What goes up... Rarely ever comes down, especially since Covid.
Gouging became such a common place practice during and after Covid, that most retailers just can’t help themselves. They are making much higher profits and nobody holds them to account.
Prices are coming down already.
Careful with that.
I’ve lost a lot of friends by pointing this out. I say “this isn’t capitalism anymore”. It’s just gouging.
And further in my own statement is that the “boss class” is shamelessly fleecing the working class.
And from there my friends look at me like I sprouted a bushy moustache.
Delivering for the gigs during COVID I saw every single business buying personal luxury goods while telling their existing employees they needed to tighten their belt. I hear the media about how employees are quiet quitting and the like ... I get it.
Profit margins are tiny. Retailers operate at a LOSS when oil price goes sky high, because the market will not bear the REAL cost of gas. Same thing happened after 2009, when producer prices were showing in 8% inflation as the CPI was showing just under 4% inflation, with Bernanke Fed at 0% & buying up all Obama’s massive debt, like Powell bought up all that Democrat governor Covid shutdown debt, enabling Democrats to use shutdowns to extort the 2020 election.
Once the price of oil falls again,retailers recoup losses by very slowly lowering their prices. Trump is a buffoon. Face it. He wants to be messiah and forgot about America-first. The real president is Sean Hannity, bibi’s best buddy.