Whoa nelly! $3.10 & $3.04 per gal for reg gas! But there's no inflation?

[WePurrsevere]

We just went to the nearest small grocery store. On the way we past a small mom & pop gas station that is usually the lowest for miles around... it was $3.10. At the IGA (grocery & Citgo station) it was $3.04 ... this is up from $2.99 & $2.94 just a couple of days ago.

We picked up a can of coffee... Maxwell House and Folgers were around $4.50 a pound... we bought IGA's brand for a bit over $3.00. Other prices were higher as well ... not a surprise after seeing the gas prices going through the roof since we know they're directly related but a bit frightening none the less since as gas, home heating fuel and grocery prices go up we're in dire straights until next January when we hope to get a COLA increase to our Soc Security :scared:(I really wish Congress would consider adjusting it a few times a year so we might have a slight chance of keeping up with INFLATION).

I just want to know one thing (other then what are the prices near you).... What one damaged brain cell was it that people used in thinking that voting for big corp OIL MEN would in anyway shape or form be good for our pocket books? :grr:

[shoelace414]

1. Inflation doesn't take energy cost into the equation

[northzax]

9. or housing, right?

energy could triple, housing could double, and 'inflation' wouldn't change.

[WePurrsevere]

16. Didn't they recenty change the formula for calculating inflation? Having

it reflect REALITY would be just to much to ask right? :sarcasm:

edited for typo

[cal04]

2. look at this. this is criminal

$4.26 The price of a gallon of regular self-serve gas in Brooklyn.

[electron_blue]

19. really????

[Scriptor Ignotus]

25. I'm so happy I don't have a car anymore

but I'll still be paying more for everyday items, just like everyone else.

[lectrobyte]

41. What's the crime? Even at that price, still cheaper than what a lot

of the rest of the world pays. Anyway, increasing demand, constant or decreasing supply... what would one expect to happen in that case?

[Justice Is Comin]

42. Definitely

check gasbuddy.com if you don't know about it for the best gas price in your area. Especially now.

[Dogmudgeon]

3. You ain't seen nothin' yet

The Bush Cabal has turned Peak Oil into a bumpy plateau, with every fluctuation in price another opportunity for him and his friends to make money by the long ton.

I would not be surprised if gasoline is around $5 per gallon later this season.

Drive less. Walk more -- and/or get a bike. And raise hell.

--p!

[WePurrsevere]

14. Not all of us can "walk more and/or get a bike"... some of us are disabled

and as much as we'd love to simply can't... I am however thinking a horse sounds better all the time. At this rate they'll be cheaper per mile to use then cars. :)

You maybe right about $5. per gal... however for the sack of us northerns being able to heat our homes next winter... I sure as heck hope you're wrong.

[Dogmudgeon]

33. Me, too

After three years, I'm finally allowed to start a walking program again, but if my feet give out, it's back to zero for me. I also have bad balance from ear surgery; a bike might be possible, but it would have to be an adult three-wheeler, or have "training wheels". With an increasing number of Americans like me -- disabled but wanting to become as active as they can -- there ought to be a big market for alternatives to the alternatives. (Heck, I'd like to be able to use roller skates again.)

Horses are good, but they're also kind of expensive for most people. In many rural areas, they would be ideal. (You do know that Bush is afraid of horses, right?)

I look at this problem in the context of running out of cheaply-available petroleum. We're almost exactly at the center point, or "Peak Oil", and the price will be escalating from here.

Gas, oil, and even electricity for heating have a little more elasticity, but if we have a cold winter, you can be sure that price gouging will take place. This past year, the price rose to over $11/mmcfu, then fell back to about $7 after the unusual warm spell set in after the New Year. The Europeans and Asians, however, had a nasty winter, and got boned by the gas companies. Natural gas, and heating prices in general, have tended to lag by about a year behind gasoline prices, so heating during this coming winter will probably be pricier, either way.

If you own your home, you may want to improve the insulation, install a Franklin stove, and maybe some thermal-solar stuff.

The real trouble is still a few years away. Most of the world's agriculture is heavily dependent on oil; it takes 7-10 calories of oil to produce one calorie of food, and mass vegetarianism wouldn't change it very much. An unremedied energy collapse would result in widespread famines. Expensive gasoline might be an overall major annoyance, but expensive and unavailable food would be a disaster.

--p!

[WePurrsevere]

39. ::sigh:: I used to love to roller skate. I miss being able to do things...

like hike and bike.

I hope your feet at least get better and you can soon do things you enjoyed again. I have MS and it mostly hits me with extreme fatigue, blurred vision and equalibrium... finding a balance of how far can I push w/o going to far and "crashing" has always been a challenge for me since by nature I like to go, see & do. B-)

We live on 7+ acres of an old dairy farm in a rural farm area so horses are a very good possibility and as a suppliment hay and feed are not horribly expensive and easy to come by. We also have a heavy Amish population so the area is set up for and used to dealing with their carriages and horses.

We're very concerned about the oil costs since we do own our home and are a fixed income. After last winter (our fisrt full one in this "new to us" old, part 1850/part 1970, farm house we know we MUST insulate and will hopefully find the funds to do so over the summer. We have a woodstove we'll be adding in the basement, will hopefully be able to get a new gun for the old furnace that will make it more efficient when we do use oil, and if we can at all my DH has been doing a lot of research on geo-thermal as well as solar and wind. To be fully off the grid and get paid for the extra we sell to the power company is a wild fantasy of ours. :D

The higher fuel costs will certainly hurt the smaller farmers... it's already extremely difficult for them and more sell out all the time. :(

[Ganja Ninja]

They've been lying through their teeth for years about inflation.

Wages haven't increased much if any but prices have kept going up. I think we're going to find they've been cooking the books on just about everything. It may be impossible to ever get our government accounting straightened out for the time this administration has been in power.

[raccoon]

21. Yes, they have, Democrats and Republicans. nt

[Burried News]

4. The Feds numbers for the inflation rate are absolute Bushit.

Especially the ones that don't include energy and food. What the hell is left that I have to have?
Things like juices, fresh vegetables etc. have gone through the roof. There is no local produce in the stores and I live in NC. Even in FL most of the produce is coming from Central and South America. They have created choke points for the entire food distribution network. Meanwhile the roads are congested with gigantic tractor trailers whose drivers are zoned out from lack of sleep.

[annabanana]

10. We knew this would be the result

When they started diddling around with what commodities were included in the figures...
They included things that have decreased on the average (like long distance phone calls) and removed things, essential ones, like food and energy that have gone up... and that we have to keep buying in order to function...

How the hell did they get away with that, anyway?

[Burried News]

15. If the Democratic strategists do nothing but go after the inflation

issue, they should be able to win both houses of Congress. Anyone who does the family shopping knows they have taken a tremendous hit since Botch has been in office.
They have played with all the facts and statistics to cover up for his failures. All of them.
From an economic standpoint, this administration has been nothing but a five year looting of the American middle class. A Newtonian Contract on America.

[WePurrsevere]

26. I agree.. this is a winning issue for Dems. When prices go up & incomes...

do not... it hits the average American hard in the pocket book.

If Dems would concentrate on getting facts and truth out there and form a plan to fix things... most folks would see the truth of what they're saying since they're living it everyday.

That Contract ON America has hurt so many for so long... and it's only gotten worse in the last 6 years.

[WePurrsevere]

22. It seems like this is the same type of "voodoo" cook the books economics->

that got Enron into trouble.

As for how they get away with it... I don't know really... maybe it's that there are too many suckers with too many coats of red, white and blue paint coating that one lone brain cell so they can't think straight. :shrug:

[benburch]

5. That WILL factor into inflation.

Because everything takes fuel to deliver to market.

[Burried News]

17. You bet it does. Just look at the labels in the store and see where

foods are coming from:
Apple Juice from China
Shrimp from Thailand
Honey from Brazil and Australia
The United States isn't Denmark. We are a huge country. There is no economic reason for us not to be self sufficient in most of these commodities.

[benburch]

24. Canned cookies from Denmark at Walgreen's for $2.50 a tin...

That cannot last.

[livetohike]

6. Our gas went from $2.85 to $2.95 in one day

I just got back from the Post Office. Our cheapest station is an Arco station at the corner. Other stations I passed were well over $3.00/gal for regular unleaded. I am in Oceanside, CA.

Sadly, I think gas prices will have to go a lot higher before people connect the dots. Mostly, it seems people are sleep walking.

[maveric]

7. Just watched them change the numbers to $2.95. $2.93 yesterday...

$2.91 Sunday, $2.89 Saturday.
East San Diego county.

[dogday]

I get so mad.. All I can see is shrub kissing a Sheik

and they are all laughing at us paying out the ass for gas!!!!

[WePurrsevere]

20. Yeah... add to that record profits for oil co's & mind blowing retirement

packages for oil company CEO's and it's enough to make most folks blow a gasket if they have any grey matter left upstairs at all.

As a rule I don't mind if a business makes a FAIR profit but when a ceo of an oil company is making an obsene amount of money while others struggle to heat their homes and get back and forth to their minimum wage paying jobs there's something very very wrong imo.

[dogday]

28. And I don't see anyone calling for any reform

or regulation of prices?????

[MikeNearMcChord]

32. But Neil Cavuto, said that this capitalism

but then again he can drive by that gas station, in Brooklyn and say, "that's all?"

[Burried News]

8. Need some nominations to get this on front page. Thanks for posting.

[RobertSeattle]

11. I don't know what to make of it

http://www.bls.gov/cpi/

[chaumont58]

12. Chimpie's talking heads can so there is little inflation, but

how can those that use petroleum products in the production of their goods not charge a high cost. If a farmer's annual costs include a certain percentage for oil, and that cost jumps, how does he not attempt to recover some of that jump by trying to sell his goods at a higher price? The price of oil is going to go higher, period. As India and China expand their middle classes, are they not going to demand more oil? The cost of everything that uses oil, anywhere in its production, is going to go up. People better get use to it. Detroit doesn't want to produce anything but SUVs that get piss poor milage. Before the world gets too much older, the only people who will be buying their SUVs will be chimpie's rich one percent that got the big tax cut.

[cyclezealot]

13. we are living near Perpignan, France.

used to live outside of Oceanside, CA. when we left last Oct. gas was over $3. here you go again.
we'll here we pay the same for a barrel of sweet crude, as does the US. . We used to pay 1.25 euros for a liter of gas. now it is like 1.32 euros. seven centime raise in like two weeks. compared to US price increases from what I read ; our increases are far more gradual. so far. guess, that means US adjusted dollars, our gas has risen .10 cents in two weeks. Wonder why? if that rise should speed up, will let you know.
SOunds like CA is catching up with ROussillon. adjusted for the weak dollar, that means our gas is 5.99 per US dollar.(may not be a fair assessment, since value of US dollars does not reflect local purchasing power?)
but, we have far more transportation alternatives, so gas increases have some what less significance here.

[DemReadingDU]

18. Ohio - $2.89, $2.99

Guess we are the ones paying for that ExxonMobil CEO Lee Raymond's $400 million retirement package.

[Scriptor Ignotus]

27. Ohio should have to pay $10 a gallon

for what they did in Nov 2004.

but take a gander at this:
http://www.surveyusa.com/client/PollReport.aspx?g=5f273a38-747f-4c9f-ae76-a0de1dfde5cb

[Jara sang]

23. $3.40 here in Hawaii

[Ready4Change]

29. "Except for energy and food prices, inflation was moderate..."

Honest to God quote from the radio yesterday. I couldn't believe my ears. It was like saying "Except for the rising prices, inflation was under control..."

L freaking OL

[unblock]

30. they exclude food and energy from "core" inflation 'cause they're volatile

however, a better solution would be to include them but smooth them, for instance by taking a simply average over the last several months.

[AnneD]

31. Went up overnight...

$2.68 to $2.79 in Houston Tx, home to many refineries and gas pipelines that are still offline due to Rita. Pray Houston Tx doesn't take a direct hit during the coming hurricane season, otherwise you can kiss this economy goodbye and gas will be unatainable.

[walldude]

34. Somebody has to pay for that 400 million dollar retirement package

It's tough to be a retiring CEO, what with the price of gas and all....

[The Backlash Cometh]

35. Don't you know anything at all? It's only inflation when there's a

Democratic president in office. Sheez. It's just a market correction until November 2008.

[ArmchairMeme]

36. Up, up, up

What a deal. I live on a fixed income.

Last Tuesday reg. $2.61 at 6 pm went to $2.79 at 9 pm.(Worcester Exxon) This Tuesday it was $2.89 for reg. and $3.07 for prem.

This Tuesday reg. $2.75 at 3 pm went to $2.89 (Northboro Citgo) This place has always been best price AND they pump!

It as though I can watch the numbers changing each and every time I drive by.

Are we the people paying for that Exxon man to retire with $389 million. He was just watching the price go up as well. It didn't take any hard work.:sarcasm:

[undergroundpanther]

37. This is why the fed stopped publishing the M3 index!

In March.Much easier to lie about inflation when that "information" isn't available.I warned folks about this here MONTHS ago..Everyone thought it wasn't important.. Well...

http://inflationdata.com/inflation/Articles/M3_Money_supply.asp

http://newropeans-magazine.org/index.php?option=com_content&task=view&id=3666&Itemid=85

[yy4me]

38. If you own oil stock, there is no inflation. There is no "high cost"

of gasoline. There are only inflated stock portfolio's and inflated wallets for stockholders. I wonder what the closing numbers of the stock market would be if they could be computed without the inclusion of any petroleum related stock?

[SunDrop23]

40. I paid $3.13 in Dallas today.

3 frickin 13.

Why in the hell is the most advanced country in the world not using alcohol instead of gas?