Higher Prices Coming

I don't plan on going hungry, or the cats. I don't pay a lot of attention to prices since I just shop for myself. Though I have noted some increases.

If I have to go back to toast and potato or toast and creamed corn for dinner like I did when I was broke, I guess I will.
 

So the propaganda/media is telling us that here in Canada the inflation rate last month was 4.8%. I also read that our good neighbours to the south, USA, are "enjoying" an inflation rate of 7.5% Well, that is the news and it's up to you how much you believe the media. I believe what I see! New trucks are being sold for over $100,000 when you figure in the taxes. Groceries are way up too. Folks with money in the bank has a cushion to fall back on. However, I really feel for seniors on fixed income or those poor single mothers with a couple kids to feed. The world never has been fair and it certainly isn't now.
 
The tremendous jump in natural gas prices just had most of us here served by con ed get bills 50% bigger …we were netting out to .30 cents a kwr …we just paid ,47 cents
 

mathjak107 said:
The tremendous jump in natural gas prices just had most of us here served by con ed get bills 50% bigger …we were netting out to .30 cents a kwr …we just paid ,47 cents
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That is likely to become the "norm" for quite some time. Environmental/political issues with fossil fuels, and reductions in production, etc., have driven wholesale prices to levels not seen in years. The "movement" is to go All Electric, in everything from vehicles to household appliances. Unfortunately, our electric grids and generation capacities are nowhere near allowing an orderly transition away from oil/gas.

Fuel and food prices are going to have the largest impact on most consumers budgets...now, and for the foreseeable future.
 
mathjak107 said:
Con ed is the highest in the country I believe
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It's not just Con Ed....natural gas and propane prices are up all across the country. Our house is total electric, and our rates are quite reasonable, but some of the neighbors heat with Propane, and their heating costs are up almost 30% this year, over what they have paid in the past, according to a couple I've spoken with.

Given the "push" to move away from fossil fuels, I don't expect to see much relief in fossil fuel prices anytime soon.
 
Lethe200 said:
It was easy to get spoiled with inflation abnormally low for 12 yrs (2009 to 2020). Historically it averages around 3%. So this swing has happened before, and will happen again at some point, as we bounce our way back to the average over the long term.
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That was a nice link, thanks. It looks like every time there was a war there was inflation for a couple years. I guess the covid pandemic is acting like a war, it does seem very similar with the increase in spending to fight it and the shortages and disruptions to supply chains. I guess I'm happy things didn't get so bad that we needed rationing (though there was a time I would have been happy if toilet paper had been fairly rationed! ha ha).

It really feels like the pandemic is about wrapped up (if no horrid variant pops up), so now can we switch to post-war boom time maybe?

Though, I guess the global warming problem is starting to hit us, and will cost a lot. For a species that is supposed to be able to have foresight and good planning and preparation skills, we have been disappointingly passively waiting for climate change to come crush us. You'd think we'd at least be able to invent an affordable nice roof that isn't demolished by every hail storm.
 
HoneyNut said:
For a species that is supposed to be able to have foresight and good planning and preparation skills, we have been disappointingly passively waiting for climate change to come crush us.
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Humans are very good at short term planning for immediate threats. Our track record for dealing with long-term threats or delayed gratification are spotty at best. Especially when we add in political tribalism.
 
Last year I added a second 500gal propane tank to my existing one at the house, so I wouldn't get stuck paying mid winter prices. Need to find another one to double my shop fuel capacity also, although I should get through this winter, having been gone for two months. We can always count on the oil company's to gouge whenever possible. It's just amazing to me, that we as taxpayers are still subsidizing some of the most profitable corporate entities in the world. Mike
 
HoneyNut said:
That was a nice link, thanks. It looks like every time there was a war there was inflation for a couple years. I guess the covid pandemic is acting like a war, it does seem very similar with the increase in spending to fight it and the shortages and disruptions to supply chains. I guess I'm happy things didn't get so bad that we needed rationing (though there was a time I would have been happy if toilet paper had been fairly rationed! ha ha).

It really feels like the pandemic is about wrapped up (if no horrid variant pops up), so now can we switch to post-war boom time maybe?

Though, I guess the global warming problem is starting to hit us, and will cost a lot. For a species that is supposed to be able to have foresight and good planning and preparation skills, we have been disappointingly passively waiting for climate change to come crush us. You'd think we'd at least be able to invent an affordable nice roof that isn't demolished by every hail storm.
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You are exactly correct, HoneyNut....we are being hit with the results of global warming right and left and it will only get worse.
Not near enough is being done to prepare for the consequences and we can thank the politicians that always vote down any legislature dealing with global warming.
 
Jackie23 said:
You are exactly correct, HoneyNut....we are being hit with the results of global warming right and left and it will only get worse.
Not near enough is being done to prepare for the consequences and we can thank the politicians that always vote down any legislature dealing with global warming.
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Not only in America but world wide politicians want to remain in office. All want a piece of the pie that improves the lives of their constituents. The sad reality IMO while trying to improve deterioration is the result.
 
SeaBreeze said:
I just filled up my Jeep yesterday, gas was $3.19 per gallon for regular. Been the same for the past couple of weeks, not too bad.
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Same here....we had to do some running around today, and I saw gas prices between $3.09 and $3.39. However, that is about $1/gal. more than what we normally see this time of year. I'm already getting mentally prepared for $4/gal. by Spring, and that price may be optimistic, depending upon what happens with this Russia/Ukraine mess.
 
It's about $4.50/gal for regular at most of the more reasonable stations around here. $4.20 or so at Costco.

When fuel prices go up everything else follows. With what's going on between Russia, Ukraine, Germany, Europe in general, the US and NATO, we'd better fasten our seatbelts, it looks like a bumpy road ahead.
 
I don't feel sorry for anyone complaining about higher gas prices. I am old enough to remember the gas shortages in the US during the early 1980 when people had to line up for 2 hours to get gas. Since then everyone seems to have forgotten and now they drive big 4 X4 trucks with V8 motors and Suvs. I drive a 4 cycliner Ford Focus and welcome the higher fuel prices. I really feel that the "gravey train ride" here in Canada and the US will end very soon with increasing prices all over the place. It's the end for everyone who has a cottage out in the country and drives a big 4X4 carrying a snowmobile or a ATV on the back. Oh, the rich will continue as they always have. You'll be OK if you are the rich but for the rest of us it's "hard times comin'.'

I can see that there is going to be a certain "cutting the fat" in the future and of course, this will come from the middle class. The rich will always stay rich and they will always "live high of that proverbial hog." The poor have always suffered and will continue to suffer; maybe even more but they know what suffering is all about. The middle class will have to start cutting some of the fat (luxuries) in their lives. This means that some will have to get rid of expensive pets with expensive feeding and maintenance at the vet, cheaper mobile phones rather than the $1,000 plus, less eating out, less going out to shows, less "toys for boys" like expensive ATVs, snowmobiles and personnel water crafts.

The economy of the Western World is going to take a real nose dive. I'm not sure where and when it will stop but hey, all things come to an end.
 
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Packerjohn said:
I don't feel sorry for anyone complaining about higher gas prices. I am old enough to remember the gas shortages in the US during the early 1980 when people had to line up for 2 hours to get gas. Since then everyone seems to have forgotten and now they drive big 4 X4 trucks with V8 motors and Suvs. I drive a 4 cycliner Ford Focus and welcome the higher fuel prices. I really feel that the "gravey train ride" here in Canada and the US will end very soon with increasing prices all over the place. It's the end for everyone who has a cottage out in the country and drives a big 4X4 carrying a snowmobile or a ATV on the back. Oh, the rich will continue as they always have. You'll be OK if you are the rich but for the rest of us it's "hard times comin'.'
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Bigger is Better in America!
 
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