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Good news I guess. But my electricity price literally doubled. My house insurance is up 30%. My gas bill is up by a lot. Have you seen the price of oreos? The $5 box at Taco Bell is my splurge and I'm trying to cut back on everything I can.
What a shocker - drastic increases in the price of energy result in inflation, energy price goes down, inflation also begins to go down.
It’s almost like there’s some relationship between supply, demand, and price. It’s ok I’m sure google is working on an AI model to establish that.
Why are the lifeblood of the species constrained on demand and flowing freely when they look away?
It certainly is convenient for you to believe the masses have to accept austerity in deference to normal humans who repeat these handy phrases and point to any old phenomena they control, assigning an immutable key-value pair to your memory.
“Gather ‘round, children; it’s time to recite the spoken traditions! Austerity is for the poor. Authority is for the rich.”
We could see this as stochastic terrorism; there’s no need to give the powers that be a free pass when it’s clear their power is built on reciting politically correct “truth” not serving the species and public.
Lucking into wealth does not place someones biology on another plane of cognition, or imbue magical powers of insight.
Edit: rest assured in proper social tradition I am indifferent to the literal state of anyone else. If some avoidable calamity should impact you or I have am in a position to empower myself at your expense, I am all in. Just optimizing for myself, in-line with the politically correct chants; Powell said there will be pain to people, not him of course but others. I’m just following the leader too.
It's a relief to see actual price drops in fuel and transport services hit before the end of the Summer travel season. Barring additional oil disruption, we can hope to see other prices (e.g. food) correct -- or at least stop growing so fast -- at a lag.
Energy prices down 4.6% Gasoline prices down 7.7% Food prices up 1.1% Shelter prices up 0.5% So the minor overall reduction was by far gasoline.
Earlier quoted context omitted.
A Sausage McMuffin and a coke used to cost $2.12 at most locations near me two years ago. Today it varies from $2.95 up to $3.85 (strangely this high value is in Detroit proper where income is lowest vs the burbs). I notice this price varies even at the same locations sometimes, but it's WAY up in general by a solid 50 percent in 2 years.
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https://www.mass.gov/info-details/massachusetts-home-heating... Heating oil (diesel) is still 70% higher than last year. I'm about to delete the oil heat, so have been watching this.. I will certainly be annoyed if it crashes back to the $2s next week (right after the conversion..) https://www.eia.gov/dnav/ng/hist/n3010ma3m.htm https://fred.stlouisfed.org/series/APUS11A72610 BTW, this site allows you to compare the d…
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This is not Turkey, where they had to use all sorts of proxy measures to figure out the government was lying (and by how much).
https://www.mass.gov/info-details/massachusetts-home-heating... Heating oil (diesel) is still 70% higher than last year. I'm about to delete the oil heat, so have been watching this.. I will certainly be annoyed if it crashes back to the $2s next week (right after the conversion..) https://www.eia.gov/dnav/ng/hist/n3010ma3m.htm https://fred.stlouisfed.org/series/APUS11A72610 BTW, this site allows you to compare the d…