Besides Food, US Citizens are responsible for paying their Shelter and Transportation Costs.
Gasoline: The US average price of Regular Gasoline was about $1/gallon from 1990 to 1999. It rose to $1.50 in 2003 and $2.00 in 2005 and $3.00 in 2007 and $4.00 in 2008. Gasoline moved to about $1.80 in 2009 and moved back up to $3.90 in 2011. It dropped to $2.00 in 2016 and $1.80 in 2020. It moved to $4.92 in 2022 and settled back to $3.20 in 2024. The Oil Companies who had permits on Private Sector Land were able to increase oil production and lower the global price of oil.
https://www.eia.gov/dnav/pet/hist/leafhandler.ashx?n=pet&s=emm_epmr_pte_nus_dpg&f=m
Auto Insurance: The national average of full coverage car insurance is currently $2,543, a $529 increase over last year. In 2021, the average cost of full coverage car insurance was $1,674, meaning a 52% increase in just three years. The average national rate for liability-only car insurance is $638 a year. The most commonly required liability limits are $25,000/$50,000/$25,000, which mean: $25,000 in bodily injury per person. $50,000 in total bodily injury per accident. $25,000 for property damage per accident.
Credit Card Interest: To avoid interest charges, credit card balances need to remain at Zero. This happens when you pay off the entire balance each month rather than the minimum payment. Credit Card Interest: For credit card accounts that were assessed interest, the average annual percentage rate was 22.76% as of May 2024, according to data from the Federal Reserve. Depending on your credit scores, the interest rate (aka APR) on your credit card may be higher or lower. Credit Card Interest rates increased by 97.4% from 2013 to 2023.
Date Average%
Nov 2023 22.63%
Nov 2022 19.07%
Nov 2021 16.44%
Nov 2020 14.65%
Nov 2019 14.87%
Nov 2018 14.73%
Nov 2017 13.16%
Nov 2016 13.61%
Nov 2015 12.41%
Nov 2014 11.99%
Nov 2013 12.89%
https://www.nerdwallet.com/article/credit-cards/what-is-the-average-credit-card-interest-rate
House Insurance: The average homeowners insurance costs $1,678 per year for a policy with $350,000 of dwelling insurance, according to Forbes Advisor's analysis.on Oct 1, 2024.
Electric Power Bills: The average residential electricity rate has increased by nearly 40% from 2010 to 2024, from 11.62¢ to 16.19¢ per kWh. This increase has a direct impact on electricity bills, and the more electricity a household uses, the more noticeable the increase will be. For example, a bill for 1,000 kWh per month would have increased from $116 to $161 in the last 14 years.
Natural Gas Bills: Residential Natural Gas Bills increased by $491/ 1000 BTU from $10.32 in 2016 to $15.23 in 2023. That’s a 48% increase over the last 10 years.
Year $/1000 BTU
2023 15.23
2022 14.75
2021 12.18
2020 10.78
2019 10.51
2018 10.50
2017 10.91
2016 10.38
2015 10.38
2014 10.97
2013 10.32
https://www.eia.gov/dnav/ng/hist/n3010us3A.htm
30 Year Mortgage Rate in the United States averaged 7.72 percent from 1971 until 2024, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021.
30 Year Fixed Mortgage Interest Rates:
Year %
2024 6.32
2023 6.80
2022 5.34
2021 2.63
2020 3.11
2019 3.94
2018 4.54
2017 3.99
2016 3.65
2015 3.85
2014 4.17
2013 3.98
2012 3.66
2010 4.69
2009 5.04
2005 5.87
https://www.bankrate.com/mortgages/historical-mortgage-rates/?tpt=b#rates-over-time
Comments
If Trump and a Republican House and Senate are elected, Trump will close the border and deport the 21 million illegals back to their home countries. Jobs will free up for Working Class earners. He will increase oil and natural gas production and that will lower gasoline, electric bills and heating costs. Lower gasoline and natural gas prices will allow food prices to be reduced. Trump will end the EV Mandate and car prices will ease. If Trump’s Tax Bills are passed, he will be able to bring manufacturing jobs back to the US. This will increase job opportunities. Trump will end all wars and cut Federal Spending to reduce the National Debt.
Norb
Leahy, Dunwoody GA Tea Party Leader
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