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 ....

      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!!!

        professor a voice of reason, knowledge, and understanding!

        Not even sure what came over me..... didn't mean for that to slip out in public.😦

          Yipsy Anyone expecting any prices to drop, is just not living in the real world today. Even if fuel costs would drop to 1960's levels, it would only mean more profit for those using it. Wages will not drop. Product pricing would not drop. Why should it, due to just the 1 thing??
          If a company cannot take back your wage increase, why would they ever take back a price increase? And if they were able to take back wages, and prices dropped.....where would the line of relief fall where people are gaining in money in pocket vs. outgo??????

          Plus, because people do not realize it, the gvt. has very strict regs on the trucking industry. And they are getting stricter. And it has caused slowdowns in delivery times, for the most part. Speaking here about OTR trucking, not delivery services.
          So, fuel savings would really have no bearing on their prices. That is only a small part of it all.
          jmo

            Weirfan 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.

            Hah-hah! That's exactly what Vanguard does.

              Yipsy I take exception of Janice's view of that time. Theater of the mind sells. Low gas is critical for so many reasons. To make up reasons why it isn't important is wild.

              I don't think you understood or appreciated the parody posted by Janice. That wasn't the point. Golly, don't you get satire on your planet - the one that has that theater?

                Typhoon 😄
                I have not, in fact. Not even down to 1/2 tank w/230 mi.. I do have a special deal from Shell for tomorrow although it won't be worth the drive.

                  Yipsy Theoretically, if you don't, someone else will see an opportunity to undercut your business and still make a nice profit due to lower costs. At least if the market was free that is what would happen.

                    Yipsy Well, your reply says that you are not the consumer, you are the retailer. And just because you saved that (now) $700, does not mean those savings will be passed to consumer. Because you know the consumer is now making a lot more money and tolerates current pricing. ("Specials" notwithstanding, of course)

                    And if you do decide to drop the price way down to 'what used to be'......you're going OOB. All of your overhead has also gone way up, and it will never come down!!

                      Yipsy The point that was being discussed was lower fuel prices. Lower fuel prices will never bring down consumer pricing. It will only increase retailers/distributors profits. And that is if, and only if, transportation costs are reduced. And if I'm used to seeing a check every week for $5000, I'm not going to drop that to be $4000. Even if fuel is free.
                      imo, there is no such thing as competition in pricing any more. No matter the product. You may not see prices going up, but I'll say you will never see them going down. Unless to liquidate older stock/excess inventory on hand. Or a short term 'price war'. Fluctuations will always occur also, but in the end, prices average out over time.

                        Yipsy "Seasonal"/fresh produce.......the fluctuations I mentioned😉.
                        At that, prices won't be lower. The more you sell, the more you need. The more you need creates more transportation.

                        I'm done here. Prices are not going to go down due to price of fuel. Even with free fuel. Reality.
                        That 40K truck will be 44K next year even if fuel costs go down 50%. It will not be 40K!! Or less.

                            Typhoon Isn’t this thread about our local gas prices?

                            It's nice to see a discussion that does have some political ramifications and folks can remain civil and rational.

                            Par4QC I'm done here. Prices are not going to go down due to price of fuel. Even with free fuel. Reality.
                            That 40K truck will be 44K next year even if fuel costs go down 50%. It will not be 40K!! Or less.

                            Exactly! It's so good to see this level of understanding. Gives me some hope!

                                  DonM OK, we must have veered into the "am I right?!" part of the thread. Clearly by the recent responses, you are wrong since not a gas only, if at all, price thing.😂😁

                                      professor It's nice to see a discussion that does have some political ramifications and folks can remain civil and rational.

                                      lol lol lol lol

                                        Bravopilot Every year or so, we veer off into oil companies are greedy, prices should be set by government central planners, etc.
                                        🙂

                                        Usually it’s just before summer starts, though.

                                            propman can't do that ie price controls. Only commies do that

                                            Well, rent control was a bust. Despite my being a "liberal", when it comes to economics and even the social programs for which I lean left, most Federal regulation tends to just be interference. I've got issues with a very human tendency to look for easy solutions to complex problems. But I've grown tired of the misattributions to presidential administrations for all the erroneous blame they receive.