Gas Prices, am I right?!
Par4QC All of that is mainly due to Covid. Wages/income skyrocketed in order to get employees to work, or even stay working. Anyone selling anything is going to have to raise prices, and even those that don't need to, will & did.
Who was in office during the start & height of Covid.....and could have done A LOT more to stop what we are seeing now?
That man......
And that's why we need more folks like you engaged in these types of discussions. Finally, a voice of reason, knowledge, and understanding! Thank you!
johnnydoom Tell that to my boss. I have not seen engineering wages increase 40% since Covid. Please don't tell me it's raining while the administration is pissing down my back.
And, how much more is your boss making now?
johnnydoom BTW - I got gas today and it was $2.69. So better than 3 weeks ago by $0.20.
Thank Biden right?!
propman All administrations piss down our backs. Imo, foolish to think otherwise.
And, another! Wow, is this national clarity day?
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professor That's like thanking the salesman that increases the price of an item by 40% and then offers a 10% discount. Maybe I would thank him if I never knew the price to begin with, but this all happened right in front of me. I do appreciate that it is lower now, but I would rather that it never went significantly higher in the first place.
Just thank Mr. capitalism. Biden or and other POTUS have very little to do with gas prices.
Oil companies charge what they can get away with be it the Arabs,Russkies or the good ole USA.
They all love money and the more of it the better.
propman Capitalism seemed to benefit the consumer more during the last administration.
johnnydoom correct. Demand was low during covid. Wasn't oil selling as low as $10 barrel? Great times indeed.
It was pretty consistently lower throughout the previous administration. Lower than the one that preceded it (although that one was received very high from Bush) and lower than the one that followed. Covid affected it, but not starkly, This is price per liter for some reason, but the quickest I could find.
johnnydoom kind of surprised it wasn't lower during covid especially given the low demand. Guess the oil gods put a line in the sand at approx. $ 2 per gallon.
…. So I held off. Get it around here for less.
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propman
Stockholders will verify this as well as csuite execs.
If pols try to control prices,
Everything has a cost in oil. When oil prices increase the price of many ( even most ) things can be impacted . Petroleum products are the main fuel for cars, trucks, trains and planes so doesn't matter if it's your daily starbucks coffee or the toothbrush you use the cost is impacted by the price of oil. Of course there are many businesses that try to absorb the price especially if they are in a highly competitive market. Petrochems are used in many packaging materials, and to make the electronics in your computers and phones and the clothes you wear, even in the food you eat.
farming apparently uses the most oil products in fertilizers and pesticides. Estimates are that almost 300 gallons of oil are needed to bring one cow to full grown.
A simple strategy that can help to try and offset the impact of oil stimulated inflation is to invest in a basket of oil stocks. Now is a good time as producers are making money hand over fist, paying down debt and returning capital to shareholders via share buybacks and dividends. Investing in grocery company stocks also makes sense. The only stocks I held during the pandemic were 2 of our main grocery stocks. Ride the gravy train ....
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Yipsy We should be seeing food prices dropping because of lower fuel/transportation costs.
The discussion in here is about gasoline.
If you want to discuss transportation costs for food, or just about anything else that gets 'delivered/moved/consumed' across the U.S., you'll need to be discussing diesel fuel prices. And the mpgs of the vehicles transporting such.
Even the delivery of gasoline is dependent on diesel!!!