WHAT? (1 Viewer)
- Thread starter winkwallace
- Start date
This site may earn a commission from merchant affiliate
links, including eBay, Amazon, Skimlinks, and others.
Markuson
SILVER Star
Gasoline, used cars, and hotels are food?
If you think steaks are bad, go check what a pound of bacon goes for now as opposed to last year... practically double.
Thankfully microbrew beer and (for @marksuon) chocolate milk prices seem to be holding steady, at least around me
Inflation due to short term labor or supply shortages? Nope. Classic capitalism and supply/demand reactions. Due to long term monetary policy? I guess we’ll see.But inflation is in check
The fuel price inflation is a red herring. Prices are still lower today than when they were before the pandemic started.
Steak is also dependent on where you buy your steak. If cut up by IBP or the like then, yes, prices are higher due to labor shortages and some supply and transportation issues. Strangely enough, where i buy my steak and ground in bulk, the prices have barely risen. But then that is a walk in joint for the beef cattle, and they cut on site.
Groceries, autos, fuel, housing, insurance and property taxes all up. Not good.
There will be a reckoning at some point, as the average person cannot afford these price increases.
Luckily, I have no auto loans and we built our home 10 years ago. I could not afford to build the same house today, plus buy the same vehicle I have now.
I hope the economy crashes and I can pick up a 2nd house at a decent price.
I'm gonna hold out and sell my HE in 5 years for $1.5 million
PhuckItImDone
SILVER Star
It's obnoxious because I want to car shop, and know the market is all banged up.
D21FJ60
#LiveLaughLove.
Funny, that's the local Toyota dealership for me and they're a TLCA business partner. Wild to see these prices.
Shows they have (7) 200s in stock. Prices range from $105k - $120k (and two that you have to call for a price, so I'm guessing higher). One has 12 miles on up to 26k+ miles.
Wonder what they'll buy my '16 for
Shows they have (7) 200s in stock. Prices range from $105k - $120k (and two that you have to call for a price, so I'm guessing higher). One has 12 miles on up to 26k+ miles.
Wonder what they'll buy my '16 for
RET2
SILVER Star
The way things are going there won't be any difference be it from inflation or immigration.Is that dollars or pesos?
It’s only 5.3%* - totally reasonable and most importantly, TRANSIENT!But inflation is in check
* after we removed everything that went up in price from our inflation calculation formula.
TheGrrrrr
GOLD Star
Last I checked the automotive industry as a whole accounts for 60-70% of the inflation jump, so not exactly a reflection of the fundamental economy given the supply chain impacts driving it. Pandemic inflation is real, but I'm not seeing any data that indicates fundamental changes, aside from the housing market, which isn't part of inflation calculations.
Prices for fuel lower than pre pandemic? Where are you buying your gas?
Gas Station Price Charts - Local & National Historical Average Trends - GasBuddy.com
Compare gas and crude oil prices over time for the US Average, Canada Average, and your hometown. View charts for the past month to 10 years.
www.gasbuddy.com
Washington State, Michigan, Alaska, Minnesota, ….Prices for fuel lower than pre pandemic? Where are you buying your gas?
Gas Station Price Charts - Local & National Historical Average Trends - GasBuddy.com
Compare gas and crude oil prices over time for the US Average, Canada Average, and your hometown. View charts for the past month to 10 years.
Well then according to the data I posted, it is far from being a red herring
A lot of GM SUVs are built here in Lansing, Michigan. Because of the chip supply shortage, there are vast parking lots full of assembled but not sellable SUVs because they lack chips for certain functions. Everywhere here in Michigan vehicle plants of all brands are either slowed, shut down, or producing vehicles they can't sell because of chip shortage. Shortages of new vehicles are incredible on dealership lots around here, so used prices are stratospheric. A used car dealer south of town recently sold a used Civic for more than a new one costs. It's a perfect storm with vehicles like the 200 Land Cruiser that also had a rise in value due to end of U.S. sales scarcity.
I'm glad my other vehicle is electric because gas prices are up over $1/gallon compared to pre-pandemic in mid-Michigan. If those continue to rise, it may affect GM's ability to sell all those SUVs when they finally get chipped.
I'm glad my other vehicle is electric because gas prices are up over $1/gallon compared to pre-pandemic in mid-Michigan. If those continue to rise, it may affect GM's ability to sell all those SUVs when they finally get chipped.
