Posted on 03/04/2022 5:27:30 AM PST by PghBaldy
PITTSBURGH — AAA said the average price for a gallon of regular unleaded in Pennsylvania hit $4.00 on Friday morning.
That price was up 13 cents from Thursday...
(Excerpt) Read more at wtae.com ...
HEY! Neither are his jaga$$ voters!
Lumber is up because of INCREASED demand and an inelastic supply. There have been supply disruptions ever since covid. For example, I had a sawmill in WA state shut down in January for 2 weeks due to covid.
Since November, there have been supply and transportation problems throughout North America.
It started with the floods in BC in November. This shut down sawmills and disrupted the transportation on both roads and railroads out of BC.
Then when that got cleaned up, we had the Christmas holidays and some major snow storms that backed up shipments.
When that was over, we had the Vax mandate for truckers to cross the border. In addition, the BNSF railroad workers seem to be slowing down shipments on purpose. Then just this past week, the Teamsters Union voted to strike the CPRS railroad.
Lastly, there is some lumber and plywood that comes from RUSSIA. As of yesterday, there was ONE remaining VESSEL line that was willing to pick up freight in St Petersburg, Russia.
All of these factors have had caused restrictions on the supply side of lumber throughout the world.
The other side is DEMAND is up across the world.
The supply of homes available for sale in the US is down 31% on average in the USA. So, there are less homes available for the buyers to purchase.
There is still a major exodus from the liberal cities to the suburbs and country. People are still leaving NY, NJ, CT, CA and moving to NH, SC, FL, ID, WA, AZ and TEXAS.
Home building companies in the states people want to move to are affected by labor shortages too. There are only so many roofers, framers, concrete contractors, etc available to build a new house.
European and Asian countries that were locked down are increasing demand too for lumber. Japan is buying and building again. Great Briton is done with Brexit. OPEC countries in the middle east are doing pretty well again now that oil is $100/barrel.
So, Demand is UP, Supply has not been able to increase to meet demand yet. Eventually, the mills will be able to ramp up production. They always have in the past. Until they can, prices will remain high.
The Lumber Broker
$ bucks in Flagstaff AZ. As high as 4.20 at certain places.
Guy said that it should hit 5.60 by the end of next week or very soon after. He also figures over 6 by Memorial day if it keeps on like it is.
Your grocery prices will reflect the fuel delivery prices very soon. Containers/bags, most made from plastic will also drive prices higher.
Thank you for that post. Helps me understand the situation.
I live north of Spokane. At night, I can pickup a radio station in Vancouver, Canada. They were saying prices are approaching $2.00 per liter. I think that works out to about $7.60 per gallon! Also of note, fuel and carbon taxes are around $0.70 per liter, depending on where you buy fuel in British Columbia.
Ouch!
Timber- Let it all burn. That is the California way.
LP in the UP is changing it mill in Sagola over to siding.
They changed the building code around here to allow for 7/16 sheeting instead of the minimum of 1/2 for roofing.
Word is that Potlatch at Sawyer is going full bore. The boys up that way are reducing production in the woods because of costs. Cant afford it.
My brother has been trying to get a home finished in WA state for over a year. He can NOT get blown in insulation for ceiling of his house.
Should have been …. lumber does Not affect the price of food and all petroleum based products. NOT was left out by my mistake.
4.20 here yesterday. Haven’t been out yet but wouldn’t be surprised if it’s risen even further overnight. 😐
Good luck. A friend of mine used to joke: "Don't take your car back to the dealership. If you take it in with 2 problems, they'll fix 1, leave 1, and create 1" :)
I'm trying to imagine what kind of "break" part would take months to come in. Something to do with the anti-lock brake system?
Prices are up 20 to 50 cents yesterday over the drive from NH to northeastern PA 2 days ago.
The highest prices I saw were $4.19 at gas stations in PA and NY.
I suppose I should like this, as when fuels goes up like this it gets folks' attention and many want better fuel economy so my income goes up.
I saw $4.09 yesterday. I wonder what it is today?
I heard a woman on Wednesday saying she just paid $100 for gas, and that didn’t even fill her tank.
She didn’t seem happy about that.
It now takes longer to build a new home than it used to.
It takes longer to get the windows, doors, appliances, flooring, cabinets, electrical panels, etc.
All of the hundreds of manufactured components that go into building a new house/apartment all have increased in price and are taking longer to get. EVERYTHING is UP in price.
Over $5 in much of the Sacramento area.
While dropping off my daughter at school this morning I saw $3.99 in Barrington and $3.94/$3.99 in Somersworth.
.20 jump since yesterday.
On Jeff Kunher’s show yesterday one of the regular callers who delivers gas/diesel to stations said that the Boston Terminal cost for gas was up .41/gal and diesel up .50+/gal in one day.
4.20 in Flagstaff AZ today. Guy at the station said it will hit 4.55 by the end of next week. He expects 6 to 7 bucks a gallon by memorial day.
One little glitch and $8 - $10
Imho
the evil leftist feminists think this is good because this mostly affects blue-collar working men who drive large, gas-guzzling trucks.
Don’t know but it’s a 2008, and I’ve replaced the brakes once already.
Up 14 cents from yesterday. 3.93 today I’ve seen 3.97 at other stations.
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