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Thanks Joe for Higher Gas Prices and Unemployment!

Featured Replies

I dig the EQE but I can't justify that kind of money for a vehicle honestly. I just don't drive enough. 

Just now, JohnSnowsHair said:

I dig the EQE but I can't justify that kind of money for a vehicle honestly. I just don't drive enough. 

Love the Taycan. Thinking of getting a new one. Mine is a 2020.

17 minutes ago, vikas83 said:

Love the Taycan. Thinking of getting a new one. Mine is a 2020.

Looks awesome, and I've always been partial to Porsche. 

I only drive about 7-8k miles a year though. And if I do drive a good amount it's long distance driving. How's that work out?

5 minutes ago, JohnSnowsHair said:

Looks awesome, and I've always been partial to Porsche. 

I only drive about 7-8k miles a year though. And if I do drive a good amount it's long distance driving. How's that work out?

After 3 years, I have less than 10k miles on the car. The pandemic obviously impacted that, but in general I drive less than 5,000 miles per year and basically just 20-30 miles a day. 

16 minutes ago, vikas83 said:

After 3 years, I have less than 10k miles on the car. The pandemic obviously impacted that, but in general I drive less than 5,000 miles per year and basically just 20-30 miles a day. 

yeah, well, $100k is more than a rounding error in my yearly salary so... :lol:

  • 9 months later...

I got premium for $3.89 the other day.

 

:pizza:

3 minutes ago, EaglesRocker97 said:

I got premium for $3.89 the other day.

 

:pizza:

2.94 for regular here now...seems to still be slowly dropping, no signs of it hitting 13 dollars a gallon anytime soon.

lindy booth

2 hours ago, Arthur Jackson said:

lindy booth

Lindy Booth has a 5 head

But but Biden is stopping US production 🤣

The US is producing more oil right now 'than any country in history,' S&P Global says

"Not only is the United States producing more oil than any country in history, but the amount of oil (crude oil, refined products and natural gas liquids) that it is exporting is near the total production of Saudi Arabia or Russia." Jim Burkhard, vice president and head of research for oil market, energy and mobility, said in the report on Tuesday. "When you look back on 2008 — when US production was at a 62-year low, and exports were zero — it is a remarkable turnaround."
 

https://markets.businessinsider.com/news/commodities/us-oil-production-record-brent-crude-prices-opec-russia-saudi-2023-12#:~:text=The US is now history's biggest oil producer as output,13.3 million barrels per day.

3 minutes ago, barho said:

But but Biden is stopping US production 🤣

The US is producing more oil right now 'than any country in history,' S&P Global says

"Not only is the United States producing more oil than any country in history, but the amount of oil (crude oil, refined products and natural gas liquids) that it is exporting is near the total production of Saudi Arabia or Russia." Jim Burkhard, vice president and head of research for oil market, energy and mobility, said in the report on Tuesday. "When you look back on 2008 — when US production was at a 62-year low, and exports were zero — it is a remarkable turnaround."
 

https://markets.businessinsider.com/news/commodities/us-oil-production-record-brent-crude-prices-opec-russia-saudi-2023-12#:~:text=The US is now history's biggest oil producer as output,13.3 million barrels per day.

i-did-that-joe-biden-sticker.jpg

The fact is that compared to December 2021, inflation is up nearly 10%. And, while the rate of inflation growth has fallen significantly since its high of 9.1% in June 2022, compared to January 2021, prices are up more than 17.5%.

Per Fox Business, since the start of 2021, food prices are up 33.7%, shelter costs are up 18.7%, and energy prices are up a staggering 32.8%.

To put this into perspective, the typical American household must spend "an additional $11,434” annually just to maintain the same standard of living they enjoyed in January 2021.”

"Biden’s not getting enough credit"

 

I got regular for $3.39 on Sunday.

On 1/24/2024 at 3:08 PM, jsdarkstar said:

I got regular for $3.39 on Sunday.

Metamucil?

IMF says global 'soft landing' in sight, raises 2024 economic growth outlook

The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China - the world's two largest economies - and citing faster-than-expected easing of inflation.
 
Aw man.  That sucks.  Trump was hoping for a global depression.  It's not fair.

I had $2.80 off per gallon thanks to all the points I had accumulated at Giant. I got 25 gallons, (the most I could get) for .59 per gallon. Cost me just under $15. Of course, my truck has a 32 gallon tank, so to top it off, I had to add another 4+ gallons at regular price, which came out slightly more expensive lol. Still, I filled up for about $30. Not too shabby. 

  • 2 months later...

Paid $3.89 for regular last night - still Building Back Better I see!! 

Damn Biden for making oil companies produce summer gas which causes increases every year at this time.

Why Gasoline Prices Are On The Rise

Gasoline prices are on the rise, climbing nearly $0.30/gallon since the beginning of the year. What you may not realize is that this price rise happens nearly every year. In fact, if we look back to 2000, the only time gasoline prices didn’t climb between January and May was in 2020 — when the COVID-19 pandemic collapsed oil prices.

There are two reasons this changeover generally correlates with higher gasoline prices. First, it is more expensive to produce summer gasoline. A key reason for this is butane.

Interesting how this video of the Dems DEMANDING Trump lower gas prices took place in May.  

Friday Movie That Was Different GIF - Friday Movie That Was Different Bruised GIFs

1 hour ago, mikemack8 said:

Paid $3.89 for regular last night - still Building Back Better I see!! 

I'm sorry to hear that, did you have to go without super-sizing your big mac meal? A sleepless night I'm sure because clearly it's gonna be $11 before we know it!

10 minutes ago, mikemack8 said:

Interesting how this video of the Dems DEMANDING Trump lower gas prices took place in May.  

Friday Movie That Was Different GIF - Friday Movie That Was Different Bruised GIFs

Wait, so gas prices were $3.89 in 2019 before inflation surged and they're $3.89 now?  I'm already voting for Biden, Mike, you don't have to give me another reason.

20 minutes ago, VanHammersly said:

Wait, so gas prices were $3.89 in 2019 before inflation surged and they're $3.89 now?  I'm already voting for Biden, Mike, you don't have to give me another reason.

They were $3.89 and the Dems were all queefing and blaming Trump, but now $3.89 is totally fine because Biden. 

960x0.png.d8c7681f076c6a0b1add44173abf38e3.png

 

Averages:

Joe Biden (partial term) — $3.60

Barack Obama first term — $3.12

Barack Obama second term — $2.95

George W. Bush second term — $2.77

Donald Trump — $2.57

image.thumb.png.af1a3cc1bf971a8f14c7c1c23dda729d.png

https://ycharts.com/indicators/us_median_family_income

 

Honestly I'm a bit skeptical given the jump in Jan 2023, but finance guys - how accurate is ycharts on this? 

Inflation sucks for equities, but if you hold property or are a salary earner your wages should have also gone up. 

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