Inflation here? gas/grocery prices just continue to climb (3 Viewers)

[SaintInBucLand]

Gas was $4.49 yesterday and the same stations I drive by every day are now $4.75 this morning. This is not sustainable for most Americans.

 

[El Caliente]

Gas was $4.49 yesterday and the same stations I drive by every day are now $4.75 this morning. This is not sustainable for most Americans.

I use GasBuddy to find the cheapest gas in town, and it’s very disheartening looking at prices in the area.

Usually I will look at the price in New Orleans compared to where I live in Spring, TX (just to get an idea as to how much cheaper NOLA has it, which is usually much cheaper). Today Costco in New Orleans and Costco in Spring are running neck and neck at $3.95 and $4.06 respectively.

 

[El Caliente]

As big a story as gun control is, I believe inflation will be the bigger story going into midterms.

 

[B4YOU]

Gas was $4.49 yesterday and the same stations I drive by every day are now $4.75 this morning. This is not sustainable for most Americans.

Gas prices are way up, but real cost of driving a mile was higher for most of the past century

Prices are rising fast and inflation is squeezing family budgets, but a little perspective is in order

www.marketwatch.com

Unpopular opinion: Americans got spoiled by low gas prices and falling travel costs. From 2013-2021, average gas prices were sub-$3. The average mpg for light trucks has gone from 19.5 to 25 mpg from 2005 to 2020, a 30% increase. Hybrid vehicles further reduced costs. The actual cost to drive has been stable or falling for most of the last decade.




Rising gas prices will drive public demand for EVs. Amazon and their last mile delivery don’t work well with high gas. Americans still won’t support public transportation.

 

[SaintInBucLand]

Unpopular opinion: Americans got spoiled by low gas prices and falling travel costs. From 2013-2021, average gas prices were sub-$3. The average mpg for light trucks has gone from 19.5 to 25 mpg from 2005 to 2020, a 30% increase. Hybrid vehicles further reduced costs. The actual cost to drive has been stable or falling for most of the last decade.




Rising gas prices will drive public demand for EVs. Amazon and their last mile delivery don’t work well with high gas. Americans still won’t support public transportation.

I guess you think we have been paying too little for food and housing as well since that seems to be the trendy excuse argument of late.

We just had it good all these years now I guess we should just suck it up and pay more for everything.

 

[El Caliente]

It’s a cruel joke (if we are being honest).

 

[efil4stnias]

Gas prices are way up, but real cost of driving a mile was higher for most of the past century

Prices are rising fast and inflation is squeezing family budgets, but a little perspective is in order

www.marketwatch.com

Unpopular opinion: Americans got spoiled by low gas prices and falling travel costs. From 2013-2021, average gas prices were sub-$3. The average mpg for light trucks has gone from 19.5 to 25 mpg from 2005 to 2020, a 30% increase. Hybrid vehicles further reduced costs. The actual cost to drive has been stable or falling for most of the last decade.




Rising gas prices will drive public demand for EVs. Amazon and their last mile delivery don’t work well with high gas. Americans still won’t support public transportation.

dont know where you live, but where im at there is a horde of LARGE SUVs ( Yukon/Tahoe/ Expedition, etc etc ) Even my wifes mid size SUV only gets around 22mpg. Thank goodness school is out and she is off work for summer because she would traverse 40 mi a day easy.

I dont know how these folks arent cringing at the pump- its gotta be close to $100-110 to fill up one of those SUVs. Maybe more. Shoot a 600 mile trip, gas alone would be around $200 ...whew.

 

[buzd]

Jamie Dimon says 'brace yourself' for an economic hurricane caused by the Fed and Ukraine war

"You know, I said there's storm clouds but I'm going to change it … it's a hurricane," Dimon said Wednesday at a financial conference in New York.

www.cnbc.com

Here is more on his statement.

 

[efil4stnias]

LOL sooooooooooo he was talking to himself. Got it.

52mm bonus. In this economy. Krikey.

 

[B4YOU]

I guess you think we have been paying too little for food and housing as well since that seems to be the trendy excuse argument of late.

We just had it good all these years now I guess we should just suck it up and pay more for everything.

My opinion was limited to gas prices. Also, it doesn’t mean I don’t care about people living paycheck to paycheck.

The trend of two SUV families who then pass down their SUV to kids while buying new SUVs may need to change if we see sustained high gas prices.

Food prices are the result of corporate profiteering. Inputs will be up 10% and corps raise prices by 12.5 so they can pocket the 2.5%. We are seeing record profits by companies.

Record low interest rates have contributed to housing costs. I think we are about see prices stabilize.

Maybe we should ban share repurchases and ceo bonuses during rapid inflation.

 

[guidomerkinsrules]

I can't speak for other industries, but as far as the construction industry goes, I blame all increases in labor and fuel prices on a major spike in guys in hard hats sitting in their trucks on their phones with the A/C on.

huh…how much does that pay?

 

[El Caliente]

huh…how much does that pay?

Indeed, I want in.

 

[bigdaddysaints]

Funny that during a hurricane, its against the law to sell ice for $10 a bag, and during covid, charge $20 for an ounce of hand sanitizer, but gas, na, we won't regulate that.. We are getting price gouged by the oil companies....

 

[efil4stnias]

Funny that during a hurricane, its against the law to sell ice for $10 a bag, and during covid, charge $20 for an ounce of hand sanitizer, but gas, na, we won't regulate that.. We are getting price gouged by the oil companies....

no they do regulate that - i remember post Katrina places selling gas for $4.50 back when it was $1,75 for regular. Louisiana fined many establishments for it.

This is nation wide and not a direct result of an interruption caused by a storm.

And im not even gonna say it...but ....god forbid ...lol

 

[dtc]

I guess you think we have been paying too little for food and housing as well since that seems to be the trendy excuse argument of late.

We just had it good all these years now I guess we should just suck it up and pay more for everything.

Yes. That's exactly what I think.

Instead of taking seriously the fact that gasoline would go up and build or buy more efficient cars, we refused as a society and here we are with a fleet of 6000 pound SUVs with one passenger spending $20 to go grab groceries.

Maybe this time we'll take it seriously and do something about it like, you know, buying new postal trucks and posting memes about how windmills are destroying the planet.

I doubt it.