Washington State is *OUT* of GASOLINE!
They are now changing their signage to prepare for $10 Per Gallon! Add me on insta @ThisisJohnWilliams
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We are seeing an entirely new economy being reshaped before our eyes and in this new economy we are witnessing the collapse of cheap gasoline. Today, Washington State reported that over a dozen different gas stations are out of gasoline and that are preparing for $10 dollars per gallon. What will this mean for small business owners? These small business owners are going to have to pay for these rising costs which could be very bad for aspiring small business owners and entrepreneurs. These entrepreneurs chasing passive income over the last few years had it easy compared to the business owners and aspiring passive income entrepreneurs that are attempting to make money today.
The big question is how will this economy hold up with gas prices hitting $8 dollars per gallon, $9 dollar per gallon, $10 dollars per gallon? We will see less cars on that road that is for sure.. We will likely see us go from an inflationary environment into hyperinflation as all of the costs will be pushed to the consumer as small business owners can not afford to absorb all of the additional costs when they are already paying for increased costs due to the supply chain disruptions.
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