Paying Premium for Regular

The media are masters of peeing on our heads and telling us it’s raining.

But when it’s neither rain nor pee, but gasoline, there’s no disguising the smell:

Gas prices have risen for 32 days straight, according to AAA.

That means that the average price for a gallon of regular unleaded gasoline has increased more than 13% over that period to $3.73.

It’s hitting wallets right in the middle of winter, when people are already looking at large home heating bills. And it comes just after many Americans have been hit with smaller paychecks, and are worried about looming budget cuts that could deliver an even deeper blow.

Whoa! That sounds like journalism! Where did that come from?

As the U.S. housing market experiences a resurgence, the jobs picture brightens and consumer spending expands, anticipation of higher oil demand is driving up prices.

That’s better. Unemployment “ticked” up last month, not down, and who doesn’t feel like filling up their tank every time a house is sold? That’s the CNN I know.

Still, there’s only so much wool you can pull over the eyes of the middle class American:

For the average American, all this couldn’t be happening at a worse time.

Most of the country’s 160 million workers are taking home less pay each week since the payroll tax cuts expired last month.

The government in 2011 had temporarily lowered the payroll tax rate for the first $113,700 of annual earnings in an effort to keep more cash in the pockets of Americans and provide a boost to the economy.

Now, workers earning the national average salary of $41,000 are receiving about $60 less on every monthly paycheck.

That’s about a tank and a half of gas. Come in awfully handy this winter. Still, if these boobs can’t afford to drive to their polling station, some good may come out of it.

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