[M-technik-3]

high cost of living and impending weight of more inflation is a bit down right depressing after the last two years of covid. Really wonder how well the country will deal with this.

Gas/Diesel costs are looking to be $5 before summer and we know what happened the last time oil hit this level.

[cmyx6go]

Average cost of diesel in CA was already above $5 per gallon last week. Strap yourselves in boys and girls. Trucks move everything. Costs are skyrocketing and the increases will be passed on to consumers.

[TiMSport]

Time to stock up on K-Y I guess.

[kscarrol]

Originally Posted by TiMSport

Time to stock up on K-Y I guess.

Surely you have plenty already?

[Tommy-G]

I don’t profess to be overly smart but…..in Florida things “appear” pretty normal. Do any other states appear different in the day to day?
My home state of NJ just stopped mask mandates, I was like whatttttt? Wasn’t that over a year ago? I mean even Disney stopped masks almost a year ago.

Yes gas is high, yes houses are through the roof, but back in 2008 I remember physically seeing the financial downturn all around me. I’m concerned that’s what’s coming again but I’m not a smart man

[dmatre]

I'm guessing if this keeps up for a while, there'll be quite a few people trading in their SUVs for hybrids/EVs.

[TiMSport]

Originally Posted by kscarrol

Surely you have plenty already?

Nah, used it all up already.

[tgrundke]

Originally Posted by dmatre

I'm guessing if this keeps up for a while, there'll be quite a few people trading in their SUVs for hybrids/EVs.

That's all part of the plan....

[rebekahb]

Originally Posted by cmyx6go

Average cost of diesel in CA was already above $5 per gallon last week. Strap yourselves in boys and girls. Trucks move everything. Costs are skyrocketing and the increases will be passed on to consumers.

I was thinking the same exact thing. Prices on goods have already risen due to shortages. Now, add diesel going up like this. It's a cluster f*$k.

[ryan stewart]

Originally Posted by dmatre

I'm guessing if this keeps up for a while, there'll be quite a few people trading in their SUVs for hybrids/EVs.

Man I remember in 2007-2008 when gas was over $4 and you could get those Excursions for NOTHING the people just bought a few years before. We were already back to that with the pandemic cheapness, everyone driving around Atlanta in lifted bro-dozers tuned to roll coal from their condo to office parking garage.

I guess this might be the thing that finally curbs prices on those guzzlers. Not that I will care though, rocking my stock tune N52 and can choose from one of 4 motorcycles that get hybrid like mileage and occasionally ripping your face off.

[dreamingat30fps]

Originally Posted by rebekahb

I was thinking the same exact thing. Prices on goods have already risen due to shortages. Now, add diesel going up like this. It's a cluster f*$k.

It's been a cluster fuck since 2020, the scary part is that it LOOKS like nothing is wrong. I mean we have all these shortages, all these people without jobs, yet all these job vacancies, ridiculous housing prices, insane gas prices and crazy prices on everything else, now we have Russia saying fuck this, let's kick it up a notch... yet I don't see anything dropping in price. Houses are still on the market for just days, good luck finding a new car, used ones are still selling for over MSRP. It's like while all this shit is going on everyone secretly won the lotto, but apparently skipped me.

We will either continue with the charades or we will be having a very rude awakening soon.

[dmatre]

Originally Posted by tgrundke

That's all part of the plan....

You think Putin's a tree-hugger?

[bobowar135]

In my neck of the world 98 octane is going for au$1.90 to 2.05/litre, 95 octane is about 10c cheaper, and 91 ethanol blend is about 10c cheaper again. Diesel is about the same as 95ron. That works out to about us$6.45 per 4.5l gallon for 98ron. Fresh & frozen produce are definitely harder to get in the supermarkets, no doubt the floods have had a hand in this. But what I don't get is....if there is a hint of flood or lockdown....toilet paper becomes the holy grail of of your shop.

[Tommy-G]

Originally Posted by dreamingat30fps

It's been a cluster fuck since 2020, the scary part is that it LOOKS like nothing is wrong. I mean we have all these shortages, all these people without jobs, yet all these job vacancies, ridiculous housing prices, insane gas prices and crazy prices on everything else, now we have Russia saying fuck this, let's kick it up a notch... yet I don't see anything dropping in price. Houses are still on the market for just days, good luck finding a new car, used ones are still selling for over MSRP. It's like while all this shit is going on everyone secretly won the lotto, but apparently skipped me.

We will either continue with the charades or we will be having a very rude awakening soon.

Thats exactly what I was saying above. Are we living in like Florida-dome or something not affected like the rest of the country?

[cmyx6go]

Originally Posted by cmyx6go

Average cost of diesel in CA was already above $5 per gallon last week. Strap yourselves in boys and girls. Trucks move everything. Costs are skyrocketing and the increases will be passed on to consumers.

This is bad. The EIA releases the average costs of fuel each Monday for the week. Last week, the National average for diesel was $4.104 and CA was $5.077. This week - National is $4.849 and CA is $5.759. That is a $0.70 per gallon increase in one week.

I track this for work as the cost of fuel is the basis for determining fuel surcharges on freight. Forget about the total which is an all time high, in my 30+ years in this industry, I have never, ever seen a $0.70 per gallon increase in one week.

[vreihen16]

Originally Posted by ryan stewart

Man I remember in 2007-2008 when gas was over $4 and you could get those Excursions for NOTHING the people just bought a few years before.

I bought the Mighty Dodge (2006 Dodge Ram diesel) back then on a whim. The original owner had an excavation company that was hurt by the housing bubble, and was forced to sell his personal truck to cover payroll and his equipment leases. The sale price was so low that I'm still rightside-up 14 years later, and can sell the truck for a profit any time that I want.

With that said, I am glad that we also have two EVs in our driveway, and a cheap source of hydroelectric power to charge them.....

[ASAP]

We are in trouble in a few months for sure-

We have the highest inflation over 40 years.
Gas is soaring.
Interest rates about to go up.
There is virtually no wage growth in the middle class jobs sector.

Housing is being propped effectively by low supply and that's it... overall asset values including the stock market are quite overvalued as well.

I just don't see how people could think we are in a good spot - the recession is already effectively here.

[tgrundke]

Originally Posted by dmatre

You think Putin's a tree-hugger?

Heck no; I think that the current administration is perfectly happy to see the demand destruction that $5+ gasoline leads to. Their stated goal has been to speed the transition to EVs and to seriously pressure the petroleum industry.

Welp, this is it.

[dmatre]

Originally Posted by tgrundke

Heck no; I think that the current administration is perfectly happy to see the demand destruction that $5+ gasoline leads to. Their stated goal has been to speed the transition to EVs and to seriously pressure the petroleum industry.

Welp, this is it.

And I suppose the inflation in housing, used cars, food, etc. is all part of this EV plan as well?

[unluky]

Originally Posted by tgrundke

Heck no; I think that the current administration is perfectly happy to see the demand destruction that $5+ gasoline leads to. Their stated goal has been to speed the transition to EVs and to seriously pressure the petroleum industry.

Welp, this is it.

Agreed. The people that say they can't understand why they don't turn to US supply again surely didn't listen to their campaign plans. While this is not great rolling into a election cycle, it 100% helps their end goal.

I don't agree with it, but if I did this is exactly what I would want to push some over the edge to more EV ownership.

[TiMSport]

In light of all this, I can't help but wonder how crazy expensive flight tickets will become considering jet fuel.

[tgrundke]

Originally Posted by dmatre

And I suppose the inflation in housing, used cars, food, etc. is all part of this EV plan as well?

Your words, not mine.

I'm not suggesting a grand conspiracy, I'm merely suggesting that the current admin has a stated policy goal of accelerating the move away from fossil fuels and toward EVs; and that the current runup in fuel prices is a useful wedge to achieve that goal. That policy platform is also part of the reason why the admin won't relax rules and regulations on domestic drilling until he's absolutely backed into a corner with no other choice.