Gas Prices, am I right?!

Does saying that low energy cost is beneficial to an economy really require support? Is there some product or service that doesn't require energy that we can use to drive the economy?

I can see why some products that use one form of energy may benefit from a high cost to alternative energy, but overall the lower the cost of energy, the lower the cost of everything. Unless you assume a lack of competition in the economy, in which case there is an additional issue that needs to be addressed, but unrelated to whether lower energy costs is beneficial.

johnnydoom
You're way over his head. All he wants to do is ridicule people. It's his way of having fun or getting off.

jsippy73 You're way over his head. All he wants to do is ridicule people. It's his way of having fun or getting off.

At least johnnydoom can put together comprehensible statements. It's good that you show your ass in The Clubhouse. That way everyone gets to see your level of ignorance.

johnnydoom Does saying that low energy cost is beneficial to an economy really require support? Is there some product or service that doesn't require energy that we can use to drive the economy?

That's not all he said/asked/asserted. Why'd you skip the rip on Biden? What prevents you folks who support him from substantiating your opinions. I guess it's "just because..." Just plain ignorant.

johnnydoom but overall the lower the cost of energy, the lower the cost of everything.

It's supposed to work like that. It used to. 10 years ago I never really noticed prices fluctuating with energy prices, but that may be from not paying attention to such. But in the years between now and then, I have seen it. ex., I used to buy 12 pks of 'pop'...soft drinks at the gas station around the corner and would comment when paying as to the price being related to their gas pricing.......up when gas was up, down when gas was down. Jokingly asked them if they knew if what was in the cans would taste like oil? Grocery prices were always up/down, and that was always the case, every visit would be different, esp. in certain depts. within the store.
Other than gas & grocery prices, I don't notice any fluctuating. With home energy use, typically it goes up. Housing goes up. Vehicle prices go up. Entertainment goes up. Dining out goes up. Clothing, to an extent, goes up. And yes, golf equipment goes up(only down on previous year models).
And wages go up, and have gone way up for most/a majority of employees....in certain fields/areas.

If prices drop, they will not over all areas, only where is 'normal/historical'. And we, imo, will not notice it so much. Workers will never give up wages nor will companies give up profits. Both sectors are used to what they now have. And the companies will keep theirs up in case of another Covid type situation. Price declines may only come from excess inventories and be very temporary/short term deals. Much like end of year vehicle model sales, which never 'save' anyone any money.

I read an article yesterday about some lady that, because of a discussion with her husband, went back through her Wal-Mart grocery receipts. 4 years ago she spent $XXX on 1 visit. She went through the list and input those same items on a 'to buy' list. Total came to 135% higher!
Prices are not coming down to where people are thinking/wanting/needing. The world has never worked that way. We might see $2.00 gas for our vehicles tomorrow, but in 3 years we might also have to sell said vehicles.....can't afford gas!!
And btw.....that vehicle ins. & registration is not going down either.

Everyone wants to talk about the weather, but................

johnnydoom They do appear, anecdotally, to be losing quite a bit of business lately around here due to keeping the prices high.

This made me chuckle. People complaining about fast food prices......are they now going to buy groceries and eat at home?
Then complain about the food prices in the store + having to cook meals??

johnnydoom But companies will give up workers if they need to attain competitive pricing while keeping a profit.

My grocery store has about 11 lanes. Every time I'm in there, 1 or 2 are open, besides self-checkout. Even on Friday.
Not sure what they are going to do when they get rid of self-checkout, as most places are now doing.

And btw.....that chain claims to be 'employee owned'.

professor At least johnnydoom can put together comprehensible statements. It's good that you show your ass in The Clubhouse. That way everyone gets to see your level of ignorance.

The "Professor" showing what he does best: Personal attacks.

Par4QC I don't know where the people are going instead. I've just noticed that the places my kids like close by, Wendy's and Taco Bell, used to have very long lines in the drive thru a couple of years ago and now we can pretty much just drive up and order. They're not eating inside these places either. So either it's pre-made stuff from the frozen food section, or they're going to the numerous sit-down Mexican restaurants, which seem to be doing quite well since the prices are now equivalent, but the service is much better.

johnnydoom Wendy's and Taco Bell, used to have very long lines in the drive thru a couple of years ago and now we can pretty much just drive up and order. They're not eating inside these places either.

Many deals are only when you order through the app. I do that and usually pick it up, they have a spot that you just walk in and grab it. Many these days do the "Doordash" thing too, I prefer pickup. Part of the reason for smaller lines at the drive-thru.

DonM you paid way too much!

sdandrea1 A lot of places are taking the self checkouts, out. They have 2-4 employees standing there anyway, watching for theft. And they are having a lot of theft, even with that.

Found a stretch on Rt 38 next town over that’s having a little price war…. $2.83-$2.89

johnnydoom I will add also that I supported my argument, and by default his as well, with a chart of gas prices from 2015 - 2024.

You substantiated nothing. Your chart says gasoline is down from two years ago. How many times must we review, with American citizens that the POTUS doesn't control the cost of a barrel of crude! It's a global market. So, don't duck shit with me with bullshit.

Typhoon Found a stretch on Rt 38 next town over that’s having a little price war…. $2.83-$2.89

Damn! Gas is really expensive! LOL

professor You substantiated nothing. Your chart says gasoline is down from two years ago. How many times must we review, with American citizens that the POTUS doesn't control the cost of a barrel of crude! It's a global market. So, don't duck shit with me with bullshit.

There he goes again.