Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Fri 08/12/2022 View Thu 08/11/2022 View Wed 08/10/2022 View Tue 08/09/2022 View Mon 08/08/2022 View Sun 08/07/2022 View Sat 08/06/2022
1
2022-08-12 Economy
Inflation To Stay High Even As Gas Prices Fall
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Besoeker 2022-08-12 08:52|| || Front Page|| [11127 views ]  Top

#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||   2022-08-12 10:25|| Front Page Top

#2 /\ Decreased demand for a variety of reasons.

Consumer pullback. Thrift is your friend.
Posted by Besoeker 2022-08-12 10:28||   2022-08-12 10:28|| Front Page Top

#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||   2022-08-12 10:34|| Front Page Top

#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||   2022-08-12 10:35|| Front Page Top

#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||   2022-08-12 10:51|| Front Page Top

#6 'There is no inflation because $60 worth of gas still gets you $60 in gas.'
Posted by swksvolFF 2022-08-12 10:54||   2022-08-12 10:54|| Front Page Top

#7 /\ Thanks for that clarification, ha.
Posted by Besoeker 2022-08-12 10:59||   2022-08-12 10:59|| Front Page Top

#8 Ratchet. I noticed that Jockey underwear is up 25% since April.
Posted by KBK 2022-08-12 11:09||   2022-08-12 11:09|| Front Page Top

#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||   2022-08-12 11:57|| Front Page Top

#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||   2022-08-12 12:05|| Front Page Top

#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||   2022-08-12 12:17|| Front Page Top

#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||   2022-08-12 13:35|| Front Page Top

#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||   2022-08-12 16:02|| Front Page Top

23:53 Blinky Spawn of the Boskonians9594
23:51 Sloluse Slutle9788
23:43 Blinky Spawn of the Boskonians9594
23:16 trailing wife
23:14 trailing wife
23:02 ACA JOE
23:01 Dron66046
22:31 Dron66046
22:27 Sloluse Slutle9788
22:21 Dron66046
22:18 ACA JOE
22:11 ACA JOE
22:04 Whiskey Mike
21:14 Seeking Cure For Ignorance
21:04 Procopius2k
21:01 3dc
20:45 3dc
20:33 Frank G
20:26 Regular joe
19:28 M. Murcek
19:26 Sloluse Slutle9788
18:56 Elmerert Hupens2660
18:51 Thing From Snowy Mountain
18:46 M. Murcek









Paypal:
Google
Search WWW Search rantburg.com