Inflation is down to 2.97% but prices are still higher than they should be.
As we've screamed all along—the leading driver of high prices was not inflation, but corporate price gouging. And corporations fund politicians to prevent accountability. That is the problem we face. (Also one reason I refuse corporate money in my run for US Congress).
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Today it was announced that the heat wave is causing equipment to break at refineries (equipment designed to operate at 1000+ degrees) and that's going to cause price increases at the pump. As if they didn't raise prices every time someone farts or burps.
