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Started By
Message
re: WSJ: Why Gasoline Prices Are Rising Faster Than Usual This Year
Posted on 3/29/24 at 9:22 am to RedPants
Posted on 3/29/24 at 9:22 am to RedPants
quote:
You’re going to get downvoted because you didn’t blame Biden here, but you’re absolutely right. Biden’s policies can suck and what you said be true at the same time.
Well it must be the largest conspiracy in the history of the world because it includes my local BBQ joint, my locally owned grocery, my country club, my cable provider, etc., etc. No, this is what happens when the currency is debased.
1
Posted on 3/29/24 at 9:24 am to Bama and Beer
quote:
This place has such a hard on for Buc-ee's and it's completely hilarious
I’ve been to Buc-ee’s once, I don’t get the hype. If I never set foot in one again , I’m good.
Posted on 3/29/24 at 9:26 am to Bama and Beer
quote:
This place has such a hard on for Buc-ee's and it's completely hilarious
Huh
Posted on 3/29/24 at 9:27 am to ragincajun03
quote:
and weighed on Americans’ outlook on a largely robust U.S. economy
What the frick is this dude smoking?
Posted on 3/29/24 at 9:31 am to ragincajun03
Wow, gas prices rise and fall. I other news, water is wet.
Posted on 3/29/24 at 9:35 am to ragincajun03
I remember when some dumbass journalist was pimping lower fuel prices not too long ago as proof Biden’s economy was getting better.
He said those I DID THAT stickers on gas pumps were backfiring; forgetting that $2.50/gal fuel prices were still $0.75/gal higher than before he took office.
He said those I DID THAT stickers on gas pumps were backfiring; forgetting that $2.50/gal fuel prices were still $0.75/gal higher than before he took office.
Posted on 3/29/24 at 9:42 am to ragincajun03
Perhaps the government could help out the citizens by reducing the amount of taxes being placed on a gallon of gas.
Somehow this never is brought up.
Somehow this never is brought up.
Posted on 3/29/24 at 9:44 am to ragincajun03
Congrats O&G baws. You win yet again
Posted on 3/29/24 at 9:54 am to Shexter
quote:
TLDR: Many corporations are using inflation as an excuse to raise prices and profit margins on a record level.
Quick question. Are you suggesting that companies can just raise prices with no change in consumer buying habits? And that they all just realized it in the last few years? If what you suggest is true (it isn't) why haven't they just been raising prices for forever? Why not charge $100 for a loaf of bread and $1MM for a car?
I'll answer my own question: Price elasticity, supply and demand, and competition.
Posted on 3/29/24 at 9:55 am to udtiger
quote:
largely robust U.S. economy
Let's add that term to the list with "transitory inflation".
Posted on 3/29/24 at 9:56 am to ragincajun03
quote:
is now spending as much as $20 more on gas a week.
Where the frick is he driving to spend that much more? Jesus.
Posted on 3/29/24 at 9:56 am to ragincajun03
Oil is over $80 a barrel right now; it's that simple.
Posted on 3/29/24 at 10:01 am to Bama and Beer
quote:
This place has such a hard on for Buc-ee's and it's completely hilarious
Shut your whore mouth
Posted on 3/29/24 at 10:03 am to Shexter
quote:
Many corporations are using inflation as an excuse to raise prices and profit margins on a record level.
I know some profit margins have increased, but in the sector I work in, we had to raise prices as high as 40% in 2022 to catch up to total profit dollars, not profitability, for the 2021 inflation. We have not seen decreases outside of 1 or 2 main raw materials either, only smaller increases. So what I’m saying is while profitability may have increased from 22 to 23, we still aren’t back to margins seen in 18-20.
This post was edited on 3/29/24 at 10:07 am
Posted on 3/29/24 at 10:07 am to Chucktown_Badger
quote:
So why don't they build a refinery in the west somewhere?
EPA restrictions
High cost of capital
Why would you invest billions of dollars in building a refinery when the EPA permitting process would make it a minimum 5 years before you’re actually MAYBE processing crude. Now add in the fact that the federal government is actively pushing policies and subsidies to try and reduce the use of crude oil, why wouldn’t refiners simply make slight upgrades to existing structures and plants versus trying to build new ones?
Posted on 3/29/24 at 10:08 am to Bama and Beer
quote:
This place has such a hard on for Buc-ee's and it's completely hilarious
I don't have a hard on for Buc-ees. It's more of a semi hard on
Posted on 3/29/24 at 10:19 am to Oilfieldbiology
quote:
EPA restrictions
High cost of capital
Why would you invest billions of dollars in building a refinery when the EPA permitting process would make it a minimum 5 years before you’re actually MAYBE processing crude. Now add in the fact that the federal government is actively pushing policies and subsidies to try and reduce the use of crude oil, why wouldn’t refiners simply make slight upgrades to existing structures and plants versus trying to build new ones?
Thanks for the thoughtful response, but it was more of a rhetorical question. I have no sympathy for the woes of people out west who did this to themselves.
Posted on 3/29/24 at 10:31 am to ragincajun03
Bidenomics babyyyyyy
Posted on 3/29/24 at 10:37 am to ragincajun03
quote:
The Federal Reserve’s preferred inflation gauge doesn’t include volatile food and energy costs.
that's convenient
"The statistics for Baton Rouge crime rates do not include murder and theft statistics."
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