#Bidenflation: Cost of Gas, Used Cars Up 45%, Car Rentals 88%

Breitbart ^ | 7-16-2021 | Dr. Susan Berry

[blam]

Nearly all Americans expect the inflation under Joe Biden’s presidency will worsen still, even as the cost of gas and used cars is already up by 45 percent, and bacon up by 8.4 percent, the Washington Examiner reported Thursday.

“The hashtag #Bidenflation has been trending recently,” wrote Washington Secrets columnist Paul Bedard, noting a new survey from Skynova, an online invoicing firm that found 88 percent of people in the United States believe the current inflation is “here to stay and will soar more.”

Here are the items really driving up inflation:

Car rental 87.7% (y/y change)
Used cars 45.2%
Gas 45.1%
Laundry machines 29.4%
Airfare 24.6%
Moving 17.3%
Hotels 16.9%
Furniture 8.6%
Bacon 8.4%
TVs 7.6%
Fruit 7.3%
Shoes 6.5%
Fresh fish 6.4%
New cars 5.3%
Milk 5.6%
Rent (OER) 2.3%

— Heather Long (@byHeatherLong) July 13, 2021

“Projections shared with Secrets from the Statista Research Department show it increasing at about 2.5% through 2024 and ‘tapering off’ by 2026,” he observed. “It’s currently at about 5.4%.”

According to the Skynova survey of 1,040 respondents, 78 percent reported signs of inflation in their daily lives and 61 percent said inflation is an important political issue.

Third month in a row where #Bidenflation came in worse than expected. https://t.co/GxmM8QHdC4

— Breitbart News (@BreitbartNews) July 13, 2021

Results of the survey are consistent with Tuesday’s report from the Department of Labor that shows the cost for goods and services rose by significantly more than expected in June.

Breitbart News reported:

The Producer Price Index rose 7.3 percent in June from 12 months earlier, the largest demand since 12-month data were first introduced in 2010. Compared with May, the index rose one percent.

(snip)

[Sacajaweau]

I was going to buy a car...mine is 18 years old. Can’t do it now. Prices are crazy.

[EvilCapitalist]

I’m glad I bought a new washing machine last year.

[cgbg]

I was visiting with a friend in the office supply business today.

Their raw materials that they buy from vendors have exploded in price, and they are made out of many different materials and come from many different locations...

[ducttape45]

My car is 23 years old, an old Toyota Corolla. Still runs great.

[unixfox]

I bought a 2015 fully loaded crew cab Ram 4X4 about 4 years ago with 20K miles on it for 30K. It now has 90K miles on it and I can get 34K for it.

When has that ever happened?

[Karoo]

I wish I had.

[griswold3]

For future references on food prices…
The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.

DRY
Date Range DAP MAP POTASH UREA
Jun 29-Jul 3 2020 406 427 361 357
Jul 27-31 2020 410 429 358 355
Aug 24-28 2020 430 435 352 355
Sep 21-25 2020 434 453 338 361
Oct 19-23 2020 446 476 332 359
Nov 16-20 2020 455 488 336 358
Dec 14-18 2020 466 522 360 361
Jan 11-15 2021 486 551 373 373
Feb 8-12 2021 588 642 398 453
Mar 8-12 2021 615 690 423 483
Apr 5-9 2021 618 699 431 504
May 3-7 2021 634 705 436 514
May 31-Jun 4 2021 652 712 443 524
Jun 28-Jul 2 677 721 476 542
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Jun 29-Jul 3 2020 468 461 233 272
Jul 27-31 2020 465 454 223 262
Aug 24-28 2020 464 442 219 258
Sep 21-25 2020 457 425 215 253
Oct 19-23 2020 456 424 209 249
Nov 16-20 2020 455 422 207 249
Dec 14-18 2020 463 450 210 253
Jan 11-15 2021 469 474 210 247
Feb 8-12 2021 512 524 243 285
Mar 8-12 2021 581 625 306 344
Apr 5-9 2021 605 692 341 378
May 3-7 2021 618 712 358 398
May 31-Jun 4 2021 619 719 363 412
Jun 28-Jul 2 625 730 366 421

[Texan5]

I’m driving a 24 year old 4x4-a Toyota 4Runner that I bought used 8 years ago-I always drive a 4x4 SUV or pickup because of my work and I live where plenty of roads are not paved-I take good care of my vehicle and like the fact that it does not spy on me, keep track of my location, etc, etc-I will never have a new 4x4 because it does all of those things-and the mechanics out here are used to working on old SUVs and pickups, anyway-the price of gas is through the roof, but it isn’t that much of a gas hog...

[FatherofFive]

BACON??!!?!? Maybe now people will get motivated!

[eyedigress]

I’ll bet I can pull 8,000 for my 2004 long bed X-cab XLT.

[Salamander]

My 16 year old car needs a new torque converter and I can’t afford it.

Can’t afford to buy another used car either.

These bastards have destroyed us.

[MplsSteve]

Wonderful...

I’m flying out to Virginia and Maryland (in early September) for a week to see some Civil War battlefields and now rental cars have gotten more expensive.

[Pollard]

We have an F150 4x4 with a 5.4 liter that gets about 15-16mpg so not too long after the inauguration, we went out and got a Focus that gets 30mpg. I figured this obama’s third term so gas prices are probably going up to the obama days.

I’m actually more of a Chevy guy but I can’t find a deal on one here in MO. Lots of Ford lovers here and they don’t hold their value like a Chevy does. Speaking mostly of trucks. I don’t know if Chevy even makes a decent small car.

The F150 is 2001 and the Focus a 2005 but all we can afford is low three digit prices. $3k for the Focus is the most we’ve ever paid for a vehicle. Luckily I can work on them. 150k miles on it but they go well over 200k so we’ll be able to drive it for five years or so. It will probably pay for itself in two years.

I’ve got a Chevy 2wd truck plus a Trailblazer to sell this year. Ought to help put food on the table. Keeping the F150 4x4 for winters. Sucker’s got 280,000 miles on it but still drives nice, interior’s not falling apart and no rust on it.

Just started a little garden bed to rush a couple of warm weather plants. Need to get the real garden going for some fall crops. I’m putting a high tunnel up this year so I can extend the growing season up to two months on each end. With row covers, you can grow hardy greens all winter. Got a spot picked out for a root cellar.

Working on our own meat supply too. Bought three meat goats with stimulus money last Spring. Need small breed of pasture pigs to go with them. Eventually the goats and pigs will be a little income after filling the freezer. Got laying hens. Got a breeding pair of LGDs so I can sell their pups at some point to help pay for their food.

That’s the way things are going to have to go for anyone who’s poor but has the land. Produce as much of your own food as you can.

[Sacajaweau]

I had an Impala....and then a Monte....Life was good. I’m in a 2003 Buick Century...and I’m the proverbial little old lady...73,000 original miles.

[Jeff Chandler]

My 18-year-old car had a KBB trade-in value of $500. I traded it in for new car. I paid cash, $400 under MSRP — out the door.

Rather Trumpian, if I do say so myself.

[Jeff Chandler]

If you’re ever in Gettysburg, try the History and Haunts ghost walk tour, or the late night Ghost Hunt.

Go to ghostwalkusa.com and enter the promo code GHOST5211 for a 10% discount. Tell them Jeff sent you.

[Night Hides Not]

We bought a 2018 Murano a couple of days ago...inventories are really slim right now, thanks to climate change.

Just kidding, had to slip that in there before CNN did it.

[Born to Conserve]

Increasing prices for used cars and car rentals/leasing are indicators that people are putting of buying cars until the new generation, non ICE cars are available and cheaper. The other big indicator is terrible new ICE car sales. How are new car sales going? No one wants to be in the first couple of years of ownership of an ICE car when the alternative becomes a no brainer.

[monkeyshine]

I am in need of a new (used) car. At the beginning of covid I thought, with shutdowns and mass unemployment, that I would be able to get a good deal so I waited a little bit (plus, at first, I didn’t want to go around town much). Anyway, I was way wrong. Stimulus money came flowing, and used cars sold quickly. Now, even new cars are hard to get due to the chip shortage. When I search online and find something of interest, more often than not I discover it has already been spoken for.

So, I have to decide whether to plunk down maybe $7500+ to replace the engine in my current car (and the car will be worth about that much after repairs) or to find a car for around the same price.