Price increases

mrstime said:
3 people, as I said I was paying $200.00 a week before Covid. I suspect that the grocery stores are loving increasing prices! Then this is Canada and we are used to paying more but today was ridiculous.
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I'm paying 1/3 more for groceries since before the pandemic but it's the cost of gasoline and the increase in utility costs that's killing me and so many others.
 
Are the fuel prices just because of the war in Ukraine? You'd think the other oil producing countries would increase production.
It is so weird that in the 70s when I was starting out in life there were oil problems and i think over 10% inflation plus 10% unemployment, and now when I retired everything falls apart again. Though at least there isn't a lot of unemployment. When I was running tools before I retired to see if I had enough to retire, almost all the projections were okay, there were just a few that my money would fail before the expected 'end of plan', I'm still hoping this will all resolve, hopefully within a year.
 
HoneyNut said:
Are the fuel prices just because of the war in Ukraine? You'd think the other oil producing countries would increase production.
It is so weird that in the 70s when I was starting out in life there were oil problems and i think over 10% inflation plus 10% unemployment, and now when I retired everything falls apart again. Though at least there isn't a lot of unemployment. When I was running tools before I retired to see if I had enough to retire, almost all the projections were okay, there were just a few that my money would fail before the expected 'end of plan', I'm still hoping this will all resolve, hopefully within a year.
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It's because of sanctions. Saudi Arabia is working with Russia and in the U.S. new oil refineries will never be built due to "green" regulations. We should be energy independent and were for a long time until the green movement got out of control. This would be a time to loosen regulations so people can at least survive. The federal reserve is failing in it's duty to stabilize inflation. That's its primary purpose but it hasn't done that. It doesn't look great from where I'm sitting.
 
Fuel prices have skyrocketed largely due to the Ukraine invasion and because of the oil companies, who refuse to open additional reserves so they can make record profits. This has had a domino affect on the price of goods and services because they are transported and that takes fuel.

Home prices and rents have skyrocketed because of the disruption of the supply chain and Covid. Lumber, for example, has increased exponentially, raising the price of new homes. Also, the REITs have bought up neighborhoods of homes and are refusing to sell them to first-time homeowners, only renting them. This has created a shortage of real estate.

@Wontactmyage the higher prices have very little to do with wage increases.

https://www.nahb.org/blog/2022/01/l...s-more-than-18600-to-the-price-of-a-new-home/

https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/residential-reit/#:~:text=Residential REITs buy and hold,of return on their investments.
 
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chic said:
I'm paying 1/3 more for groceries since before the pandemic but it's the cost of gasoline and the increase in utility costs that's killing me and so many others.
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We are paying more for groceries, too. My son told me to try to keep this week's groceries to $50. So I put only things for him in the cart and after he pruned it, it was still $98! He is vegan and gluten-free. After that, he saw the light, except he asked me to take 3 $1.00 candy bars off the list. I did, but before I paid, I put them back on. Our groceries are delivered, and feed 3 adults.
 
WheatenLover said:
We are paying more for groceries, too. My son told me to try to keep this week's groceries to $50. So I put only things for him in the cart and after he pruned it, it was still $98! He is vegan and gluten-free. After that, he saw the light, except he asked me to take 3 $1.00 candy bars off the list. I did, but before I paid, I put them back on. Our groceries are delivered, and feed 3 adults.
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Do you have no money for groceries (so your son provides what he thinks is appropriate), or are you complaining about your son's unrealistic ideas about what things cost?
 
Everyone remember when we were all going GREEN ? ..... oil drilling became very unpopular in the US by 2020.
We were going to start relying on imports again.
So here we are.

The Permian Basin (Texas) drilling companies that were going full steam until then, were told to shut down.
The whole Midland-Odessa area became ghost towns at that point.

Now, after letting the thousands of workers go, and getting rid of their leased equipment, companies are slow to start up.
And it takes many months to fully engage in drilling operations when they do fully commit to start drilling again.

I know my SIL isn't going back to that work again.
 
I don’t know for certain what it is, which theories explain the current situation but whatever it is or they are, it’s making me extremely angry. I feel like I’m being robbed, to fill someone or something’s pockets to overflowing, robbed of the quality of life I worked hard and planned & saved to attain. I wish there could be some massive rebellion, demonstration, in every town , city and state to say ENOUGH!
 
I'm VERY worried about the gas increase, as that's what I use for heating.

As for everyday expenses, though, what really irks me is bathroom tissue- toilet paper.. to make a long story short, I've been buying it from Amazon because local stores stopped selling decent-quality tissue at reasonable prices and replaced it with substandard-quality at much higher prices.
 
HoneyNut said:
Are the fuel prices just because of the war in Ukraine?
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No.
Remember a couple decades ago the fuel crisis? (as if a shortage)

It was, and remains, arbitrary , controlled by the .................. monopoly? Much bigger than a monopoly - bigger than a cartel even.

Concern for people's welfare is non-existent among the world's rich, except for their own profits/ their own concerns.
 
Fuel prices started rising long before the war in Ukraine. Inflation occurs when there is too much money chasing fewer goods. When the government flooded the economy with all that Covid relief money, then shut down the economy, you’ve got inflation. When oil leases are cancelled and pipelines building ceases, you get higher gas prices, which in turn fuels inflation even more. Yeah, I remember the 70’s.
 
Just Jeff said:
No.
Remember a couple decades ago the fuel crisis? (as if a shortage)

It was, and remains, arbitrary , controlled by the .................. monopoly? Much bigger than a monopoly - bigger than a cartel even.

Concern for people's welfare is non-existent among the world's rich, except for their own profits/ their own concerns.
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Bingo!
 
I would rather go back to the mid 70s, when there was a gas crisis. I was just a teenager with my first car. I sat in those lines and paid those prices. Was the only thing I was aware of or had to worry about. I did not have a clue about what adults were worrying about. Ignorance can be bliss. I wish I still had that little ford pinto.
 
Blessed said:
I would rather go back to the mid 70s, when there was a gas crisis. I was just a teenager with my first car. I sat in those lines and paid those prices. Was the only thing I was aware of or had to worry about. I did not have a clue about what adults were worrying about. Ignorance can be bliss. I wish I still had that little ford pinto.
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Well said. I just knew I had to wait in long lines for gas and that was about it!
 
dseag2 said:
Fuel prices have skyrocketed largely due to the Ukraine invasion and because of the oil companies, who refuse to open additional reserves so they can make record profits. This has had a domino affect on the price of goods and services because they are transported and that takes fuel.
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I wonder if those reserves are being held back for the military? Probably when we send military planes and vehicles to Ukraine, we send fuel, too.
 
CarolfromTX said:
Fuel prices started rising long before the war in Ukraine. Inflation occurs when there is too much money chasing fewer goods. When the government flooded the economy with all that Covid relief money, then shut down the economy, you’ve got inflation. When oil leases are cancelled and pipelines building ceases, you get higher gas prices, which in turn fuels inflation even more. Yeah, I remember the 70’s.
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There are a lot of reasons for fuel price increases. That doesn't change the fundamental, pressing need for the world's population (especially big polluters like the US) to drastically cut our use of fossil fuels - and the sooner the better. Humanity and most creatures will be in desperate straits before the end of this century if we do not.
 
Murrmurr said:
From what I understand, producing green fuel is really expensive, ergo, not immediately profitable.
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In our current system, everything comes down to profit. We are such a foolish species.

Imagine if instead of removing our body wastes from our immediate environment, we piled it up, untreated, in corners of our houses until the unhealthy environment killed us. Truth is, that's what we are doing right now. The environmental disasters we wreak daily on our home (planet) will be our undoing.

All in the name of profit, creature comforts and convenience.

I'm plenty guilty of the above, but I'm becoming more mindful and less wasteful, and vote "green."
 
StarSong said:
Do you have no money for groceries (so your son provides what he thinks is appropriate), or are you complaining about your son's unrealistic ideas about what things cost?
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I am just surprised how much food costs have gone up. I am also surprised by how much gluten-free foods (those that ordinarily have gluten in them) cost.
 

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