Prices.... Going Up!!!

[YY1]

This past week I made 2 trips to the grocery, 1 trip to the liquor store, and at least 4 trips to the home improvement store on my scooter.
(We're remodeling our MBR)
I finally got to just about dead empty per the gauge and had to fill up/ It took $5.24, and I couldn't squeeze that last penny in or it would have overflowed.
I actually can't remember the last time I put gas in it. I'm sure it was several weeks ago.
That scooter was bought to go back and forth from home to my shop, which is not quite half a mile away, so I wasn't running a car or truck only cold/on the choke.
It's turning out to be a pretty good investment.

By contrast, I also tried to take advantage of the dip in prices to put gas in my 1973 Satellite.
I scooted by the two stations that sell non-eth. The closest one was 5.30, and the next closest was 5.25.
I made the trip to the second the next day, again to let the car warm up (and get the 5 cents off), as the closest station is only .25 miles from the shop.
When I got there it had gone up to 5.29

 

[Erik Tracy]

Here in CA, the gas tax just went up today.

Ain't that awesome?

 

[8-Tracked]

Prices going up? Not these gas prices at the local pump

 

[kappclark]

Here in CA, the gas tax just went up today.

Ain't that awesome?

Same in VT -- Cossacks!

 

[kappclark]

Here is the story -- NH rates set to double because of soaring cost of natural gas

https://www.nhpr.org/nh-news/2022-06-16/nh-liberty-utilities-electricity-price-double-natural-gas

 

[rickb119]

Oil is down to $98 and change, at the moment. Of course I filled up this morning, before it dropped.

 

[Mystic]

Oil is down to $98 and change, at the moment. Of course I filled up this morning, before it dropped.

I was just looking at that (per bbl cost) a few minutes ago -- PPB for WTI crude declined by $10/bbl in a day. Brent crude also declined, by ~ $11/bbl, to $101.96 (at this moment).

 

[kappclark]

Just filled the truck @$4.75 /gal .. a good trend

 

[Mystic]

I was just looking at that (per bbl cost) a few minutes ago -- PPB for WTI crude declined by $10/bbl in a day. Brent crude also declined, by ~ $11/bbl, to $101.96 (at this moment).

UPDATE: THURSDAY 6 JULY 2022

WTI (and Brent) crude futures trended back above $100/bbl late Wednesday after declining 9% during the previous session per mounting fears that a recession will hurt demand.

Analysts attributed Wednesday’s posotove bounce to short-covering and bargain hunting.

Supply: Addressing suply tightness, OPEC Secretary General Mohammad Barkindo* said Tuesday the oil industry was “under siege” due to years of underinvestment, and added that shortages could be eased if extra supplies from Iran and Venezuela were allowed.

Analysts at Citibank stated that oil prices could tumble to $65/bbl by Q4 2022 if what they referred to as "an increasingly likely recession" affects the GLOBAL ECONOMY by Q1 2023.

* Coincidentally, it was announced this morning in France that OPEC Secretary General Mohammad Barkindo of Nigeria died on Wednesday, aged 63.

cc: @rickb119

 

[Mystic]

Gasoline prices might be declining again soon ... and we can likely thank China.

As of 10:16 a.m. Eastern on 12 July 2022, the cost of a barrel of WTI Crude is $97.43, a decline of around 6.75% since trading for the began. (nb: Brent Crude is also down, 6.44%, so far today)

We think that the main driver are the latest Covid-19 lockdowns in (top oil importer) China, where approximately 30 million people are under some form of movement restrictions re: the latest outbreak -- again in Shanghai -- of what they've deemed a highly-contagious Omicron subvariant.

Contributing to the downward pressure on the price of oil futures are continued and perhaps expanding fears of a global economic slowdown as several nations' central banks move to impose more aggressive interest rate hikes to combat inflation.

 

[kryten79]

The Superfund Excise tax, part of the infrastructure bill, went into effect 1 July 2022. It will affect the cost of everything from soap to light bulbs including concrete, plastics and electronics.
To avoid political potholes, I will leave it to interested readers to do their own investigation and analysis This has been a PSA. (words omitted here).

On an unrelated topic, one pound of Brussel Sprouts was priced at $5.39 at two supermarkets this week. I bought frozen. Less than a year ago, the price was between $2 and $2.50.

 

[Spitfirejoe]

Interesting article in Slate magazine... costs for shipping goods internationally may finally be tapering off. I was surprised by some of the price quotes for containers being moved.

https://slate.com/business/2022/07/inflation-shipping-goods-china.html

 

[SoCal Sam]

Interesting article in Slate magazine... costs for shipping goods internationally may finally be tapering off. I was surprised by some of the price quotes for containers being moved.

https://slate.com/business/2022/07/inflation-shipping-goods-china.html

I shipped a 35 pound box to UK through a DHL consolidator for less than $100! DHL themselves quoted 5 times more for the same shipment. Packaged arrived at my buyer's door in five days.

 

[OBMG74]

 

[Quadman2]

Look out for the price of bread! Mind you, it might depend upon where you live on the Globe.

Fresh vegetables/fruit are still high, even the belts where these are found! Heard there are busses going into certain city areas loaded down with less expensive fresh plant products

I feel for the long distance drivers who own their own rigs with the high prices of fuel.

And, for those on fixed wages in the lower earning brackets.


Q

 

[Mystic]

 

[YY1]

Gas station near me down to $3.99 for 87.

 

[reddodge053]

What a deal

 

[YY1]

I am still running my mowers on $3.59 87 and $3.89 non-eth 89/90 from around 6 months ago.

I have about 3 gallons of the 10% 87 and 6-7 gallons of the non-eth.

I should probably just put all that non-eth in my 73 Satellite and go fill up those cans again.

 

[usedto]

My son borrowed my trailer to move a few weeks back. When we hooked it up, one of the taillights was burned out. Sent wifey to the Autozone just down the street

Two 1157 bulbs were $7.99 plus tax.