Gas Prices, am I right?!

DonM · 2022-09-07T21:14:46+00:00

I can't find the other thread. Last Tee problems. Anyway I saw a few places today in north Texas at 295.9. Yay.

Par4QC

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.😦

Par4QC

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

Typhoon

Rex, you get gas yet this month?😂

Par4QC

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.

professor

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.

professor

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?

johnnydoom

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.

Par4QC

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!!

Typhoon

Isn’t this thread about our local gas prices?

Ack8236

Typhoon Isn’t this thread about

Now THAT'S funny!🤣

professor

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!

Par4QC

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.

Par4QC

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.

jsippy73

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

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.😂😁

DonM

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

DonM can't do that ie price controls. Only commies do that😄.

professor

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.

backinit

professor This is laughable. The US economy thrives on inexpensive energy. This is something Biden did his best to stick a fork in from the start. Bidenomics...

professor

backinit This is laughable. The US economy thrives on inexpensive energy. This is something Biden did his best to stick a fork in from the start. Bidenomics...

What a pain in the ass. This isn't The Water Hazard. You simply post an unsubstantiated opinion? And Walterjn and jsippy73 like it? Why, because rumors, gossip, and sound bites float your boat? Support your statement or shut-up. Are you famililar with the ebb and flow of "energy" costs? Take a look over time and share your experience with all of us. And, try to display a correlation between those costs and presidential administrations.

backinit

professor I don't have to "support" my statement for it to be true. And I don't have to attack you to disagree with you.
Lie, cheat, steal and attack...

jsippy73

professor
STFU

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