Is Kansas City In Denial Of Rising Gas Prices, Recession & Inflation?!?

Kansas City has a tough time accepting bad economic news. 

There's something about this town's Midwestern work ethic that doesn't want to believe that greater effort, commitment and hard work can't solve every problem. Most locals refuse to give up idolizing the virtues of soul crushing labor until they're downsized and their job is shipped away to some 3rd world emerging nation that they once derided as backward. Hopefully, one day we can move away from outsourcing and robots can crush the human spirit on American soil.

Fair enough. 

Meanwhile . . . 

Global financial markets are cruel and they don't really care about Jesus, Santa, patriotism or any other of the superstitions that inspired songs for children.

Still . . . Here's what might be good news about pain at the pump . . .

"Gasoline prices have already risen over 50% compared to this time last year," Andrew Lipow, president of Lipow Oil Associates, said.Lipow is a consultant to the oil industry in Houston, Texas, and anticipates the Kansa City area will see gas inch toward $4.60 in the next 10 days. But how high are we talking?"I think it's unlikely that the Kansas City area is going to see over $5 a gallon, but that of course depends on events that are really beyond our control that are happening overseas," Lipow said.

Read more via www.TonysKansasCity.com links . . .

Oil industry expert predicts Kansas City gas prices will reach $4.60, won't surpass $5

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High gas prices steer daily commuters to public transportation

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The national average gas price is creeping toward $5 a gallon, and there's no immediate end in sight

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Steep fuel costs have rideshare drivers considering changing jobs

KANSAS CITY, Mo. - With gas prices continuing to rise, Steven Mathis, a Lyft driver, will be lucky if he can break-even after a full day of work. "I have to work seven days a week instead of three," Mathis said. That's just to make ends meet.

Why US gas prices are at a record, and why they'll stay high for a long time

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Inflation divide: The wealthy splurge, the poorest pull back

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Inflation, economy top of mind for Americans heading into midterms: poll

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