The US economy is heating up. Its growing fast. In fact, its growing so fast and so seriously that there are those in the know that are talking about a dreaded word not seriously thought about in years. Inflation.
Unemployment keeps dropping. Labor participation keeps rising. Wages are gaining serious upward traction. Companies are investing and expanding. Investors are getting a little worried that inflation could rear its ugly head because of all this rapid growth.
And the State of California, via Gov Jerry Brown, has warned its citizens that the state most likely will experience a recession in 2018. Add to that bad news in a very high tax, high regulation state that economist seriously believe in a time of plenty, Californians my end up paying through the nose as if there was a lack.
Gas is expected to rise in California and the rise will have nothing to do with supply and demand. Is it that Jerry Brown, California Democrats and liberals in other states want California to fail economically in order to put a drag on the Trump economy? What else would you call raising taxes into the stratosphere in order to punish people and companies who got a Federal Income tax cut.
What else would you conclude when the entire nation is experiencing growth and CA is the only state declining? You decide.
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Bloomberg: California Could See The Return Of $4 Gasoline By May
