Umm price drop wasn’t about drilling here, OPEC released production for a year, starting a ll while back. Took time for pricing to catch up to what was already bought higher.
Juuust sayin, baby :)
Edit: I live 15 miles from BP factory. It cost more here than 25 miles away. Which is mind-blowing gouging.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 08, 2025, 11:07:42 AM
I hope the report I read is correct. Prolonged sub $2/gal gas will eventually bring other prices down.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 08, 2025, 12:28:21 PM
I hope the report I read is correct. Prolonged sub $2/gal gas will eventually bring other prices down.
Maybe in shipping cost.
Everyone is gouging everyone. There was no 100% tariff on beef, yet here the price went up 100%.
Its a gouging banaza unleashed
Title: Re: What're you paying for Gas?
Post by: AKIron on December 08, 2025, 12:57:51 PM
$20 minimum wage drove a lot of prices up. Other factors of course but I'm not going to get political. I'm just glad to see gas prices becoming more reasonable. Electricity will likely follow.
Title: Re: What're you paying for Gas?
Post by: AKKuya on December 08, 2025, 02:18:26 PM
A rubber hose and the taste of gasoline always make gas affordable. Keep some breath mints handy.
Title: Re: What're you paying for Gas?
Post by: Banshee7 on December 08, 2025, 02:59:26 PM
Title: Re: What're you paying for Gas?
Post by: DmonSlyr on December 08, 2025, 07:46:23 PM
2.77 at BJs in Orlando. $3 - $3.15 regularly.
Title: Re: What're you paying for Gas?
Post by: icepac on December 09, 2025, 09:10:12 AM
$2.32 in Myrtle Beach.
Title: Re: What're you paying for Gas?
Post by: Kini on December 09, 2025, 09:55:34 AM
$2.89 Winston Salem
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 10, 2025, 05:46:21 PM
I wonder how fuel prices down .50 cents will bring down price of 1lb ground beef now at almost $7. 12 pack of pop/soda $10. 100% markups. Not to mention everything is high priced now
Splain this connection to me. Or is it simply deflection from food prices? How does this save an imploding economy?
Title: Re: What're you paying for Gas?
Post by: JimmyD3 on December 10, 2025, 06:27:09 PM
I wonder how fuel prices down .50 cents will bring down price of 1lb ground beef now at almost $7. 12 pack of pop/soda $10. 100% markups. Not to mention everything is high priced now
Splain this connection to me. Or is it simply deflection from food prices? How does this save an imploding economy?
Well, its better than lost Joe's economy.But fuel prices affect everything. :aok
Title: Re: What're you paying for Gas?
Post by: Eagler on December 10, 2025, 06:29:39 PM
I wonder how fuel prices down .50 cents will bring down price of 1lb ground beef now at almost $7. 12 pack of pop/soda $10. 100% markups. Not to mention everything is high priced now
Splain this connection to me. Or is it simply deflection from food prices? How does this save an imploding economy?
Decades of devaluing the dollar..with trillion dollar overspending annually by everyone in power is expediting the decline imo..
Hit it with another razor cut today..
Eagler
Title: Re: What're you paying for Gas?
Post by: AKIron on December 10, 2025, 07:27:24 PM
Oil is a big source of energy. Cut the price in half and those things dependent on that energy will be less costly. Very significantly in some cases. Isn't that obvious?
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 10, 2025, 08:36:18 PM
Well, its better than lost Joe's economy.But fuel prices affect everything. :aok
Ok lets not mention taco's 2019-2020 economy, that would really mess up a concept, but ya I get your point. But IMO, that's not enough to sway any big price change. It will get you there cheaper to still pay high is all I see. If they really wanted to make a huge advance it would be removing beef tarrifs and bringing beef down.....you don't eat gas. <shrug>
You think they will pass on shipping breaks to you when they are suffering tariff loses? MAYBE
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 10, 2025, 08:46:42 PM
Oil is a big source of energy. Cut the price in half and those things dependent on that energy will be less costly. Very significantly in some cases. Isn't that obvious?
Ok true enough, IF you cut gas in half.....but that's not where we are. Fuel will not effect tariffs on beef, aluminum (for cans) or produce. They cut tariffs on coffee and some produce weeks ago, I'm still paying 100% markup on it.
Now, if gas dropped to say $1.50,.. gitty up! But that would just be shipping. It's just not going to get there. And if it does, I'll buy everyone here dinner.
My electricity went up 20%, and no it did not come down, they don't want to lower it, they have an approved gouge going. My state literally approved the hike.
Once you jack prices up,... too much seems like a break, and they don't want to bring them down unless you stop buying it. Supply and demand dictates all.
Remember, most shipping runs on diesel, not gas. Gasoline will not turn this economy around.
Nothing more I'd like than to be wrong on these subjects. Instincts, odds, and greedy human nature snuffs that.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 10, 2025, 08:55:29 PM
Decades of devaluing the dollar..with trillion dollar overspending annually by everyone in power is expediting the decline imo..
Hit it with another razor cut today..
Eagler
Oh ya,.. that's somewhat true. But they aren't spending it on you anymore. Which is worse.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 11, 2025, 08:37:08 AM
Average national gas prices were approx $4 in 2022. They surged to over $5. I think they may drop below $2 so that's 50% of what we were paying. It may not, we'll see for sure. This affects a lot more than what you pay at the pump.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 11, 2025, 09:11:32 AM
Ok. If is a big word.
Prices were high as hell, then they came down 1.5 yrs ago. Prices on products did not, they went up, way up. Gas prices have only dropped again the last 2-3 weeks.the window between and 3 weeks after this, prices still went up snd are not dropping.
In s perfect world of honest people and no greed and no tariffs, I’d agree. But where not there either.
So we had examples of price change both ways and they only climb.
Tariffs are superseding logic, therefore to make a reasonable prediction they must be included in the equation. Not only tariffs causing issues, you have companies using it as an excuse to hit us with 100% markup, instead of 20-50%.
So as long as the demand for their products exist, despite tariffs, they ain’t budging. Even if tariffs go away, they will try to keep it high unless we stop buying.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 11, 2025, 10:03:30 AM
I'm happy to pay half at the pump even if that's the only reduction in price I see. It won't be.
Title: Re: What're you paying for Gas?
Post by: Meatwad on December 11, 2025, 11:47:15 AM
Still waiting on the 50-75% of inflation on food prices to go down
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 11, 2025, 12:43:20 PM
I'm happy to pay half at the pump even if that's the only reduction in price I see. It won't be.
Agreed, but it won’t change my life, unless I was still working and commuting. The 2017(?) “ Tax Cuts” (scam) made it so I could no longer deduct it. But since I’m not traveling much I don’t and won’t even feel it.
There are always peaks and valleys, but in economics the peaks rately return to the same valley. They just go two steps firward one step back. Once they think you’re used to it the fall doesn’t happen.
Tariffs are a funneling device, you pay, they (politicians) take. Thats like asking them to give themselves a pay cut.
We’ll see, I’d love to be wrong. It may re-rack my view of humans.
Title: Re: What're you paying for Gas?
Post by: Getback on December 11, 2025, 05:07:47 PM
Me too. I have heard as we lose more consumers (I'm putting it nicely) prices will go down for food and housing.
Housing MAY hit a bubble burst of some form. They aren’t selling (good, not everyone is a fool) and at least here its over-stock. A record high of sellers are yanking their houses off the market because they aren’t getting highly inflated prices (by the seller) for them.
Example; I was eyeing a house for barely worth 180k, needed about $10k to restore it like new. Bank appraisal was only $175k. That would put me at 15k over bank appraisal. Which means 15k out of pocket.
Looked at it again, no work done at all it was now $240k. Now its $65k over appraisal and that comes out of pocket. Absolutely NOT.
Found out, people fleeing IL not only paid 240k, but slapped down 5k over asking price just to get it.
Stupid enough to pay $70k over appraisal, insane.
The fool market ran dry, now they can’t sell anything with that gouging. Now, because of unemployment spiking and a crap economy foreclosures are starting to rise. The last thing people are doing is buying a price gouged house, they are renting at gouging prices.
Real estate people I know were advertising $1m-4m homes are now trying to sell normal houses just to make a living and failing. Or sellers now renting.
It can only flop on its face. A price reset is coming, if not worse.
And all those who bought gouging priced home will take a major loss.
Its a shame it takes a flopping economy to cause a correction.
Very low gas prices can’t save that. Its coming. Bit it would be cheaper to live in a car during winter.
Ya know why prices went up under joe and sold? Because they could barely afford it, niw they can’t even barely afford it
Title: Re: What're you paying for Gas?
Post by: AKIron on December 12, 2025, 10:32:32 AM
Just read that gas is under $2/gal in CO now. Let it fall! Woohoo!
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 12, 2025, 11:11:49 AM
Dropped to 2.49 here. However, Chicago is always $1 higher, they are $3.54. Because they tax the living hell out of it.
And we both sit right on top of BP plant between us.
Where you may see a difference is states that change blends for winter gas, usually higher.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 13, 2025, 11:12:50 AM
$2.09 nearby. We don't drive nearly as much as we used to but many will save $20-$30 a week if this continues as expected. Adds up.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 13, 2025, 11:51:03 AM
$2.09 nearby. We don't drive nearly as much as we used to but many will save $20-$30 a week if this continues as expected. Adds up.
Agreed
However, sorry to say, that savings is about to be null with other things skyrocketing. 1 step forward, 2 steps back. It all depends on how you choose to squint your eyes.
Title: Re: What're you paying for Gas?
Post by: Getback on December 13, 2025, 12:46:18 PM
I purchased 4 lbs. of butter for $9.99, 5 dozen eggs for $9.99, 5 lbs. of Hamburgers for $18.79 this week. You can check it out at BJ's Wholesale Club.
Housing prices were inflated by migrants and a long with that property taxes, food, insurance, and you name it.
Car prices went up from Covid $bucks and so did many other things.
I don't sense doom and gloom at all. In fact, finally, I won't get taxed on Social Security. I'm pretty satisfied right now. At nearly age 72 I'm doing my best ever. I pray it continues.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 13, 2025, 02:16:59 PM
I purchased 4 lbs. of butter for $9.99, 5 dozen eggs for $9.99, 5 lbs. of Hamburgers for $18.79 this week. You can check it out at BJ's Wholesale Club.
Housing prices were inflated by migrants and a long with that property taxes, food, insurance, and you name it.
Car prices went up from Covid $bucks and so did many other things.
I don't sense doom and gloom at all. In fact, finally, I won't get taxed on Social Security. I'm pretty satisfied right now. At nearly age 72 I'm doing my best ever. I pray it continues.
I turned 71 last Sept and hear ya about SS. Texas is chopping property tax with more reductions promised. Stuff's gettin' better.
Title: Re: What're you paying for Gas?
Post by: Getback on December 13, 2025, 04:14:11 PM
I turned 71 last Sept and hear ya about SS. Texas is chopping property tax with more reductions promised. Stuff's gettin' better.
That's wonderful!
Title: Re: What're you paying for Gas?
Post by: JimmyD3 on December 13, 2025, 04:44:04 PM
Yeah, AKiron is right. My School district taxes here in Garland are $0.00. Now to get the country and City taxes down. :D
Title: Re: What're you paying for Gas?
Post by: Captain Virgil Hilts on December 13, 2025, 04:53:52 PM
Stopped in Smith's Grove KY, above Bowling Green, on the way to Indy for the PRI Show, gas was $2.27,right on the Interstate.
I suspect it will take a while for prices to make any movement downward from the inflation insanity. It usually does. Diesel isn't down, as much, so fuel costs are still driving the costs of transporting goods to stay high.
Title: Re: What're you paying for Gas?
Post by: Eagler on December 13, 2025, 05:40:54 PM
Which is criminal given diesel should be less expensive than unleaded more processed gasoline..
It always was before it wasn't...
Eagler
Title: Re: What're you paying for Gas?
Post by: Captain Virgil Hilts on December 13, 2025, 05:59:55 PM
Which is criminal given diesel should be less expensive than unleaded more processed gasoline..
It always was before it wasn't...
Eagler
Yeah, the EPA got their filthy paws on diesel......
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 13, 2025, 06:23:39 PM
Texas may be able to choose to lower property tax,... the state, like IL, has a flight issue. A lot of people are leaving that state and lowerin taxes may draw some in. If not you're losing revenue.
SS deductions are capped at 6k, but from what I understand you have to itemize it and I think that would be a schedule C form. They don't just stop taking it, you fight to get it back in deductions/returms. My SS is taxed federally.
There are some misconceptions and even political talking points here,... you're just going to have to realize it on your own. Which seems to be a snail pace.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 13, 2025, 06:26:57 PM
Which is criminal given diesel should be less expensive than unleaded more processed gasoline..
It always was before it wasn't...
Eagler
Umm...big oil decides that, not EPA. They know a person who uses gas can usually stay home when it gets too high, slow down buying it. A trucker who uses diesel needs it every day no matter what...can't, so they gouge them and they will get it every day. No matter what.
Title: Re: What're you paying for Gas?
Post by: RUSH1 on December 13, 2025, 10:02:11 PM
Umm...big oil decides that, not EPA. They know a person who uses gas can usually stay home when it gets too high, slow down buying it. A trucker who uses diesel needs it every day no matter what...can't, so they gouge them and they will get it every day. No matter what.
Hmm, or ...
Why Did Diesel Surpass Gas?
The shift from diesel to gas prices has been attributed to a combination of factors. These include higher taxation on diesel, increased demand for diesel components in marine fuel production, and geopolitical events affecting global supply. The U.S. government imposes higher taxes on diesel compared to regular gasoline, with a tax of 24.3 cents per gallon for diesel and 18.3 cents per gallon for gasoline. Additionally, the demand for diesel components in marine fuel production has driven up prices. In 2020, the International Maritime Organization implemented stricter fuel regulations for ships, leading to the production of a new fuel called very low sulfur fuel oil (VLSFO). The distillate molecules used to make VLSFO are also used in diesel production, diverting some of the components that would have been used for diesel and contributing to the rise in diesel prices. Furthermore, geopolitical events, such as Russia's invasion of Ukraine in February 2022, played a role.
elanfuels.com
Title: Re: What're you paying for Gas?
Post by: Eagler on December 14, 2025, 09:03:34 AM
Texas may be able to choose to lower property tax,... the state, like IL, has a flight issue. A lot of people are leaving that state and lowerin taxes may draw some in. If not you're losing revenue.
SS deductions are capped at 6k, but from what I understand you have to itemize it and I think that would be a schedule C form. They don't just stop taking it, you fight to get it back in deductions/returms. My SS is taxed federally.
There are some misconceptions and even political talking points here,... you're just going to have to realize it on your own. Which seems to be a snail pace.
Wrong again..
The new SS deduction does not need the filer to itemize..
Why are you trying to insert political speak in a thread again..
Eagler
Title: Re: What're you paying for Gas?
Post by: AKIron on December 14, 2025, 09:27:24 AM
Deduction for Seniors New deduction: Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law. The $6,000 senior deduction is per eligible individual (i.e., $12,000 total for a married couple where both spouses qualify). Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers). Qualifying taxpayers: To qualify for the additional deduction, a taxpayer must attain age 65 on or before the last day of the taxable year. Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers. Taxpayers must: include the Social Security Number of the qualifying individual(s) on the return, and file jointly if married, to claim the deduction.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 14, 2025, 09:32:30 AM
That is effective for this tax year. Next year you will also be able to deduct up to $1,000 per person for charity contributions without itemizing. It's better than a sharp stick in the eye, or higher taxes.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 14, 2025, 09:37:01 AM
The new SS deduction does not need the filer to itemize..
Why are you trying to insert political speak in a thread again..
Eagler
Excuse me? It depends on the individuals situation of what yields a higher return. No you don’t have to but you MAY lose some if you don’t, depending on joint income. I’m not 100% right nor 100% wrong.
I will not take a lecture on political post from someone who has had 40-50 threads locked on political rules. You have zero leg to stand on.
I have NOT injected politics. It was done upstream by JimmyD mentioning “Joe’s” failed economy. Since the reply it has been quite civil. The rest of the thread is calm discussion of the facts no matter who imposed them.
You are the last one in this community to lecture about political post, hands down.
Also in my disclaimer of sorts I mentioned several times “I’d love to be wrong”, which means I am willing to accept it. If I am wrong I am happy to own it. You can go until it gets locked in full denial never owning being wrong. You just start a new thread with a suggestive approach to recycle it.
Now the thread is political and soon to be locked.
You are normally a decent guy, but your power of suggestion attempts to mask obviously political threads is well beyond anyone else. So please spare me your fake concern about destructive political threads or replies. if you can’t handle facts don’t start the fires. You start a lot of fires, one after another.
Geez Eagler, lighten up, you come off as a hypocrite
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 14, 2025, 09:45:11 AM
The thread starter is not complaining nor being rude. We are just trying to figure things out, the way we each understand. It was sold as solving all economic issues.
Title: Re: What're you paying for Gas?
Post by: Eagler on December 14, 2025, 11:16:00 AM
You are still doing it lol...I know for the reasons you stated above :banana: :banana: :banana:
And you are 100% wrong as you stated they had to itemize to claim the 6k ..no schedule C required..
Looking forward to removing 12k from my taxable from being pissed away on the latest stupidity.. being retired we don't pull in past the max..
Eagler
Title: Re: What're you paying for Gas?
Post by: Shuffler on December 15, 2025, 11:29:25 AM
Diesel is cheaper to process than gasoline. They keep diesel high to pay for making gasoline. Everyone who buys any product pays for that... even folks who pump gas.
Title: Re: What're you paying for Gas?
Post by: RUSH1 on December 15, 2025, 12:59:58 PM
Title: Re: What're you paying for Gas?
Post by: nopoop on December 15, 2025, 01:33:39 PM
Unfortunetly Nevada gets gas from Govenor hair gel...
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 15, 2025, 02:17:59 PM
When ya have nothing use your canned go-to insults
Lets talk about weirdo hair of those in charge. Chronic projection there. The weakest hypocrisy to sustain denial, saving face.
Things are worse now than before and some praise it? Same people called chinese lanterns a clear invasion.
No sharp objects for you.
Big oil should have their own TX religion
Title: Re: What're you paying for Gas?
Post by: JimmyD3 on December 15, 2025, 02:26:39 PM
Gas $2.11 this morning in Garland.
Title: Re: What're you paying for Gas?
Post by: Meatwad on December 15, 2025, 03:05:57 PM
Cant even discuss gas without a certain somebody flying off the handle again. Good thing for the ignore list.
Title: Re: What're you paying for Gas?
Post by: Eviscerate on December 15, 2025, 03:31:06 PM
Why are you trying to insert political speak in a thread again..
To be fair, the whole premise of the thread is political in nature. It's one of the same people who walks the fine line of politics to get a rise out of people. See: a troll.
If the OP genuinely wants to know what various prices are, they can look at a map and get the current average gas price for any particular area in the entire country along with exact prices at specific stations. No need to post just to get anecdotal information from 10 people on the internet.
Title: Re: What're you paying for Gas?
Post by: RUSH1 on December 15, 2025, 05:34:57 PM
To be fair, the whole premise of the thread is political in nature. It's one of the same people who walks the fine line of politics to get a rise out of people. See: a troll.
If the OP genuinely wants to know what various prices are, they can look at a map and get the current average gas price for any particular area in the entire country along with exact prices at specific stations. No need to post just to get anecdotal information from 10 people on the internet.
Except that often times the reasons for gas prices being what they are, are far from "anecdotal" and worthy discussion.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 15, 2025, 08:19:34 PM
To be fair, the whole premise of the thread is political in nature. It's one of the same people who walks the fine line of politics to get a rise out of people. See: a troll.
If the OP genuinely wants to know what various prices are, they can look at a map and get the current average gas price for any particular area in the entire country along with exact prices at specific stations. No need to post just to get anecdotal information from 10 people on the internet.
As the OP you have invoked I would advise you kindly that there is nothing on this board that cannot be gleaned elsewhere. Gas prices and other things going down is a good thing. Do you not like conversing about our improving situation? If not then I invite you to refrain from participation.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 15, 2025, 08:22:52 PM
How many music video posts do we have here? Hundreds. Are they not all easily found on youtube by anyone here?
Title: Re: What're you paying for Gas?
Post by: AKIron on December 15, 2025, 08:28:01 PM
If the decline in high prices makes you unhappy because of your politics then I suggest you get new politics.
Title: Re: What're you paying for Gas?
Post by: RUSH1 on December 15, 2025, 08:39:37 PM
As the OP you have invoked I would advise you kindly that there is nothing on this board that cannot be gleaned elsewhere. Gas prices and other things going down is a good thing. Do you not like conversing about our improving situation? If not then I invite you to refrain from participation.
If the decline in high prices makes you unhappy because of your politics then I suggest you get new politics.
I agree with that sentiment, but lower prices aren't always a good thing.
Prices will drop in a deflationary spiral in a Depression. I'd call that a Pyric Victory.
I'll tell you this: the Fed has much worse nightmares about deflationary spirals than inflationary spirals. They have some powerful tools against inflation. They are almost powerless against deflation. At least in this country. Negative interest rates are generally considered illegal here.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 09:49:41 AM
Government spending, or over spending, is the primary driver of inflation. If we can control that inflation will slow. There are some prices that skyrocketed recently ($5/doz eggs) and those falling back to normal levels is not a protent of depression.
Title: Re: What're you paying for Gas?
Post by: Meatwad on December 16, 2025, 10:24:25 AM
Egg prices went sky high over paranoia to the bird flu
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 11:18:05 AM
Government spending, or over spending, is the primary driver of inflation. If we can control that inflation will slow. There are some prices that skyrocketed recently ($5/doz eggs) and those falling back to normal levels is not a protent of depression.
I didn't say the current prices are a potent of a depression, just that lower prices doesn't always indicate a enjoyable outcome.
Gov spending is one factor but not the only one.
Quote
What actually causes inflation (at a high level) Inflation happens when aggregate demand persistently exceeds aggregate supply or when production costs rise broadly. The main drivers fall into four buckets: Monetary conditions (money & credit) Supply-side constraints Demand shocks (public and private) Expectations & feedback loops Government spending lives in bucket #3 — important, but not dominant on its own.
Friedman always believe inflation was primarily a Monetary phenomena and not gov fiscal spending though many factors contribute.
For instance the German hyper-inflation was not caused by excessive gov spending, it was from losing workers and production capacity. (i.e. Supply Shock).
The recent inflation was cause by 20 years of deranged loose money supply. Started under Greenspan. Exploded during GFC bailouts and later COVID checks. Soon to be exacerbated further with Tariff Checks.
Too much free money chasing a limit supply of goods that also was already suffering a supply shock due to COVID disruptions. The egg thing was a bird flu phenomena (i.e. Supply Shock).
Title: Re: What're you paying for Gas?
Post by: Eagler on December 16, 2025, 11:29:21 AM
$2.80 using Mobile smartcard..more for other credit or cash..
Eagler
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 11:42:32 AM
Other things went up besides eggs.
Look at the 10 year history.
https://tradingeconomics.com/commodity/beef
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 11:53:38 AM
Eggs went up more than the average because of the bird flu.
Other things went up for the reason I specified. Mainly 20 years of loose monetary policy, starting with Greenspan, culminating in COVID checks and soon Tariffs checks.
You could call the COVID and Tariffs checks gov spending if you want. But if the recipients banked it instead of going out and spending it then there would have been no inflationary pressure. So it was the consumer spending that caused the inflation.
It was probably justified at the time, but the Fed should have been raising interest rates to compensate as soon as things opened back up. They waited too long and acted too timidly. COVOID response was a MASSIVE free money response on multiple levels. That was going to have an effect.
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 12:00:47 PM
Let me put it this way...
If the Fed put rates at 0% and kept them there we would get hyper inflation eventually regardless of Gov spending.
Even if the Gov stopped all spending 100% it couldn't over come 0% interest rates.
Therefore Gov spending doesn't "Cause" inflation. At least not on its own.
In fact a strong argument is that ultimately it is Monetary policy. Monetary policy makes t politically easier to spend when rates are low because Gov borrowing becomes cheap.
Title: Re: What're you paying for Gas?
Post by: Eagler on December 16, 2025, 12:05:58 PM
Who wants to buy our debt at low interest rates...
Eagler
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 12:10:41 PM
I'm standing firm on this. The increase in printed money which the government spends is the primary driver of inflation here. It also creates a debt which will come due.
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 12:35:28 PM
I'm standing firm on this. The increase in printed money which the government spends is the primary driver of inflation here. It also creates a debt which will come due.
Shrug. People stand firm on believing in crop circles and that Elvis is still alive. ;)
I'm standing firm on the idea that inflation\deflation is cause by a mismatch between supply and demand that can be cause by a number of factors but is probably most effected by Monetary Policy.
Government spending is only ≈ 60–75% of consumer spending. By far the consumer spending or not spending drives inflation and Fed can influence that by making their CC and home loans more or less expensive.
Gov can hand out free checks, but it is the consumer spending those checks (which they will reliably do, the Fed knows it) that drives the inflation.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 12:44:03 PM
I consider any money that moves through the government to be government spending. The single biggest expense, Social Security, is a mixed bag. Retirement benefits are different from welfare though both are managed by the same org.
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 16, 2025, 12:44:05 PM
Shrug. People stand firm on believing in crop circles and that Elvis is still alive. ;)
I'm standing firm on the idea that inflation\deflation is cause by a mismatch between supply and demand that can be cause by a number of factors but is probably most effected by Monetary Policy.
Government spending is only ≈ 60–75% of consumer spending. By far the consumer spending or not spending drives inflation and Fed can influence that by making their CC and home loans more or less expensive.
Gov can hand out free checks, but it is the consumer spending those checks (which they will reliably do, the Fed knows it) that drives the inflation.
Fact^*
People who understand the least talk the most, then repeat endlessly as if that makes it come true. I wouldn’t allow them to run a hotdog stand on two wheels.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 12:57:55 PM
People who understand the least talk the most, then repeat endlessly as if that makes it come true. I wouldn’t allow them to run a hotdog stand on two wheels.
Just so you can see who agrees with you Trips.
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 12:59:51 PM
I consider any money that moves through the government to be government spending. The single biggest expense, Social Security, is a mixed bag. Retirement benefits are different from welfare though both are managed by the same org.
To be clear, I'm not promoting profligate gov spending on dumb stuff.
If the Gov wants to repair roads, bridges, airports and ports, I'm all for it. I will even be OK with debt on that because I believe it will be a net economic benefit.
I'm OK with a strong military but I am beginning to question whether we need to spend more than the next NINE of our peers COMBINED. That seems excessive. The Soviet Union is gone and China and Russia aren't even pale comparisons. I think we can stop building B2 and B2 after B2 after B2 just to mothball them in hangars.
When you get that under control, I'd be willing to start discussing SS.
But all that is less that the effect of consumer spending. ;)
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 01:01:17 PM
Well Nobel Prize winner Milton Friedman agrees with me too.
I guess you can't win them all. ;)
Title: Re: What're you paying for Gas?
Post by: Animl-AW on December 16, 2025, 01:05:54 PM
When healthcare goes up and food prices don’t drop and mortgage and rent rockets, the last thing they will think about is gas prices.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 01:08:31 PM
The overall principal is simple. The more dollars you add to a system with a fixed amount of goods the less each dollar is worth. The government prints those dollars and adds them to the system. Inflation.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 01:10:54 PM
Socialized medicine was always the plan. I may get a politics ding for that so will not elaborate or argue the point. The details should be obvious though.
Title: Re: What're you paying for Gas?
Post by: icepac on December 16, 2025, 01:49:54 PM
If you track the price of gasoline since 1973 to now, you will figure out that it’s pricing did not keep up with inflation.
It could be far worse.
Gas legal to sell in california will be in short supply because two refineries that make the california formulation are closing.
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 02:07:23 PM
The overall principal is simple. The more dollars you add to a system with a fixed amount of goods the less each dollar is worth. The government prints those dollars and adds them to the system. Inflation.
Or the more you vary supply with fixed amount of dollars. Or even just psychological sentiment to want to spend. That's the expectations factor mentioned.
If people believe higher inflation is coming they will tend to want to spend now before the prices increase. If you are needing a house and you expect the house prices to continue inflating, then the pressure is to hurry up and buy before it gets more expensive. It becomes ironically self-re-enforcing.
Same with deflaltion. If you expect housing t drop in price the incentive is to wait as long as possible because it is always getting cheaper. Which means house have to get cheap to move. Self-fulfilling.
The self-re-enforcing nature is why they are called spirals. Once they get momentum it is the Devil to stop.
I believe we will soon get a object lesson in this behavior.
I'm just not sure which way it is going to go. ;)
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 02:45:43 PM
So long as we agree that there is a direct connection between goods and monies wherein a change in one affects the value of the other the rest is minutia. With that out of the way I think you should agree that a government putting more money into the system than it receives (incurring debt) is reducing a dollars purchase power.
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 03:12:02 PM
So long as we agree that there is a direct connection between goods and monies wherein a change in one affects the value of the other the rest is minutia.
I will agree there are things that affect things and other things can accelerate or retard that in various proportions under various conditions. ;)
That is what I believe and I'm taking a firm stance!
With that out of the way I think you should agree that a government putting more money into the system than it receives (incurring debt) is reducing a dollars purchase power.
Quote
Short answer: **the statement is incomplete and, as written, not necessarily true.** A more precise answer requires separating **deficits**, **money creation**, and **inflation mechanics**. --- ## What the statement gets *partly* right If a government **finances its deficit by creating new money** (directly or indirectly via the central bank), then—**all else equal**—that *does* tend to reduce the purchasing power of the currency over time.
This is the core insight behind the classic quantity theory idea: > Too much money chasing too few goods → higher prices.
Historically, extreme cases (Weimar Germany, Zimbabwe, Venezuela) fit this pattern. So the intuition is **directionally correct**, but the wording collapses several distinct mechanisms into one. ---
## Where the statement goes wrong > “A government putting more money into the system than it receives (incurring debt)…” This conflates **deficit spending** with **money creation**.
### What actually happens in most modern economies When the government runs a deficit:
1. It **issues bonds** 2. Those bonds are bought by: * Households * Pension funds * Banks * Foreign investors 3. Existing money is **reallocated**, not newly created
In that case: * **No new net money** enters the system * Purchasing power is **not mechanically reduced**
Inflation is not guaranteed. --- ## When deficits *do* reduce purchasing power Deficits tend to be inflationary **only if one or more of the following are true**:
### 1. Monetization of debt * Central bank creates new base money to buy government debt * This expands the money supply directly
### 2. Economy is at or near capacity * No spare labor or productive slack * New spending competes for limited goods/services
### 3. Persistent deficits outpace real growth * Money supply grows faster than output * Prices adjust upward over time
### 4. Loss of confidence * Currency holders expect future inflation * Velocity of money increases (people spend faster)
---
## When deficits do *not* reduce purchasing power Deficits can be **non-inflationary or even disinflationary** when: * There is unused capacity (recessions) * Spending funds productive investment (infrastructure, productivity) * Deficits replace collapsed private demand * Debt is financed by real savings * Central bank maintains tight monetary policy
The U.S. ran large deficits: * During WWII → **price controls + rationing prevented inflation** * Post-2008 → **low inflation despite massive deficits** * 2020–2021 → inflation only surged **after** supply constraints + stimulus overlapped
--- ## A more accurate version of the statement If the goal is correctness rather than rhetoric, this would be much closer: > “Government deficits can reduce a dollar’s purchasing power **when they are financed by money creation or when total spending exceeds the economy’s productive capacity**, but deficits alone do not automatically cause inflation.” ---
## Bottom line * ❌ **False as a blanket statement** * ✅ **Conditionally true under specific monetary and real-economy conditions** * 🔑 The decisive factor is **
Don't worry.
By this time next year, no one will be arguing about inflation.
Title: Re: What're you paying for Gas?
Post by: AKIron on December 16, 2025, 03:24:06 PM
This time next year will be much the same as now. Prices won't increase but wages may as they have some catching up to do with recent surges in inflation. Only time will tell.
Assuming AI doesn't kill us all of course.
Title: Re: What're you paying for Gas?
Post by: CptTrips on December 16, 2025, 03:26:30 PM
This time next year will be much the same as now. Prices won't increase but wages may as they have some catching up to do with recent surges in inflation. Only time will tell.
Assuming AI doesn't kill us all of course.
Well, my outlook is gloomier, but my avatar is the slang for a disease that kill 98% of the human population. What do you expect?
:cool:
Title: Re: What're you paying for Gas?
Post by: Shuffler on December 16, 2025, 04:01:40 PM
If you track the price of gasoline since 1973 to now, you will figure out that it’s pricing did not keep up with inflation.
It could be far worse.
Gas legal to sell in california will be in short supply because two refineries that make the california formulation are closing.
I found it funny that two refineries that make california grade fuel that are not in the US.... one is in India. California imports quite a bit and will be importing more. California harps on pollution. India is a huge polluter and takes a lot of our plastics trash and just burns it in the fields. So you could say California is supporting heavy pollution. ROTFLMAO
Title: Re: What're you paying for Gas?
Post by: Captain Virgil Hilts on December 16, 2025, 06:09:53 PM
I found it funny that two refineries that make california grade fuel that are not in the US.... one is in India. California imports quite a bit and will be importing more. California harps on pollution. India is a huge polluter and takes a lot of our plastics trash and just burns it in the fields. So you could say California is supporting heavy pollution. ROTFLMAO
Some are ok with others doing their polluting for them..as long as they can reap those benefits while saying how green they are...
Same bs with every battery in every EV and everything else that is rechargeable...
Eagler
Eagler
Title: Re: What're you paying for Gas?
Post by: AKIron on December 17, 2025, 08:11:31 AM
I expect we'll see a surge in oil prices for a bit with the crackdown on sanctions currently underway. Probably won't last long.