We already know the national propane shortage has driven propane prices up by close to 100% in the last month. Now we’ve seen natural gas prices spike by 16% in the last month and 55% above the level of last year. Oil prices of $97 per barrel have kept gas prices near all-time highs for this time of year. Another round of global warming has hit the Midwest and will hit the East Coast tomorrow. Temperatures will be 30 degrees below normal. Wind chills well below zero will result in massive demand for natural gas and propane. But be thankful to Janet Yellen and her banker owners. They are worried about deflation. The BLS will conclude that natural gas and propane prices didn’t really go up by 55% to 100% because you froze to death and no longer needed heat. They call this deathonomic adjustments. Obama will be using a similar adjustment to healthcare premiums as people die waiting for Obamacare to cure them.
I know you are desperately worried about deflation, so be happy when you get your next heating bill.
