Prices.... Going Up!!!

[orsen]

gas here has reached $2.00/litre today . a few places even more.
thats an $8.00 gallon

 

[grillebilly]

Gas is up 45 cents a gallon here in the last 3 days.

 

[OnTheBlitz]

January 1st, 2021 Regular/Gal = $1.98
March 6th, 2022 Regular/Gal = $3.80

 

[OnTheBlitz]

My annual re-up with the local propane guy here (I have a 500 Gal tank) is every July.

July 2019, monthly propane bill $88
July 2020, monthly propane bill $87
July 2021, monthly propane bill $107

Prediction for July 2022, monthly propane bill will be $250+

This sucks. There will be many people living on popcorn & Ramen noodles

 

[oldflame]

This period seems noticeably worse than the 80's inflation - faster & higher price rises. Hopefully, jobs won't vanish as they did when mid-America turned into a rust-belt.

 

[Mystic]

Not all prices are going up. Here's the state of NASDAQ index's SEVEN GIANTS @ 8 March 2022:



In dollar terms, the above decline reflects a $2.4 TRILLION decrease between 1 January 2022 and COB on 7 March 2022 -- i.e., in a mere 66-day span, reducing the overall NASDAQ index to June 2021.

Big Banks

NASDAQ index was not alone in suffering: Share prices of the FOUR largest US banks -- JP Morgan, Bank of America, Citibank and Wells Fargo -- have also declined, by 21%, between 10 January 2022 and 7 March 2022:

BIG FOUR TOTAL MARKET CAPITALIZATION (BILLION USD)

Source: Y-Charts Data Services

Airlines

Not to be outdone, share prices have also declined among the nation's 8 largest airlines:

BIG EIGHT AIRLINES TOTAL MARKET CAPITALIZATION (BILLION USD)

Source: Y-Charts Data Services

So did share price for any "big players" rise over the early portion of 2022?

Yes. Here is a list of the "winners" -- the largest gainers -- @ the S&P 500 between 1 January and 7 March 2022:



Energy / utilities and fuels industrials mostly, plus one fertilizer and one telecom.

The shape of things to come?

 

[OnTheBlitz]

Jan 1st 2021 Bag of Birdseye Peas = $0.88
Mar 8th 2022 Bag of Birdseye Peas = $1.23

 

[Jeffery]

High prices isn't a bug, it's a feature!

 

[stereofanboy]

The path to utopia is always littered with millions of bodies and never actually leads to utopia.

 

[YY1]

Sometimes it leads to Todd Rundgren's house and you have to ask him where they are?

 

[rickb119]

Well, here we go. Hold onto your shorts! I'm not stating any political stance, just noting that "change gonna come"...

What I said last May. (And, much prior to that in other conversations.)

What's coming down the pike will make the '08 recession look like a walk in the park.

 

[petes'picks]

When I purchased my current home 13 years ago trash pickup was $10 a month its $65 a month now. Internet/phone bill was something like $60 now its $160. Property tax was $1200 now $3500. Bacon was $2.75 now $8.00. Cigarettes were $3.75 now $8.00. National Debt was $11 trillion now its $30 trillion. It takes way more than one year of 7% inflation to cause those increases.

 

[Jeffery]

When I purchased my home 13 years ago trash pickup was $10 a month its $65 a month now. Internet/phone bill was something like $60 now its $160. Property tax was $1200 now $3500. Bacon was $2.75 now $8.00. Cigarettes were $3.75 now $8.00. It takes way more than one year of 7% inflation to cause those increases.

Yeah, but in another year you'll look back at how incredibly cheap things are today. It took until 10:33 in the speech above to get to the punch line.

 

[Falstaff]

Went by the gas station this morning. Reg was $4.39 per gallon here in AZ. First time I remember it being above $3.99 ever here. I am sure our European friends are very sympathetic.

 

[mfrench]

we topped off yesterday, in Temecula, for $5.29 for the 87octane.
Diesel was closer to $6
We saw fuel for about .75¢gal less than what we ended up paying, the day before, and in an obscure location. But, weren't funded for an investment at that moment.

And, I loves me some vanilla ice cream, and raspberries. I'm not entirely particular about frozen or fresh berries, and will opt for the frozen stuff. The price of those,.... just about doubled in 8 days. They went from about $2.25, to just under $4 a bag, for 12oz (remember when things like that weighed a pound?)

 

[mkane]

Could be worse

 

[rxonmymind]

I have a Ford F-250. $5 gallon and the sign changes everyday. Tomorrow it'll be $5.10...$5.35.
Oh have a high end car that takes premium. $6.99 a gallon.
This is starting to hurt.

 

[loopstick]

Rice is still cheap. I have a hand meat grinder and I grind up all the cheap meat and cook it with the rice. The result is similar to the corned beef hash you get in a can. But much cheaper. I actually ground up a corned beef brisket once but the result was no better than ground pork or chicken. I haven't done turkey yet but I'm gonna try it. And you end up eating all the grease instead of throwing it away. Obviously you don't want to get fat, but it fills you up and you eat less.

 

[petes'picks]

Rice is still cheap. I have a hand meat grinder and I grind up all the cheap meat and cook it with the rice. The result is similar to the corned beef hash you get in a can. But much cheaper. I actually ground up a corned beef brisket once but the result was no better than ground pork or chicken. I haven't done turkey yet but I'm gonna try it. And you end up eating all the grease instead of throwing it away. Obviously you don't want to get fat, but it fills you up and you eat less.

Cook the meat first by itself then drain off fat before adding rice and other items, Its how I cook pretty much all my meals.

 

[loopstick]

Cook the meat first by itself then drain off fat before adding rice and other items, Its how I cook pretty much all my meals.

I actually like the fat. It's like a can of corned beef, with rice instead of potatoes. The sinews on a cheap chunk of pork are like fishing line (not good for your gums) and the grinder makes fast work of them.