Pio1980
AK Member
Cost of production plus supply and demand, sometimes a dash of simple greed.
Prices.... Going Up!!!
- Thread starter musichal
- Start date
That explains normal, linear inflation. The past few years added in a large dose of increased (free) money supply.
Mystic
We're all born mad
What might be the cause of this increase?
petes'picks
Super Member
The Cows went on strike?
DesertRatt
All Bark, No Bite!
When something used to be $10 becomes $20, it's not because "prices always go up" or even "greed." It happens because the currency in circulation is constantly growing faster than the production of goods.
Like this:
Like this:
Not always.
Interesting conversation, and well done on dancing around the hard truths.
I so approve of AK not allowing political talk. As much as we (I'm certainly inclined) want to voice these issues, AK is a better place for banning political talk.
Carry on.
I so approve of AK not allowing political talk. As much as we (I'm certainly inclined) want to voice these issues, AK is a better place for banning political talk.
Carry on.
SolderIron
Addicted Member
Gas now is about $3.60 a gallon. Just put about $40 in.
Mystic
We're all born mad
Anyway, should pesky tariffs get in the way, screw the U, ignore (our) sanctions, and trade directly with China, India, them Russkies and others.
(y'all don't really have to do what we tell you to do, yo)
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Mystic
We're all born mad
And then just a few minutes ago I see this @ Trading Economics re Gasoline (under commodities trading) yesterday:
"US gasoline futures fell to $1.96 per gallon, the lowest in over a week, after data showed a significant increase in gasoline inventories.
Stocks rose by 3.3 million barrels to 212.2 million barrels last week, defying expectations for a small draw of 46,000 barrels, according to the EIA.
This added pressure to an already weak gasoline market, which has been impacted by declining oil prices.
Oil markets are reacting to a ceasefire agreement between Israel and Hezbollah, brokered by the US and France, which came into effect on Wednesday.
Attention is now shifting to Sunday’s OPEC+ meeting, where members are reportedly considering delaying a planned output increase to address concerns of oversupply."
Mystic
We're all born mad
Moreover, the cost of US gasoline futures has been in decline since early MAY 2024:
Mystic
We're all born mad
PS - Must be a whole lotta taxation hitting the cost of gasoline in your vicinity of good ol' America.
California traditionally has the highest gas prices in the contiguous United States.
Right now Massachusetts' average gas price is $3.04, but in my area most stations are under $3.00
Using "Gas Buddy", the cheapest is $2.58
https://www.gasbuddy.com/gasprices/massachusetts
Depends on where you live. $2.61 in Southern NH the other day.
$2.49 here in N. OK.
