INFLATION IS OUR FRIEND

[The Motor Court Company]

robbing Peter to pay Paul...subsidize gas but the tax payers have to pay more in other ways...

The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!!

Finally someone gets me. Thank you IHO!

Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.

Don't worry, their lazy asses will get back to work as soon as the gov't cheese is spent and there's no more given out.

https://ktla.com/news/california/ne...fornians-to-help-with-record-high-gas-prices/

California looking to give people money to alleviate the recent surge in gas prices. Though it's not finalized.

OMG, what a bunch of morons...stop already with the free handouts. If they want to do something to help, cut the damn gas tax (even if temporarily) which is one of the highest in the state.  Gasoline is way cheaper in Nevada and Arizona and that's almost entirely due to taxes.

 

[morekaos]

Isn't this the same career bureaucrat that assured us just a few months ago that inflation was just "temporary"  and "transitory"?  This is the person in charge of our money supply...Does anyone in this administration know what they are doing?

Treasury secretary warns of ?very uncomfortably high? inflation for next year

Treasury Secretary Janet Yellen warned that Americans should expect to continue paying increased prices on everyday goods for the next year, offering a reversal from her previous forecast that record-high inflation would soon subside. The main culprit, she told CNBC?s ?Closing Bell? on Thursday, was Russia?s war against Ukraine. Ms. Yellen?s claim that Russian President Vladimir Putin is to blame for America?s inflation woes echoes that of the Biden administration writ large, which has received criticism for dubbing the phrase ?Putin?s price hike.? ?I think there?s a lot of uncertainty that is related to what?s going on with Russia in Ukraine,? Ms. Yellen said on the network.
https://www.washingtontimes.com/news/2022/mar/11/treasury-secretary-janet-yellen-warns-very-uncomfo/

Before she "evolved"...astonishing incompetence...

Yellen says high inflation is temporary.
Oct 25, 2021

During an interview aired on Friday?s broadcast of CNN?s ?Situation Room,? Treasury Secretary Janet Yellen said that she still thinks inflation is ?temporary, although, I don?t mean just a matter of a month or two.? And ?by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.?

Yellen said, ?I still would say it?s temporary, although, I don?t mean just a matter of a month or two. Although, monthly inflation rates are ? have substantially declined from where they were just four or five months ago. But what we?re really seeing is the impact of the COVID pandemic has severely disrupted economic activity. It?s hugely boosted spending on products, on goods and diminished spending on services. It?s created an enormous demand for semiconductors and these supplies, although they?ve increased, are ? have encountered bottlenecks and it?s really caused some inflationary increase in recent months. As people get back to work, as we defeat the pandemic, and as demand shifts back to services and as supply has a chance to adjust, I believe that price increases will normalize and we?ll see lower monthly inflation rates, I think, by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.?

 

[akula1488]

Inflation? Just look at the damn map (of Europe)
https://twitter.com/RNCResearch/status/1502301540962476032?t=864ud69fXUjAe3J98NAXKg&s=19

 

[morekaos]

...the option to override automatic detonation has expired.... ;D ;D >
https://youtu.be/jz4kXFI_VtE

 

[keilbros]

If you guys can't afford gas! Just buy an electric vehicle!
https://www.foxnews.com/media/tomi-lahren-kamala-harris-pete-buttigieg-oil-electric-cars

These guys are smoking some crack. If they can't afford $100 for a gas tank of gas, how they going to afford $40k for the base level Tesla Model 3? or even $27k for the lowest price Nissan Leaf? I guess maybe they can bike to work and lose a few pounds...

 

[nosuchreality]

F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756

Yah?she really shouldn?t have worn that short skirt?just ask?n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.

Same amount of oil being produced today as a month ago.

Same amount of oil being consumed.

Only difference is the speculators.

 

[sleepy5136]

If you guys can't afford gas! Just buy an electric vehicle!
https://www.foxnews.com/media/tomi-lahren-kamala-harris-pete-buttigieg-oil-electric-cars

These guys are smoking some crack. If they can't afford $100 for a gas tank of gas, how they going to afford $40k for the base level Tesla Model 3? or even $27k for the lowest price Nissan Leaf? I guess maybe they can bike to work and lose a few pounds...

Auto loans doesn?t require income check. Interest rates are still low.

 

[Sidehussle]

If you guys can't afford gas! Just buy an electric vehicle!
https://www.foxnews.com/media/tomi-lahren-kamala-harris-pete-buttigieg-oil-electric-cars

These guys are smoking some crack. If they can't afford $100 for a gas tank of gas, how they going to afford $40k for the base level Tesla Model 3? or even $27k for the lowest price Nissan Leaf? I guess maybe they can bike to work and lose a few pounds...

Auto loans doesn?t require income check. Interest rates are still low.

This assumes the borrower qualifies for the low rate.

 

[usctrojancpa]

Inflation? Just look at the damn map (of Europe)
https://twitter.com/RNCResearch/status/1502301540962476032?t=864ud69fXUjAe3J98NAXKg&s=19

I guess it can always we be worse and we shouldn't complain even with $6 gas as Europe is getting pounded 3 ways on oil, electric, and natural gas costs. 

 

[Kenkoko]

F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756

Yah?she really shouldn?t have worn that short skirt?just ask?n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.

Same amount of oil being produced today as a month ago.

Same amount of oil being consumed.

Only difference is the speculators.

It's unfortunate most people don't know it's the speculators gaming the oil future.

The laws of supply and demand no longer applied in the oil markets. Instead, an artificial market developed & artificial markets are extremely volatile

 

[morekaos]

R U Going To Blame Putin For Everything?....the short answer?...Yes! ;D ;D >
https://youtu.be/91uqP5r6g5k

 

[Liar Loan]

Get ready for more of the transitory stuff!!!

The World?s Biggest Commodities Markets Are Starting to Seize Up

• Buying and selling is becoming much harder as liquidity slumps
• Traders are exiting key commodities amid wild price swings

It?s getting harder to deal in some of the world?s most important commodities as everything from geopolitical turmoil to exchange snafus prompt traders to rush for the exits, rapidly draining liquidity.

Prices of materials like crude, gas, wheat and metals have become alarmingly erratic as a gulf emerges between buyers and sellers who are facing big financing strains. Markets have been roiled on fears about Russia?s invasion of Ukraine constraining commodities flows, though in many cases rallies were quickly followed by a drop in prices.

The London Metal Exchange?s embarrassing weeklong suspension of nickel trading is an example of a market grinding to a halt after extreme price moves. Liquidity is nonexistent as some dealers try to close positions amid a glitchy reopening of trade in the critical metal.

Merchants are finding it harder to snap up any cheap cargoes because of huge margin calls and credit line caps.
https://www.bloomberg.com/news/arti...-commodities-markets-are-starting-to-seize-up

 

[daedalus]

So is the stock market tanking on an inflation-adjusted basis?

 

[morekaos]

He does not have a counter argument.

Let me again speak plainly...That is not what is driving core inflation.  Tesla sales are a drop in he bucket... and etherium and NFT's are not driving it....There are systemic divers of inflation that have now been set in motion...transportation costs and wages to name a few.  It is in pretty much every category and will not be "transitory"  or "temporary"  as the current administration would like the sheep to believe... buckle up buttercup because it's coming...

Walmart Pay Hike Brings Average Hourly Wage to $16.40

https://www.bloombergquint.com/onweb/walmart-says-pay-increase-brings-average-hourly-wage-to-16-40

They will never get that back...and where do you think they will get the $$ to pay for that hike?...the very definition of inflation.

This is what happens when you artificially raise wages with a $15.00 minimum wage for flipping a burger or washing a dish...Wage is a key component of inflation itself...self inflicted wound there...That's a shark!!

California grocery workers vote on strike authorization
Thousands of southern and central California grocery workers have started voting on whether to authorize their union to call a strike against several major supermarket chains

The union said the next day that the companies' wage proposal amounted to a 60-cent increase that was ?shockingly low? and well below workers' cost-of-living needs. Employees were asking for a $5-an-hour raise, among other proposals.
https://abcnews.go.com/Health/wireS...ry-workers-vote-strike-authorization-83588920
https://youtu.be/D3PcFuLPhG4

 

[irvinebullhousing]

Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.

If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?

 

[usctrojancpa]

Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.

If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?

Traffic is horrible out there, even worse than before COVID.  I've wondered to myself sitting in traffic in the middle of the day....shouldn't these people be working either at home or the office?  What gives?

 

[nosuchreality]

Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.

If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?

Traffic is horrible out there, even worse than before COVID.  I've wondered to myself sitting in traffic in the middle of the day....shouldn't these people be working either at home or the office?  What gives?

Just got back from Phoenix.  Monday road traffic on I10 looked like a Thanksgiving weekend rush pre-pandemic.  Major notable difference was one lane was almost bumper to bumper semis in both directions the from Indio to Buckeye.

 

[CalBears96]

Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.

If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?

Traffic is horrible out there, even worse than before COVID.  I've wondered to myself sitting in traffic in the middle of the day....shouldn't these people be working either at home or the office?  What gives?

Traffic had been horrible since late last year. Traffic jam on 241 north in the evening even.

 

[morekaos]

A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

Do you believe now Trinity??


?Did you ever think you?d be paying this much for a gallon of gas?? Biden said. ?In some parts of California, they?re paying $4.50 a gallon.?
https://youtu.be/gI4UpBjdJ3s

Funerer and funerer!!... ;D ;D >

Los Angeles becomes the first US city to hit average gas price of $6 per gallon: Fuel costs continue to soar on the West Coast while they level off in the rest of the country
Gas in Los Angeles hit a record high of $6.011 per gallon on Tuesday
It is the highest recorded average gas price for a major US city, experts say
Gasoline continues to soar on the West Coast, particularly in California
However, the US average has leveled off from this month's record highs
https://www.dailymail.co.uk/news/ar...es-major-city-reach-6-average-gas-prices.html

 

[morekaos]

I often compare the position we are in to the late 1970?s and the Carter administration who was dealing with runaway inflation, a world on the brink of war, energy price spikes and an attempt to wean our economy off of oil addiction and a green new future?.watch President Carter in his July 15, 1979 speech addressing these very problems.  I encourage you to watch the whole thing but pay close attentions at 24:30 seconds.  That is the point where the ?Windfall Profits Tax?  was proposed on oil companies to pay for a ?solar Bank?.  The administration then as now was (I am sure with the best of intentions) searching for reasons for high gas prices and the energy industry was an easy punching bag.
https://youtu.be/kakFDUeoJKM

Now, watch that same government, just two weeks ago (March 8, 2022)  reach into that bowl one more time.  This time, proposing not just the same tax on the same industry but using the exact same name. 
https://youtu.be/qGd7dY6u-Zg

Two moments in time separated by almost exactly 43 years?Astonishing?who says history never repeats?  What happened after was the tax was a disatster and later repealed. (it actually cut production and raised prices more, but why learn from past mistakes?) and the country saw interest rates rise and a recession ensued?a cycle.