Home Precious Metals

Inflation: Not as low as you think

1356

Comments

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @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!

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @blitzdude said:

    @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!

  • taxmadtaxmad Posts: 971 ✭✭✭✭

    @blitzdude said:

    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

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    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

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    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.

    ----- kj
  • GoldminersGoldminers Posts: 3,916 ✭✭✭✭✭

    EREV's coming in 2 years will be very popular.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    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

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    Welcome back taxmad!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tincuptincup Posts: 5,110 ✭✭✭✭✭
    edited September 6, 2024 6:24PM

    " Whats the dollar general? Never heard of it. THKS! "

    @blitzdude said:

    @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! ;)

    ----- kj
  • BLUEJAYWAYBLUEJAYWAY Posts: 8,945 ✭✭✭✭✭

    It's the dollar that Washington threw across the Delaware river.😀

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @tincup said:
    " Whats the dollar general? Never heard of it. THKS! "

    @blitzdude said:

    @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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,421 ✭✭✭✭✭
    edited September 7, 2024 5:58AM

    @cohodk said:

    @tincup said:
    " Whats the dollar general? Never heard of it. THKS! "

    @blitzdude said:

    @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") ?

    .

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @dcarr said:

    @cohodk said:

    @tincup said:
    " Whats the dollar general? Never heard of it. THKS! "

    @blitzdude said:

    @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") ?

    .

    Maybe I'm a god?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭
    edited September 9, 2024 4:24AM

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,421 ✭✭✭✭✭

    @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 ?

    .

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @dcarr said:

    @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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited September 10, 2024 6:08AM

    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

  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭

    Inventories are low in Cushing.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @jmski52 said:
    Inventories are low in Cushing.

    So no supply then prices should be higher, right?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,795 ✭✭✭✭✭

    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

    I knew it would happen.
  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bigjpstbigjpst Posts: 3,097 ✭✭✭✭✭

    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.”

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited September 11, 2024 5:29AM

    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

  • psuman08psuman08 Posts: 311 ✭✭✭

    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.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭
    edited September 11, 2024 5:39AM

    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

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    "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.

    ----- kj
  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    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.

    ----- kj
  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    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

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @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

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    @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.

    ----- kj
  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭
    edited September 11, 2024 4:32PM

    @derryb said:

    @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.

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @tincup said:

    @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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @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

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    @cohodk said:

    @tincup said:

    @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%)

    ----- kj
  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    @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.

    ----- kj
  • bigjpstbigjpst Posts: 3,097 ✭✭✭✭✭

    @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.

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    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

  • BLUEJAYWAYBLUEJAYWAY Posts: 8,945 ✭✭✭✭✭

    @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".
  • BLUEJAYWAYBLUEJAYWAY Posts: 8,945 ✭✭✭✭✭

    @derryb said:

    @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.

    Or in some cases a baby sitter.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • BLUEJAYWAYBLUEJAYWAY Posts: 8,945 ✭✭✭✭✭

    @cohodk said:

    @tincup said:

    @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".
  • BLUEJAYWAYBLUEJAYWAY Posts: 8,945 ✭✭✭✭✭

    Only reduction in food items is the amount contained therein. Same price just less volume.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @BLUEJAYWAY said:

    @cohodk said:

    @tincup said:

    @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.

    Yup. Weak folk.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,774 ✭✭✭✭✭

    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.

  • tincuptincup Posts: 5,110 ✭✭✭✭✭

    @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.

    ----- kj
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @tincup said:

    @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!

  • cohodkcohodk Posts: 19,070 ✭✭✭✭✭

    @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.

    Yup...heating oil futures at same price as 2018, 2010, 2005.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

Sign In or Register to comment.