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To: Ikeon
Lowrs aint going to take a loss buy selling the on hand stock at the lower prices. Retail prices will stay high until they sell the old stock.

It will never come back down to pre covid prices. That's just how it works. Remember when obama gas prices were $4.59 in the cheapest places? Suppliers were adding fuel surcharges etc. Motor oil went from $2-3/qt to $4-6/qt and never did come down all that much. Inflation is not 100% fedgov's fault.

12 posted on 06/15/2021 7:20:18 PM PDT by Pollard
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To: Pollard

Come back after you understand microeconomics.


33 posted on 06/15/2021 8:09:02 PM PDT by bigbob
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To: Pollard

It won’t go back to pre covid prices. It will bottom at about $800/1000 board feet. The run up enabled them to establish a new floor price, which is over twice what it started at.


36 posted on 06/15/2021 8:14:46 PM PDT by damper99
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