Midwest Gasoline to Spike $0.50-$1.00 Per gallon

[Snobdds]

û

which index do you follow?

CPI = consumer price index. It measures inflation.

Otherwise I do have some index funds in the S&P 500 and the Nasdaq 200

 

[oldnslo]

Snobud
Out of curiosity what items are figured in the CPI or can you provide a link where a person can research this themselves.

 

[Torvy]

Snobud
Out of curiosity what items are figured in the CPI or can you provide a link where a person can research this themselves.

Consumer Price Index (CPI) Explained: What It Is and How It's Used

The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.

www.investopedia.com

Investopedia is a pretty neutral info source.

 

[5030]

You need to buy an overpriced plug in hybrid...lol

 

[jmc]

They call it Bidenomics! Everything is fine

From Rupert Murdoch's The Wall Street Journal:

"Crude oil prices popped Tuesday morning after Saudi Arabia and Russia said they're extending voluntary oil production cuts through the end of the year."

Oil Jumps After Saudi Arabia and Russia Extend Production Cuts

Crude oil prices popped Tuesday morning after Saudi Arabia and Russia said they're extending voluntary oil production cuts through the end of the year. Futures of West Texas Intermediate crude oil, the U.S.

www.wsj.com

All the oil companies need is an excuse like this to immediately raise prices. All the rest of us need is an excuse to blame Bidenomics.

 

[NoTrespassing]

From Rupert Murdoch's The Wall Street Journal:

"Crude oil prices popped Tuesday morning after Saudi Arabia and Russia said they're extending voluntary oil production cuts through the end of the year."

Oil Jumps After Saudi Arabia and Russia Extend Production Cuts

Crude oil prices popped Tuesday morning after Saudi Arabia and Russia said they're extending voluntary oil production cuts through the end of the year. Futures of West Texas Intermediate crude oil, the U.S.

www.wsj.com

All the oil companies need is an excuse like this to immediately raise prices. All the rest of us need is an excuse to blame Bidenomics.

Oil companies can't control the price of oil.

 

[Torvy]

Oil companies can't control the price of oil.

Yup, this article makes it pretty clear it's government policies that are the main driver.

 

[jmc]

Oil companies can't control the price of oil.

Oil companies don't have to control the price of crude- but collectively, they can control the price of gas. They just need a fig leaf of cover.

 

[Torvy]

Oil companies don't have to control the price of crude- but collectively, they can control the price of gas. They just need a fig leaf of cover.

Economics doesn't work like that.

 

[ruffdog]

Supply and demand....less supply and the price goes up.