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.
Gas Prices, am I right?!
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?
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!!
Isn’t this thread about our local gas prices?
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
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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.
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.
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.
Support a statement? That's asking a lot.