Drudge Retort: The Other Side of the News

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GM profit shrinks despite stronger sales
Automaker warns tariff impact will be greater next quarter

www.foxbusiness.com

NOTE: This was posted on 22 July - prior to the Trump Tariffs announcement, so how about you quit posting phony info about the tariffs being the problem.

You mean like those costs surged under biden&company's [his handlers]?

GOOGLE AI OVERVIEW: In recent years, particularly since 2021, the average residential electricity bill in the United States has seen a notable increase.
Here's a summary of the trends and factors involved:
Rising Electricity Prices: The average residential electricity rate in the US has accelerated its upward trend since 2021, after remaining relatively modest for the previous decade.
Significant Increase in 2022: In 2022 alone, the average residential electricity bill increased by 13% nominally, rising from $121 to $137 monthly. Adjusting for inflation, this represents a 5% increase.
Factors Contributing to the Rise:
Inflation: High inflation during this period has been a significant contributing factor to rising electricity prices.
Increased Demand: Extreme temperatures (both hot and cold) have led to increased demand for heating and cooling, thereby driving up electricity consumption and prices.
Fuel Costs: Higher fuel costs for power plants, particularly natural gas, have also played a role in pushing up electricity prices.
Grid Modernization: Investment in upgrading and maintaining the aging electricity grid infrastructure contributes to higher transmission and distribution costs, which are reflected in electricity bills.
Policy Shifts: The shift toward renewable energy sources and away from fossil fuels, while having long-term environmental benefits, can create short-term cost pressures and require investments in grid modernization and backup generation capacity.
Economic Recovery & Growth: Post-pandemic economic recovery and growth, combined with the increasing electricity demand from sectors like data centers, are also impacting electricity prices.
Forecasted Continued Increases: The U.S. Energy Information Administration (EIA) expects retail electricity prices to continue increasing through 2026, and to outpace overall inflation during this period.
In essence, while various factors are at play, including inflation and increased demand due to weather and economic activity, the average electricity bill in the US has demonstrably increased in the years coinciding with the Biden administration.

Lived in The Keys from '91 to '02 and have a Conch Republic T-Shirt, and wife has a Conch republic front license plate on her SUV:

encrypted-tbn3.gstatic.com

Have friends at Crystal River and The Villages, so will be at one of those two areas, depending what we find to buy as paying cash for a home, as no way entering retirement with a mortgage. Both cars are paid off and have low milage, and with Soc Sec, Mil Retirement pay, as well as cash flow off retirement, do not even intend start wife's Soc Sec at this time a let it increase before starting it.

Proper planning is more than half the battle when going into retirement [Honest fact: been retired a number of years, but younger wife has finally retired as of June] .

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