets
Non Transferable Shares
Crypto market is boring now
Crypto culture is dead
How to navigate the crypto space
Web3 CEOs exit
Guilty as charged
Regulations of what
Meta is dying
How Bitcoin is fighting inflation so far
Twitter the meme land
------------------------
Yearn Finance Comic
Yearn Finance Comic - Part 1
Yearn Finance Comic - Part 2
Yearn Finance Comic - Part 3
Yearn Finance Comic - Part 4
Yearn Finance Comic — Part 5
Yearn Finance Comic - Part 6
------------------------
Curated Lists
Curated Lists - Web3 Culture
Curated Lists - Crypto-enabled Communities
Curated Lists - Crypto Philosophy
------------------------
Defi 101
Defi 101 - Part 1
Defi 101 — Part 2
------------------------
Thoughts
Thoughts about VC and PleasrDAO x BitDAO
The Crypto Market has Changed
The Myth of Inflation Hedge
The Myth of Stablecoin
The Myth of NFT
End of the Crypto Market?
The End of the Stablecoin?
Terra-UST Saga - How to repair the trust when there is no trust built on
How to deal with negative market sentiment
------------------------
Crypto VC Thoughts
Crypto VC Thoughts: Physical Assets vs Digital Assets
Crypto VC Thoughts: Digital Money Pushes Energy Companies to Innovate
Crypto VC Thoughts: GameFi Dilemma
Crypto VC Thoughts: Credit Oceans
Crypto VC Thoughts: The Death of Terra
Crypto VC Thoughts: Debunk Bitcoin Myths
Crypto VC Thoughts: Defense Crypto Investment Methods
Crypto VC Thoughts: New Type of Stablecoin
Crypto VC Thoughts: Crypto Business Cycle
Crypto VC Thoughts: Crypto Business Cycle 2
-------------------------------------------------------------------------------------
Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
