« First « Previous Comments 554 - 593 of 1,539 Next » Last » Search these comments
Gas fell ~$1 over the last month in my neck of the woods.
.
October 2023 inflation numbers (i.e., CPI)
12 month: 3.2%
1 month: 0.2%
recall 12 month CPI peaked around 9.1% back in June 2022 and this was the highest annual CPI since around 1981
.
The logbook with all fuel purchases recorded in my truck goes back to the first fill up on May 5, 2006, in East SJ: $3.31 per gallon.
This weekend, at same station, $4.20 per gallon.
From a simple calculation for CAGR that comes out to about 1.4% annualized inflation in gasoline prices during the past 17.5 years.
The Sky Is Falling Down.
ad says
.
October 2023 inflation numbers (i.e., CPI)
12 month: 3.2%
1 month: 0.2%
recall 12 month CPI peaked around 9.1% back in June 2022 and this was the highest annual CPI since around 1981
.
Ahhh, Month over Month CPI was zero, zip zilch, nada.
I am still giggling at the Hedge funds that were short long term treasuries on margin going into today.
A central bank policymaker has spoken out to warn that the globalist “Net Zero” agenda of the World Economic Forum (WEF) and United Nations (UN) is behind the soaring inflation rates felt around the globe.
According to Catherine Mann, a prominent member of the Bank of England’s (BOE) Monetary Policy Committee, “climate change” policies are a key driver of soaring inflation.
“Climate change” and countries’ different approaches to combat it are likely to boost inflation, Mann warns.
If oil prices keep going down, we may get a negative MoM print for the CPI,
.
Inflation going down and Walmart says there may be deflation for its groceries as Walmart is predicting a major economic downturn
"The Labor Department reported Thursday that new applications for unemployment benefits jumped by 13,000 to 231,000 last week, the highest in nearly two years, and corporate layoffs are starting to accelerate."
https://www.thestreet.com/investing/wall-street-cheers-lower-inflation-new-risk-has-investors-on-edge
.
See https://www.rt.com/india/587535-india-russia-oil-trade/
"Indian Foreign Minister Subrahmanyam Jaishankar..." [Big snip of unrelated nonsense]
ad says
"Indian Foreign Minister Subrahmanyam Jaishankar..." [Big snip of unrelated nonsense]
Why are you changing the subject?
The topic is the price of gasoline in Los Angeles on October 5, 2023 at $8.00 per gallon. Any thoughts about this?
yeah, and you could have gotten a better deal ... according to Gas Buddy website, its $4.09 at Kwik Serv 2370 Alum Rock Ave San Jose, CA
ad says
Best price I could find for a Butterball turkey around here is $1.97/pound.
« First « Previous Comments 554 - 593 of 1,539 Next » Last » Search these comments
https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net