@tincup said:
Maybe things be BOOMIN'.... at least for some. Meanwhile, how are your Dollar General and Dollar Tree shares doing (but no inflation here!)
" Dollar Tree reported this morning that the macroeconomic environment is pressuring its middle—and higher-income consumers. Traffic increased during the quarter, but the average ticket size decreased. It said second-quarter comparable sales and adjusted earnings per share missed Wall Street's expectations. "
" *DOLLAR GENERAL SINKS 26% IN RECORD DROP ON SALES OUTLOOK CUT "
Whats the dollar general? Never heard of it. THKS!
@tincup said:
Maybe things be BOOMIN'.... at least for some. Meanwhile, how are your Dollar General and Dollar Tree shares doing (but no inflation here!)
" Dollar Tree reported this morning that the macroeconomic environment is pressuring its middle—and higher-income consumers. Traffic increased during the quarter, but the average ticket size decreased. It said second-quarter comparable sales and adjusted earnings per share missed Wall Street's expectations. "
" *DOLLAR GENERAL SINKS 26% IN RECORD DROP ON SALES OUTLOOK CUT "
Whats the dollar general? Never heard of it. THKS!
P.S.
Plan accordingly......They usually adopt pre 'Merica. RGDS!
Jury still out on long term success of EVs. I predict the greenies buying them will eventually realize the additional costs (new battery, charging?) don't outweigh staying brown.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Don't know how others look at it..... but in the cold Midwest in the winter, those who do not have a heated garage to keep the EV in are screwed. You can plug it in outside... but by morning it could have even less of a charge! All of the energy is used up in just keeping the batteries warm! Not very feasible.
solar cars are next. All that roof top, trunk top and hood space just baking in the sun.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@jmski52 said: jmski said stockpiles are drained...hence no more supply.
My understanding is that more than half of the Strategic Petroleum Reserve (crude oil) was sold off, some of it to China - specifically to lower gasoline prices (and the CPI) for political reasons during the driving season.
That was so 2 years ago.
The brilliance of this move is such that now that the Reserve has been depleted, prices have risen back up and gov.com now doesn’t want to replenish the reserve because of the higher costs.
Depleted? Check your research.
They sold reserves in the $90s and today is $70s. Check your research.
So now, just prior to the election they’ve been draining gasoline reserves to keep gasoline prices from rising and to create the illusion that all is well in paradise.
Gasoline reserves are one of the most stable stockpiles averaging about 225 million barrels.
The first hint of a supply shortage will put us all in a major bind. Mismanagement at its worst. Carry on. Times are BOOMIN’ says blitzie.
Wouldn't you say that "depleted" means supply shortage? So either it isn't depleted and you are misinformed or your just regurgitating political BS.
@tincup said:
Maybe things be BOOMIN'.... at least for some. Meanwhile, how are your Dollar General and Dollar Tree shares doing (but no inflation here!)
" Dollar Tree reported this morning that the macroeconomic environment is pressuring its middle—and higher-income consumers. Traffic increased during the quarter, but the average ticket size decreased. It said second-quarter comparable sales and adjusted earnings per share missed Wall Street's expectations. "
" *DOLLAR GENERAL SINKS 26% IN RECORD DROP ON SALES OUTLOOK CUT "
Whats the dollar general? Never heard of it. THKS!
?? I'm assuming you are jesting. But if not... Dollar General is a staple store for many; mainly of lower income, but middle class also shops there.
@tincup said:
Maybe things be BOOMIN'.... at least for some. Meanwhile, how are your Dollar General and Dollar Tree shares doing (but no inflation here!)
" Dollar Tree reported this morning that the macroeconomic environment is pressuring its middle—and higher-income consumers. Traffic increased during the quarter, but the average ticket size decreased. It said second-quarter comparable sales and adjusted earnings per share missed Wall Street's expectations. "
" *DOLLAR GENERAL SINKS 26% IN RECORD DROP ON SALES OUTLOOK CUT "
Whats the dollar general? Never heard of it. THKS!
?? I'm assuming you are jesting. But if not... Dollar General is a staple store for many; mainly of lower income, but middle class also shops there.
?? Come out of the bunker once in awhile!
I frequent them to use the restroom when traversing this glorious nation. I'll grab a diet coke and pack of oreos on the way out.
@tincup said:
Maybe things be BOOMIN'.... at least for some. Meanwhile, how are your Dollar General and Dollar Tree shares doing (but no inflation here!)
" Dollar Tree reported this morning that the macroeconomic environment is pressuring its middle—and higher-income consumers. Traffic increased during the quarter, but the average ticket size decreased. It said second-quarter comparable sales and adjusted earnings per share missed Wall Street's expectations. "
" *DOLLAR GENERAL SINKS 26% IN RECORD DROP ON SALES OUTLOOK CUT "
Whats the dollar general? Never heard of it. THKS!
?? I'm assuming you are jesting. But if not... Dollar General is a staple store for many; mainly of lower income, but middle class also shops there.
?? Come out of the bunker once in awhile!
I frequent them to use the restroom when traversing this glorious nation. I'll grab a diet coke and pack of oreos on the way out.
.
ick.
How are you still alive consuming that (assuming you are serious, and not a "bot") ?
@tincup said:
Maybe things be BOOMIN'.... at least for some. Meanwhile, how are your Dollar General and Dollar Tree shares doing (but no inflation here!)
" Dollar Tree reported this morning that the macroeconomic environment is pressuring its middle—and higher-income consumers. Traffic increased during the quarter, but the average ticket size decreased. It said second-quarter comparable sales and adjusted earnings per share missed Wall Street's expectations. "
" *DOLLAR GENERAL SINKS 26% IN RECORD DROP ON SALES OUTLOOK CUT "
Whats the dollar general? Never heard of it. THKS!
?? I'm assuming you are jesting. But if not... Dollar General is a staple store for many; mainly of lower income, but middle class also shops there.
?? Come out of the bunker once in awhile!
I frequent them to use the restroom when traversing this glorious nation. I'll grab a diet coke and pack of oreos on the way out.
.
ick.
How are you still alive consuming that (assuming you are serious, and not a "bot") ?
@cohodk said:
A barrel of oil today is about $68. Same as in 2023, 2021, 2018, 2014, 2009, 2007, 2006, 2005.
Gasoline futures prices same as 2021, 2019, 2018, 2015, 2010, 2009, 2008, 2007, 2006, 2005.
.
Yes, the price of oil goes up and down, and down and up.
Remember when it was treated like hazardous waste and they were PAYING $40 per barrel for you to take it off their hands ?
I guess that means oil is worthless, right ?
@cohodk said:
A barrel of oil today is about $68. Same as in 2023, 2021, 2018, 2014, 2009, 2007, 2006, 2005.
Gasoline futures prices same as 2021, 2019, 2018, 2015, 2010, 2009, 2008, 2007, 2006, 2005.
.
Yes, the price of oil goes up and down, and down and up.
Remember when it was treated like hazardous waste and they were PAYING $40 per barrel for you to take it off their hands ?
I guess that means oil is worthless, right ?
.
No...it's worth the same as in all those previous years I listed.
With the warmongers around the world determining our fate they are likely on the edge of sending oil through the roof. Got USO?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Up +2.3% overnight. I don't think you know when we will have a supply shortage, but I can guarantee you that the price will go up when demand is higher than what's coming in for a few weeks or months in a row. There's NO reason to be cutting it so close.
Q: Are You Printing Money? Bernanke: Not Literally
“Skyrocketing grocery prices have been a major pain point for American families since the pandemic-era inflation surge. Compared with four years ago, grocery prices are up more than 20%.
Grocery inflation has eased in 2024, with annual price increases hovering around 1%. Even so, Americans have noticed that what goes up, doesn’t always come down and grocery prices are unlikely to return to what they were before inflation took off.”
LOL. The big news from your link: "Online grocery prices fell 3.7% in August compared to a month earlier."
Simply means July prices saw a correction in August while prices still remained highly inflated.
From the same link: "Compared with four years ago, grocery prices are up more than 20%."
Sorta like thanking the IRS for a $100 refund on the $20,000 I paid in taxes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There seems to be two extremes on this (and every thread). The truth lies in the middle. In this bifurcated economy, those with money are doing extremely well. Those that struggle are really suffering.
My reality is that inflation is a big problem - cost of groceries is way up (as noted above 20%). My wages have not gone up anywhere close to that. Fortunately, again I am in the middle of this as I can afford the increase without a major strain on my way of living. The concern is how long, if we keep this up with the middle class exist? Will it be wiped out in my lifetime, probably not, but we need to figure it out.
This applies to nearly all the items that we discuss in this PM forum, BRICs, the dollar trade, FED rates, government spending, etc. I'm not close to doomsday, but we have to be aware. To me government spending is the item that need to be changed immediately.
The truth lies in the facts. Where one gets their facts determines what they believe to be true.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Online grocery prices fell 3.7% in August compared to a month earlier."
The devil is in the details. ONLINE grocery prices. How many get all their groceries online? Maybe I'm the odd one out.... but I sure don't. I shop in the physical stores for 95% of my food, and I sure have not seen many reductions.
But this type of article is typical of the misinformation / incomplete information society we live in today. They are all geared to getting clicks, and to achieve the source's goal.
I'm sure some items have seen some reductions here and there. After, we are in an election year, and some things can be manipulated for the time being. (gas prices? How much is left in our strategic petroleum reserve? ) We will have to wait until next year to get a more clear representation of where inflation really is, assuming our reliable? news sources allow a true picture of the situation.
Inflated grocery prices are not the result of "price gouging" as some would lead you to believe. They are the result of higher prices for everything in the food supply chain before the food gets to the retailer. You would be surprised at the very low profit margin for grocers.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
not true, they can't afford the gas to shop for themselves.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
The economy seldom sucks for those who can afford it. Those who shop online for food are likely those who have higher incomes, and like you said, can afford it. I suspect that does not apply to Joe Sixpack. Do you have any numbers that show the percentage of groceries/staples that are purchased online, as compared to those who have to (horrors!) do their shopping in person in the grocery stores? And the breakdown in regards to income levels?
As I said... the devil is in the details. and statistics... well we know how those can be used.
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
The economy seldom sucks for those who can afford it. Those who shop online for food are likely those who have higher incomes, and like you said, can afford it. I suspect that does not apply to Joe Sixpack
Joe Sixpick is spending $20 a day on a pack of smokes and 2 Monsters. If it sucks for him its his own dang fault.
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
not true, they can't afford the gas to shop for themselves.
You mean the same price it was in 2014, 2013, 2012, 2011 and 2008? TRUE.
as usual you fail to address the elephant in the room - the rising cost of everything else that leaves them less money for the "stable" price of gas.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
The economy seldom sucks for those who can afford it. Those who shop online for food are likely those who have higher incomes, and like you said, can afford it. I suspect that does not apply to Joe Sixpack
Joe Sixpick is spending $20 a day on a pack of smokes and 2 Monsters. If it sucks for him its his own dang fault.
That is certainly a broad brush characteristic on your part regarding the lower income group. While there certainly are those who do spend a lot on smoking, there are FAR more who do not. According to the CDC smoking statistics:
About 18 of every 100 adults with low income (18.3%)
About 12 of every 100 adults with middle income (12.3%)
Nearly 7 of every 100 adults with high income (6.7%)
@cohodk said:
Yes...this forum likes to make broad brush strokes.
So 37% of folk waste their money on smokes and burden the other 63% with increased health care costs.
We are weak.
Well, actually it would be 37 people out of 300.... which would be around 12.4% of the population when all those age groups are combined. But yes, smoking does cause increased insurance and medical costs for everyone. As well as having other certain medical conditions, living in a flood prone area, owning certain expensive cars, etc.
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
I think its more likely because people who were willing to pay extra for food delivery are no longer because the increase in overall food costs.
I have to assume that during COVID grocers decided that moving forward store pickup and delivery could benefit their bottom line. Whether it’s cheaper to pay people to pick items off shelves than cashiers I don’t know. But I do know the stores near me are pushing pickup and delivery with special reward points, discounts and coupons for their service.
Coming out of the pandemic, when people were scared to go to the store it was easier for grocers to charge a fee. Now I think people are becoming more price conscious and in order to keep the pickup and delivery business model prices are coming down.
Free markets at work.
I just had an Amazon driver make free delivery on a $3.49 item. Look for delivery offers to slowly scale back.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Inflated grocery prices are not the result of "price gouging" as some would lead you to believe. They are the result of higher prices for everything in the food supply chain before the food gets to the retailer. You would be surprised at the very low profit margin for grocers.
I believe it is less than 10% margin.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
The economy seldom sucks for those who can afford it. Those who shop online for food are likely those who have higher incomes, and like you said, can afford it. I suspect that does not apply to Joe Sixpack
Joe Sixpick is spending $20 a day on a pack of smokes and 2 Monsters. If it sucks for him its his own dang fault.
Got to throw canabis expense in there as well in the smoking category.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
@cohodk said:
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
The economy seldom sucks for those who can afford it. Those who shop online for food are likely those who have higher incomes, and like you said, can afford it. I suspect that does not apply to Joe Sixpack
Joe Sixpick is spending $20 a day on a pack of smokes and 2 Monsters. If it sucks for him its his own dang fault.
Got to throw canabis expense in there as well in the smoking category.
"With BRICS nations gaining ground and the U.S. dollar potentially losing its global dominance, Weldon believes that gold and alternative assets will play an increasingly important role in the years to come."__
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Icollecteverything said:
Got a fuel oil delivery because winter is coming. $2.275 per gallon. In March it was $3.599.
Cheaper gas and oil can drop prices on many different products.
A better comparison may be what the price is in March 2025. Perhaps your are getting a better price now because you are ahead of the rush; price may rise once the demand really hits.
@Icollecteverything said:
Got a fuel oil delivery because winter is coming. $2.275 per gallon. In March it was $3.599.
Cheaper gas and oil can drop prices on many different products.
A better comparison may be what the price is in March 2025. Perhaps your are getting a better price now because you are ahead of the rush; price may rise once the demand really hits.
Welcome to ECON 101. Supply and demand. The gutter hoarders are slow but a few of them eventually come around. RGDS!
Comments
Whats the dollar general? Never heard of it. THKS!
P.S.
Plan accordingly......They usually adopt pre 'Merica. RGDS!
P.P.S.
https://www.cnbc.com/2024/09/04/swedens-volvo-cars-scraps-plan-to-only-sell-electric-vehicles-by-2030.html
Jury still out on long term success of EVs. I predict the greenies buying them will eventually realize the additional costs (new battery, charging?) don't outweigh staying brown.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Don't know how others look at it..... but in the cold Midwest in the winter, those who do not have a heated garage to keep the EV in are screwed. You can plug it in outside... but by morning it could have even less of a charge! All of the energy is used up in just keeping the batteries warm! Not very feasible.
EREV's coming in 2 years will be very popular.
My US Mint Commemorative Medal Set
solar cars are next. All that roof top, trunk top and hood space just baking in the sun.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Welcome back taxmad!!
Knowledge is the enemy of fear
That was so 2 years ago.
Depleted? Check your research.
They sold reserves in the $90s and today is $70s. Check your research.
Gasoline reserves are one of the most stable stockpiles averaging about 225 million barrels.
Wouldn't you say that "depleted" means supply shortage? So either it isn't depleted and you are misinformed or your just regurgitating political BS.
Knowledge is the enemy of fear
" Whats the dollar general? Never heard of it. THKS! "
?? I'm assuming you are jesting. But if not... Dollar General is a staple store for many; mainly of lower income, but middle class also shops there.
?? Come out of the bunker once in awhile!
It's the dollar that Washington threw across the Delaware river.😀
I frequent them to use the restroom when traversing this glorious nation. I'll grab a diet coke and pack of oreos on the way out.
Knowledge is the enemy of fear
.
ick.
How are you still alive consuming that (assuming you are serious, and not a "bot") ?
.
Maybe I'm a god?
Knowledge is the enemy of fear
A barrel of oil today is about $68. Same as in 2023, 2021, 2018, 2014, 2009, 2007, 2006, 2005.
Gasoline futures prices same as 2021, 2019, 2018, 2015, 2010, 2009, 2008, 2007, 2006, 2005.
Knowledge is the enemy of fear
.
Yes, the price of oil goes up and down, and down and up.
Remember when it was treated like hazardous waste and they were PAYING $40 per barrel for you to take it off their hands ?
I guess that means oil is worthless, right ?
.
No...it's worth the same as in all those previous years I listed.
Knowledge is the enemy of fear
With the warmongers around the world determining our fate they are likely on the edge of sending oil through the roof. Got USO?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Inventories are low in Cushing.
I knew it would happen.
So no supply then prices should be higher, right?
Knowledge is the enemy of fear
Up +2.3% overnight. I don't think you know when we will have a supply shortage, but I can guarantee you that the price will go up when demand is higher than what's coming in for a few weeks or months in a row. There's NO reason to be cutting it so close.
I knew it would happen.
https://www.yahoo.com/news/online-grocery-prices-fall-most-172511542.html
Knowledge is the enemy of fear
From the above article.
Online shopping have come 3.7%
but quote from next couple paragraphs
“Skyrocketing grocery prices have been a major pain point for American families since the pandemic-era inflation surge. Compared with four years ago, grocery prices are up more than 20%.
Grocery inflation has eased in 2024, with annual price increases hovering around 1%. Even so, Americans have noticed that what goes up, doesn’t always come down and grocery prices are unlikely to return to what they were before inflation took off.”
My Ebay Store
LOL. The big news from your link:
"Online grocery prices fell 3.7% in August compared to a month earlier."
Simply means July prices saw a correction in August while prices still remained highly inflated.
From the same link:
"Compared with four years ago, grocery prices are up more than 20%."
Sorta like thanking the IRS for a $100 refund on the $20,000 I paid in taxes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There seems to be two extremes on this (and every thread). The truth lies in the middle. In this bifurcated economy, those with money are doing extremely well. Those that struggle are really suffering.
My reality is that inflation is a big problem - cost of groceries is way up (as noted above 20%). My wages have not gone up anywhere close to that. Fortunately, again I am in the middle of this as I can afford the increase without a major strain on my way of living. The concern is how long, if we keep this up with the middle class exist? Will it be wiped out in my lifetime, probably not, but we need to figure it out.
This applies to nearly all the items that we discuss in this PM forum, BRICs, the dollar trade, FED rates, government spending, etc. I'm not close to doomsday, but we have to be aware. To me government spending is the item that need to be changed immediately.
The truth lies in the facts. Where one gets their facts determines what they believe to be true.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Online grocery prices fell 3.7% in August compared to a month earlier."
The devil is in the details. ONLINE grocery prices. How many get all their groceries online? Maybe I'm the odd one out.... but I sure don't. I shop in the physical stores for 95% of my food, and I sure have not seen many reductions.
But this type of article is typical of the misinformation / incomplete information society we live in today. They are all geared to getting clicks, and to achieve the source's goal.
I'm sure some items have seen some reductions here and there. After, we are in an election year, and some things can be manipulated for the time being. (gas prices? How much is left in our strategic petroleum reserve? ) We will have to wait until next year to get a more clear representation of where inflation really is, assuming our reliable? news sources allow a true picture of the situation.
Inflated grocery prices are not the result of "price gouging" as some would lead you to believe. They are the result of higher prices for everything in the food supply chain before the food gets to the retailer. You would be surprised at the very low profit margin for grocers.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You guys are completely missing the point. ONLINE GROCERY SHOPPING.
If folk can pay someone to do their shopping and bring it to their front door, then the economy don't suck.
Knowledge is the enemy of fear
not true, they can't afford the gas to shop for themselves.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The economy seldom sucks for those who can afford it. Those who shop online for food are likely those who have higher incomes, and like you said, can afford it. I suspect that does not apply to Joe Sixpack. Do you have any numbers that show the percentage of groceries/staples that are purchased online, as compared to those who have to (horrors!) do their shopping in person in the grocery stores? And the breakdown in regards to income levels?
As I said... the devil is in the details. and statistics... well we know how those can be used.
You mean the same price it was in 2014, 2013, 2012, 2011 and 2008? TRUE.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMRU_PTE_NUS_DPG&f=M
Whatis most evident in that link is it clearly shows the drop in gas prices in 2015, while Barry-O was leading us around, not the orange one.
Knowledge is the enemy of fear
Joe Sixpick is spending $20 a day on a pack of smokes and 2 Monsters. If it sucks for him its his own dang fault.
Knowledge is the enemy of fear
as usual you fail to address the elephant in the room - the rising cost of everything else that leaves them less money for the "stable" price of gas.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That is certainly a broad brush characteristic on your part regarding the lower income group. While there certainly are those who do spend a lot on smoking, there are FAR more who do not. According to the CDC smoking statistics:
About 18 of every 100 adults with low income (18.3%)
About 12 of every 100 adults with middle income (12.3%)
Nearly 7 of every 100 adults with high income (6.7%)
Yes...this forum likes to make broad brush strokes.
So 37% of folk waste their money on smokes and burden the other 63% with increased health care costs.
We are weak.
Knowledge is the enemy of fear
Well, actually it would be 37 people out of 300.... which would be around 12.4% of the population when all those age groups are combined. But yes, smoking does cause increased insurance and medical costs for everyone. As well as having other certain medical conditions, living in a flood prone area, owning certain expensive cars, etc.
I think its more likely because people who were willing to pay extra for food delivery are no longer because the increase in overall food costs.
I have to assume that during COVID grocers decided that moving forward store pickup and delivery could benefit their bottom line. Whether it’s cheaper to pay people to pick items off shelves than cashiers I don’t know. But I do know the stores near me are pushing pickup and delivery with special reward points, discounts and coupons for their service.
Coming out of the pandemic, when people were scared to go to the store it was easier for grocers to charge a fee. Now I think people are becoming more price conscious and in order to keep the pickup and delivery business model prices are coming down.
Free markets at work.
My Ebay Store
I just had an Amazon driver make free delivery on a $3.49 item. Look for delivery offers to slowly scale back.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I believe it is less than 10% margin.
Or in some cases a baby sitter.
Got to throw canabis expense in there as well in the smoking category.
Only reduction in food items is the amount contained therein. Same price just less volume.
Yup. Weak folk.
Knowledge is the enemy of fear
A very good review of current economic conditions from a very seasoned market veteran.
"With BRICS nations gaining ground and the U.S. dollar potentially losing its global dominance, Weldon believes that gold and alternative assets will play an increasingly important role in the years to come."__
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Got a fuel oil delivery because winter is coming. $2.275 per gallon. In March it was $3.599.
Cheaper gas and oil can drop prices on many different products.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
A better comparison may be what the price is in March 2025. Perhaps your are getting a better price now because you are ahead of the rush; price may rise once the demand really hits.
Welcome to ECON 101. Supply and demand. The gutter hoarders are slow but a few of them eventually come around. RGDS!
Yup...heating oil futures at same price as 2018, 2010, 2005.
Knowledge is the enemy of fear