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Economy |
Inflation To Stay High Even As Gas Prices Fall |
2022-08-12 |
[Pirate's Cove] Well, yeah, because gas is still much higher than when Biden took office, and so much of today’s prices have that price increase built in. Plus, there are many other factors.Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months. There are a lot more factors, especially the low availaibility of microchips and used vehicles, which really increase inflation. The lack of new vehicles doesn’t help, not when dealers are, at best, charging MSRP, at worst, charging thousands more. You can find cause after cause, going back to China’s COVID19. |
Posted by:Besoeker |
#13 'Even if you put it in there yourself, it is amazing how much the beagle will love you after you take its head out of the bag of sand flies.' |
Posted by: swksvolFF 2022-08-12 16:02 |
#12 It's a training process. Jack prices sky high, then Politicians pretend to fight for lower prices. The prices begin to drop back but still at a higher price point-level. Politicians claim victory. The consumer feels some relief and becomes accustomed to the new higher, but somewhat lower price from the peak price. |
Posted by: NN2N1 2022-08-12 13:35 |
#11 Many other products like vinyl, plastics and fertilizer are petroleum based. The people who created the policy are going to get the crash that they desire. The dummies who supported the policy and believed the Green New Deal are in for a horror show. |
Posted by: Super Hose 2022-08-12 12:17 |
#10 'There is no inflation because $60 worth of gas still gets you $60 in gas.' It is important to present the facts in a way the common people can understand them. Listening to National People's Radio (NPR) yesterday on a drive to town, there were stories and interviews about gas prices, mainly the feelings and pain of individual drivers. No mention whatsoever that fuel is used to transport everything and higher fuel prices means everything costs more. |
Posted by: SteveS 2022-08-12 12:05 |
#9 probably Y over Y will come down to 6%-7% by mid Oct. which will be last announcement before elections also interesting will be the GDP estimate in late Oct. |
Posted by: Lord Garth 2022-08-12 11:57 |
#8 Ratchet. I noticed that Jockey underwear is up 25% since April. |
Posted by: KBK 2022-08-12 11:09 |
#7 /\ Thanks for that clarification, ha. |
Posted by: Besoeker 2022-08-12 10:59 |
#6 'There is no inflation because $60 worth of gas still gets you $60 in gas.' |
Posted by: swksvolFF 2022-08-12 10:54 |
#5 Prices aren't falling, demand is falling. Tripling the price and high-fiving when it drops a quarter is the guy in a MMO Shooter game thinking tea-bagging is still a hoot. |
Posted by: swksvolFF 2022-08-12 10:51 |
#4 Those summer trips went bye-bye. Two ways to reduce prices - make more product or crush demand. They've chosen the latter. |
Posted by: Procopius2k 2022-08-12 10:35 |
#3 Markets work, despite even murderous - looking at you, USSR and PRC - gummint efforts to defeat them over the years. |
Posted by: M. Murcek 2022-08-12 10:34 |
#2 /\ Decreased demand for a variety of reasons. Consumer pullback. Thrift is your friend. |
Posted by: Besoeker 2022-08-12 10:28 |
#1 Gas prices are falling because demand has flattened out. Decreased demand for a variety of reasons. Taxes proposed shortly will pump prices back up. Should consumption increase nothing has been done to correct product availability. Ethanol increased percentage will reduce power and cause excessive wear on engines. Fuel dispatcher is my source who delivers to several states. Tankers at some locations must wait two hours to get filled for deliveries. Quotas in place so 4 stations had to do without till tankers could be refilled the next day. Quota could then again be reached. |
Posted by: Dale 2022-08-12 10:25 |