The gasoline refiners are reporting their earning now, and they are getting killed. Even Exxon, who earned more money than God, earned less than expected because their refining earnings were lower than expected. Politicians rarely have a good grasp of economics, or what the economy is actually doing. This is typically true regardless of party, so I'm not favoring either party here.
This week, oil bounced off of $120 a barrel and closed today at $111.00 a barrel. It could test $100.00 a barrel. Gold was close to $1000 an oz., and is now under $900. Most of the commodities have dropped too. What is hard to know is if this is temporary, and that the trend upward in prices will resume, or if we have hit the top, and prices will now moderate somewhat. Only time will tell for sure.
So on Friday morning, I will take Judy away for a quiet weekend away from here in a secluded retreat in a secret location for a fabulous get-a-way weekend in exotic surroundings. More later! We're going to have fun. There could be a little sushi involved.