Disinflation watch

-Novmber 18,2023-

OIL PATCH ‘GUSHER’

Turns out they did “drill-baby- drill”

Kern County's oil patch
Kern County’s oil patch

U.S. oil drillers have not been restrained in 2023  as some feared. Reuters reports that for the first three quarters of 2023, U.S. oil production has averaged a record 12.8 million barrels per day. The previous annual record — set in 2019 just before the Covid-19 pandemic impacted production —was 12.3 million bpd.

If you’re driving to grandmas house this week stop at Hanford Costco station where they’re selling regular for $3.89.

Wall St Journal -Disinflation

Shoppers Are Finally Getting a Break on Prices

In some cases, Walmart and other retailers are offering better deals on food and clothes than a few months agoScreenshot 2023-11-18 at 5.39.36 AM

Screenshot 2023-11-18 at 6.11.18 AM

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