Market Watch

[Rdrcr]

High, or a new normal? I remember 5 years ago some people asking for a $15 minimum wage. Today, no matter what the states set as a minimum wage, even fast food is paying $18+ and other wages are up as well. Prices aren’t going to decline because wages never go backwards.

They’ve retracted from around $5.69 per gallon at their peak but, we’re certainly not seeing any significant relief in gasoline prices. Diesel is still really high, around $5.79 per gallon. Delivery surcharges are definitely impacting the costs of goods here. And yes, the increases in minimum wage (and other wage increases) also increase costs of goods.

It’s crazy how expensive things have become here. I feel like I’m back in California, lol

Mike

 

[jyoutz]

They’ve retracted from around $5.69 per gallon at their peak but, we’re certainly not seeing any significant relief in gasoline prices. Diesel is still really high, around $5.79 per gallon. Delivery surcharges are definitely impacting the costs of goods here. And yes, the increases in minimum wage (and other wage increases) also increase costs of goods.

It’s crazy how expensive things have become here. I feel like I’m back in California, lol

Mike

Fuel prices are so variable by region. Here’s what diesel is today in Albuquerque. Where I live, prices are about 15 cents higher, but nothing like your area.

 

[Williy]

jyoutz I was talking about when Trump was president

diesel here is $3.29 to $4.34

willy

 

[Hay Dude]

There’s no longer an ability to defend the sharp increases in prices of fuel, food, insurance, housing and vehicles. Poor policies got us here and now everyone but the most strident defenders knows it.

These sharp increases are built-into everything now and will remain. We aren’t going back on whole goods. Fuel prices could subside with improved drill-here policies.

A (not so) “great reset” for the lower & middle classes.

Poop sandwich anyone? I have some generic hot sauce from the Dollar Store to take away the awful taste!

 

[WM75Guy]

There’s no longer an ability to defend the sharp increases in prices of fuel, food, insurance, housing and vehicles. Poor policies got us here and now everyone but the most strident defenders knows it.

These sharp increases are built-into everything now and will remain. We aren’t going back on whole goods. Fuel prices could subside with improved drill-here policies.

A (not so) “great reset” for the lower & middle classes.

Poop sandwich anyone? I have some generic hot sauce from the Dollar Store to take away the awful taste!

Unfortunately I think this is where we are headed.

But it's amazing what you can get used to, huh?

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[Torvy]

Train freight increases as fuel prices increase. While they can move more weight for less, they seldom get to the end user without transfer to a truck. I20 and I30 don't seem to have less truck traffic. The reduction in trucks to ports in CA is well documented as due to truckers taking other routes due to regs there.

Gas here is around $2.35. Diesel is about $1 more. The odd thing now is our small town price is close to that in Longview (about 45 miles away). Up until this week or so, the delta was about 40 cents. Gas price delta usually pays for my trip to Sam's. Not this week.

@D&D. Wisconsin has a similar law preventing companies from using fuel as a loss leader. Artificially keeps prices higher than they otherwise would be.

 

[tractortroof]

Because the moderators and the owner tend to lean to the left.
Its no secret, so don't anybody get their undies all bunched up ok?

I really should not say this, but I guess they gave up trying to control everyone’s speech on the forum. I kinda miss it—ha not really. Every once in a while I ask the Costco employees when they are going to start chasing customers around demanding that they wear their masks again, my wife dies when I do that.

 

[jyoutz]

jyoutz I was talking about when ***** was president

diesel here is $3.29 to $4.34

willy

Are you referring to when GWB was president? Because that’s the last time that fuel was less than $2 (for awhile). And during Covid shutdown.

 

[2manyrocks]

My recollection is that 1964 was the last year Congress insisted on a balanced budget.

 

[Rdrcr]

I am not sure where in the state you are, but regular is $3.90 here when I filled up yesterday. $3.83 at Safeway today when I drive by.

Olympia area. The reservations are selling regular for $3.97. In town is $4.79.

Mike