Politics & Government
MacDonald: Paid $1.69 For Eggs, $2.69 For Butter And Gas Prices Are Dropping
According to a recent International Energy Agency Oil Market Report, global observed oil inventories climbed to 4-year highs in Octobert.
You can pay more if you want to. We've got stores hereabouts that'll take 4-5 dollars a dozen for eggs, but they always did that. The Biden printing-press inflation/spending machine drove up the cost of everything. Who was it that lost their mind when they found out a pound of butter was over seven bucks?
I bought it for 2.69/lb yesterday.
Some foods have not come down, and a few have gone up. Overall, much still needs to be done before that grocery bill feels better than it did last year or yesterday. Something that will help lower costs and inflation is energy, and there's an oil glut.
Find out what's happening in Merrimackfor free with the latest updates from Patch.
According to a recent International Energy Agency (IEA) Oil Market Report, global observed oil inventories climbed to four-year highs in October, reaching 8,030 million barrels. Stockpiles averaged 1.2 million barrels per day during the first 10 months of the year.
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The growing inventory overhang weighed heavily on prices throughout the year. West Texas Intermediate (WTI) crude fell from about $72 per barrel at the beginning of the year to roughly $58 by the end of December.
