Posted on 08/12/2022 9:58:30 PM PDT by SeekAndFind
Won’t lower gas prices ease the pressure on the COLA adjustment in Social Security payouts? That’s convenient.
Commodity prices always fall during a recession.
Things aren't getting better. They're about to get much worse - although gas will be cheaper...
Still twice as much I spent last year for a gallon of gas...
Only until after the midterms.
Then, if the dems steal it again, all hell will break loose.
The price of diesel is still high….big trucks and tractors don’t use gasoline
Ah, someone has nailed it. (You.)
The situation in Europe is NOT good. The West is afraid of giving the Ukies sufficient weapons to win quickly (Pooty would get mad), but can’t let Russia win either, so the bloody war drags on & Europe looks increasingly headed for serious energy shortages and a deep recession this next winter.
China for (mostly) different reasons (but given the EU still IS China’s biggest trading partner) is not looking great either.
Biden will try to spend money like crazy (as if he isn’t already!) to avoid a serious recession or worse, but, rarely does MORE gov’t meddling in the economy on this scale work without serious “unintended” bad consequences.
I was at a gas station the other day. Regular gas was coming down. The other two grades were still crazy high. It is all an illusion at this point.
Also heard yesterday on the radio that $10 per gallon was still NOT OFF the table by the end of the year.
Who or what to believe?
A lot of people are going to get hurt this winter is my opinion. The electric aggregator here, NOPEC, just adjusted their rate. It is up over 50%. Local electric company rate is still around .06 per KWH. Thousands in the area are switching, their rate is not scheduled to change until spring.
Food prices are astronomical - many items are using different ingredients in order to save money or to combat supply chain issues, companies are cutting the size of items but charging more than the original sized item.
I don’t think I have ever seen food prices or restaurant prices - anything other than gas, really - go down with the market. So, high prices are here to stay.
I hope all the biden voters choke on their own vomit.
Americans by the millions have massively cut down their driving!!! Case Closed!!! Biden has done zilch, lying buffoon that he is!!!
And now, we have no Emergency Reserves. FJB!
No, it’s just that elections are around the corner!
Canadian energy investor Eric Nutall, partner at Nine Point Partners, believes we’re in a multi-year energy bull market because of structural impedimens to supply growth. He believes we’ll see $150 oil next year.
Why are gas prices falling? Maybe because russia is illegally selling it again, and quid pro joe is allowing it?
Supply and demand. Demand is also down, as people are not driving nearly as much.
Natural gas just went from $7.80 to 8.85 over the week.
Biden reduced the oil supply during his first year, when Trump’s economy was still rolling strong, creating an oil shortage. Once Biden’s economy took over, the oil supply didn’t have to increase to bring the price down. For the next several years, the oil supply chain is going to go slack and tighten, over and over again, with larger and larger gas price increases as time goes on. Trump had it all going in the opposite direction. Remember less than $0/barrel of oil for a day or two, with a strong economy?
Wife said it was $2.89 here in Henderson, KY when she was going over to Evansville, IN yesterday.
“It will shoot back up to over $5 right after the elections in Nov.”
Or when the Strategic Oil Reserve is empty.
The little amount supplied by the SOR barley makes a dent in the daily usage, but it is the psychological effect it has on trading in the COMEX that has brought down the per barrel price in recent weeks.
The price drop surely has not been due to decrease in demand as has been said by the Refiners ... they are producing at full capacity.
No.
“If you don’t already have an emergency fund, now’s a good time to put some cash aside. Having a financial cushion in the form of extra cash in your savings account could help if prices start to increase again.” Oh,yeah... A better way of stating this might be....if you don’t already have an emergency fund, what is the likelihood of finding any funds to start one now? Why not get our president & Congress to quit spending money like it was water on so many useless projects & do something about ending inflation. All you hear about these days is to eliminate Trump from re-election when under his administration was a time we could have possibly had an emergency fund.
Not here! Still $4.59/gal!!!
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