Lizard Queen
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Post by Lizard Queen on Mar 3, 2022 17:15:15 GMT -5
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Tiny
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Post by Tiny on Mar 3, 2022 18:23:30 GMT -5
And thanks to trump's tax cuts I suspect they get to line their pockets with even more of that profit. No wonder there are so many trumpers..... he gave them the gift that keeps on giving....
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teen persuasion
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Post by teen persuasion on Mar 3, 2022 23:14:32 GMT -5
Gas is getting nuts. Jumped $.20 yesterday, followed by another $.10 today!
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countrygirl2
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Post by countrygirl2 on Mar 4, 2022 0:56:55 GMT -5
I don't go far or often so not hurting me. Hubs drives to where his mom is more than anyplace. But we are fine. We don't have debt, don't have to drive to work or deal with small kids. I feel so sorry for working people, like hubs says some making $10 an hour, can hardly afford to even drive to work. I can understand why people are so frustrated. I'm thankful we are in the shape we are.
We have always been able to make it through anything just fine because we were always prepared. People used to say, you just worry about everything. No, I just planned to make sure we were ok and tried to think of all contingencies, sure paid off for us.
And so far this insurance plan is doing well in reducing costs. Soon as I finally get the one drug straightened out, its a vast improvement in reducing costs.
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Lizard Queen
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Post by Lizard Queen on Mar 4, 2022 8:29:41 GMT -5
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Deleted
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Post by Deleted on Mar 4, 2022 9:28:15 GMT -5
Inflation is everywhere, and I disagree that prices are going to come back down. Sure, housing and fuel and some groceries are cyclical. But Amazon and Costco have raised their prices. Hulu went up. Cars are selling at or above MSRPs. Used car prices are up. Procter and Gamble have announced price increases. I am not being Chicken Little. Wages are rising, which means prices of products have to increase to balance that out. I agree- I've always said that wage increases don't happen in a vacuum. The prices of goods and services have to go up to compensate. What concerns me is how much of the increases actually get into the pockets of the average worker compared to the CEO, and the fact that these increases tend to "stick" even after some of the temporary reasons for the increase go away- the impact of 9/11, the financial crisis, COVID, increased gas prices (which increases the costs of getting goods where they need to be), a natural disaster affecting particular crops. They always have good reasons for the increases but when the effects of some of these factors diminish, the prices don't come back down again.
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jerseygirl
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Inflation
Mar 4, 2022 9:47:44 GMT -5
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Post by jerseygirl on Mar 4, 2022 9:47:44 GMT -5
Filled our oil tank in the fall. It was $2.97 gallon but today it’s $4.96 . For 300 gallons of heating oil it’s going to be about $1500 with either check or cash today. If you pay after billing the cost per gallon is about 0.10 more. We can afford this but a family with kids etc would have a hard time with this cost but people need to heat the house. Temperature here in north NJ this morning was 19 And the effects from Russian war not really hitting us yet. We looked into heat pump - electric- but wouldn’t be enough on cold days, still would need a backup furnace. The idea that solar and wind can replace oil and gas is still a far off possibility
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Ava
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Post by Ava on Mar 4, 2022 10:05:49 GMT -5
I have to admit I'm a little worried about inflation. So far, I cannot say it's affected me too much. I'm working remotely for the foreseeable future. I feel very sorry for all those that have to drive to work and don't make that much.
But the cost of everything is going up, not just gas for the car. Buying or renting a home, healthcare, education, food, heating costs. These are necessities, not wants. It's a horrible trend and I don't like where this is going. How are we regular people going to afford all this?
I personally didn't get a huge raise this year; I got 3% which is lower than inflation. Maybe if I had changed jobs I would get a higher raise. Gas is not a problem because I drive very few miles compared to when I was going to the office 5 days a week. I've been at my condo with a fixed mortgage for 15 years. My monthly payment has barely changed during that time. If I were to move, my housing costs will more than double.'
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Deleted
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Post by Deleted on Mar 4, 2022 10:07:14 GMT -5
Filled our oil tank in the fall. It was $2.97 gallon but today it’s $4.96 . For 300 gallons of heating oil it’s going to be about $1500 with either check or cash today. If you pay after billing the cost per gallon is about 0.10 more. We can afford this but a family with kids etc. would have a hard time with this cost but people need to heat the house. Oh, I don't miss oil heat. I owned a 2-family in Pompton Lakes with a friend in the early 1980s. It had TWO tanks, 500 gallons each.
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Opti
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Post by Opti on Mar 4, 2022 10:07:52 GMT -5
Car prices above MSRP will come down once the supply goes up. Not sure about dealers, but manufacturers would rather sell more cars than let dealers price in a premium. I've seen cars above sticker before, usually not most of them, but this too will pass. I clicked on an ad and discovered a nearby dealer was doing a market adjust of $2K on a $30K vehicle. Not in my price range now, so it doesn't matter, but they are advertising cars in the manufacturing pipeline. I think that's unusual, but I haven't seriously looked in two decades.
I know when my prior car got taken out by a deer, I was offered the ability to customize a car in the pipeline for that particular dealer. Could not change the model, but I was allowed to tweak it. I think car prices will go down in 2023, certainly no later than 2024. I'd prefer not to make my vehicle limp along for a couple more years, but I don't have the funds to buy even low end used now, so who knows, maybe I'll be a recipient of dropping car prices in the future.
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Opti
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Post by Opti on Mar 4, 2022 10:14:50 GMT -5
I have to admit I'm a little worried about inflation. So far, I cannot say it's affected me too much. I'm working remotely for the foreseeable future. I feel very sorry for all those that have to drive to work and don't make that much. But the cost of everything is going up, not just gas for the car. Buying or renting a home, healthcare, education, food, heating costs. These are necessities, not wants. It's a horrible trend and I don't like where this is going. How are we regular people going to afford all this? I personally didn't get a huge raise this year; I got 3% which is lower than inflation. Maybe if I had changed jobs I would get a higher raise. Gas is not a problem because I drive very few miles compared to when I was going to the office 5 days a week. I've been at my condo with a fixed mortgage for 15 years. My monthly payment has barely changed during that time. If I were to move, my housing costs will more than double.' Rent and housing prices went crazy. I think it was all the WFH people who upgraded that inspired landlords to raise prices and take advantage of the wave. In my area there always seems to be more luxury apartments being built so existing complex owners want a piece of that pie. Affordable housing being built is few, far between, and often gone in days. It would take a serious housing crash for some to lower their rental prices. I don't see it happening in my area as a neighboring town there has construction going on now for a year or two. Eventually I think they will dwarf my town but remains to be seen when that happens. I hate road construction, so I don't drive too far down that way because the road rework is confusing to me. All sorts of building from retail to commercial to housing.
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Ava
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Post by Ava on Mar 4, 2022 10:22:00 GMT -5
Yes, housing is crazy right now. I find it scary. How are the regular Joes and Janes going to afford this? Cost of living keeps increasing, and for all the talk about employees getting higher raises, salaries and wages are not that high compared to the price of necessities.
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daisylu
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Post by daisylu on Mar 4, 2022 11:14:31 GMT -5
I was shocked when I saw gas at $3.79 this morning. Wednesday evening I paid $3.39.
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wvugurl26
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Post by wvugurl26 on Mar 4, 2022 11:18:12 GMT -5
Someone local posted on Facebook that gas jumped overnight. I hadn't been out in a few days and was shocked to see $3.95 this morning when I went out to get my oil changed. We are leaving town this afternoon for the weekend. The warehouse club BJs hadn't raised prices yet so I paid $3.55. I was down to half a tank which won't get us to our destination. I had to wait maybe 4 minutes tops but 40 cents a gallon is a huge difference.
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Opti
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Post by Opti on Mar 4, 2022 11:25:15 GMT -5
Yes, housing is crazy right now. I find it scary. How are the regular Joes and Janes going to afford this? Cost of living keeps increasing, and for all the talk about employees getting higher raises, salaries and wages are not that high compared to the price of necessities. IDK. I thought my rent increase of 8% was crazy, but I watched some eviction videos earlier this year. One guy in Florida got his rent jacked by 60%. He barely packed everything up before they were to evict him. Looks like you have a very small window to remove stuff once they come. Two hours max from what I saw, and much less than that depending on how many evictions the person doing them has to do that day. I feel for people who wait to get evicted, because they are going to be living in their vehicle once they are forced out. Very sad.
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Opti
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Post by Opti on Mar 4, 2022 11:30:08 GMT -5
I paid $4.09/gallon for premium on Monday. Its recommended I use unleaded gas at least 89 octane. I have heard of some people putting in regular, but it can be a great way to degrade your car's performance without noticing it. Probably get more deposits too on spark plugs and what not, but IDK actually. I hedge my bets, because my vehicle is old and doesn't travel far generally in any one trip.
That was the higher priced station, but I'm sure profiteering is occurring at most stations right now because of the invasion into Ukraine. That station used to do a discount on premium Mondays and Fridays, but I think they dropped it for now. Maybe I should top off the tank before the weekend, but stations usually raise their prices already on Fridays for whatever upcoming weekend.
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laterbloomer
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Post by laterbloomer on Mar 4, 2022 11:55:11 GMT -5
I paid $1.86/l yesterday. Doing all the conversions that's about $6/gallon. I don't want to talk about it! 😡
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buystoys
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Post by buystoys on Mar 4, 2022 12:25:46 GMT -5
Yes, housing is crazy right now. I find it scary. How are the regular Joes and Janes going to afford this? Cost of living keeps increasing, and for all the talk about employees getting higher raises, salaries and wages are not that high compared to the price of necessities. They'll afford it by giving up other things. Just like we did in the 70's and 80's. Remember, too, that unemployment was rampant at that time. There would be lines around the block where people were applying for the few open positions. Inflation hasn't broken a record yet. Let's just cross our fingers that it doesn't.
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giramomma
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Post by giramomma on Mar 4, 2022 12:34:02 GMT -5
I noticed that gas jumped up a a fair amount the past two days. I filled my car up all the way on Tuesday. I should be good for a month or so.
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cooper88
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Post by cooper88 on Mar 4, 2022 13:19:46 GMT -5
I just filled up and had sticker shock. They want us back in the office in two weeks. I am not happy about that for many reasons, but the gas increase is a big one.
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Deleted
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Post by Deleted on Mar 4, 2022 14:10:55 GMT -5
Yes, housing is crazy right now. I find it scary. How are the regular Joes and Janes going to afford this? I'm seeing a lot of unpaid daycare by grandparents (mostly grandmothers). It takes two incomes to pay the mortgage and daycare would take too big a chunk out of that. I worked FT outside the home after DS was born because I liked my career and I wanted to (and the money helped) but I feel really bad for couples who would like to have a SAH parent and they can't afford it. And, of course, it's a challenge to be a single-income household (which includes the unattached) competing in a seller's market. Car prices above MSRP will come down once the supply goes up. Not sure about dealers, but manufacturers would rather sell more cars than let dealers price in a premium. I've seen cars above sticker before, usually not most of them, but this too will pass. Or will the manufacturers jack up that price a bit knowing that people are willing to pay over sticker price? Granted, some of the current buyers are desperate because their car was totaled or it needs repairs that aren't cost-effective, but I'll bet that right now the auto manufacturers have some high-priced economists constructing demand curves.
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Deleted
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Post by Deleted on Mar 4, 2022 14:20:00 GMT -5
I paid $42 to fill the Wrangler up yesterday, and it already had a quarter tank of gas! I can only go back and forth to work 4 days on a full tank of gas.
I think my car has 1/2 tank of gas. It’s been a few weeks since I filled it up. I will be driving it to work this weekend.
As much as I enjoy driving the Jeep, I’m grateful I have the option to drive something else that’s more fuel efficient.
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Deleted
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Post by Deleted on Mar 4, 2022 14:24:02 GMT -5
I still enjoy driving my car too, as long as it’s not raining. I just don’t like squeezing it back into the garage. Our garage is small and our cars just barely fit. It’s a little stressful parking my car just right without running into/over something. I guess if I keep having to do it regularly, I’ll get use to it lol.
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Tiny
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Post by Tiny on Mar 4, 2022 14:55:42 GMT -5
I filled up my gas tank on Monday of this week - gas had gone up to $3.99.9 at the "prime location" stations. The gas station I use - 5 blocks from the "prime" ones was still at $3.87.9 a gallon.
I ran some errands Thursday night - and the prime locations were $4.29.9 and $4.27.9 a gallon. the station 5 blocks from the prime ones was $3.99.9 a gallon.
There are a lot of taxes and fees included in those prices. I'm not sure what the actual cost of the gas is - the price at the pump isn't broken down.
I'm guessing the higher price of gas means more tax and fees collected by the local government (where the pump is located).
I am not happy about the high gas prices (I don't drive that much - I looked at my future driving plans and the tank of gas should get me thru 20 days before I need to refill the tank. ) so I'm not complaining just yet. Gas going up to $5.00 a gallon will make me vocally complain.
The thing to remember is that unlike other consumer goods - the price of gas will most likely return to more reasonable levels.... at some point in the future.
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Post by minnesotapaintlady on Mar 4, 2022 15:58:12 GMT -5
Yes, housing is crazy right now. I find it scary. How are the regular Joes and Janes going to afford this? Cost of living keeps increasing, and for all the talk about employees getting higher raises, salaries and wages are not that high compared to the price of necessities. They'll afford it by giving up other things. Just like we did in the 70's and 80's. Remember, too, that unemployment was rampant at that time. There would be lines around the block where people were applying for the few open positions. Inflation hasn't broken a record yet. Let's just cross our fingers that it doesn't.
Yeah, we have a long way to go to get to the 14% inflation and 18% mortgage rates of those years.
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CCL
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Inflation
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Post by CCL on Mar 4, 2022 16:34:23 GMT -5
I paid $1.86/l yesterday. Doing all the conversions that's about $6/gallon. I don't want to talk about it! 😡 $3.55/gal at Costco today.
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nidena
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Post by nidena on Mar 4, 2022 19:34:28 GMT -5
I filled up my gas tank on Monday of this week - gas had gone up to $3.99.9 at the "prime location" stations. The gas station I use - 5 blocks from the "prime" ones was still at $3.87.9 a gallon. I ran some errands Thursday night - and the prime locations were $4.29.9 and $4.27.9 a gallon. the station 5 blocks from the prime ones was $3.99.9 a gallon. There are a lot of taxes and fees included in those prices. I'm not sure what the actual cost of the gas is - the price at the pump isn't broken down. I'm guessing the higher price of gas means more tax and fees collected by the local government (where the pump is located). I am not happy about the high gas prices (I don't drive that much - I looked at my future driving plans and the tank of gas should get me thru 20 days before I need to refill the tank. ) so I'm not complaining just yet. Gas going up to $5.00 a gallon will make me vocally complain. The thing to remember is that unlike other consumer goods - the price of gas will most likely return to more reasonable levels.... at some point in the future. I really don't consider the price of gas, currently, to be unreasonable. Yeah, it's more expensive but it's still less than it was 14 years ago. Yeah, the trajectory has been pretty steep but I think people were lulled into some sort of (I don't know what to call it) when the prices dropped so much in 2020 because nobody was driving. I do think they'll go down again but I don't think we'll see less than $2/gal again. Gas prices for past 30 years.
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Deleted
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Post by Deleted on Mar 4, 2022 22:05:27 GMT -5
When I first bought my car, it cost around $20 to fill the tank with gas. The last time I filled it up, a few weeks ago, it cost around $40. I bought my car new in 2003.
I don’t know at what point I would consider gas costs unreasonable, but I do know that it matters more now, since my car has no longer been my daily driver. My car is probably not as fuel efficient as cars that were made after it was, but it is a lot more fuel efficient than what has been my daily driver for over a year now.
I knew gas was costing more over the years, but it didn’t affect my pockets as much until I started driving a gas guzzler every day.
Even though I can lessen the impact by driving my car more often, I don’t think that just because I have that option, the increases in gas prices aren’t a big deal. I’m sure they are a very big deal for some people. Even if they drive fuel efficient vehicles, some people’s situations are such that dramatic increases in gas prices can seriously mess up their struggle budget.
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jerseygirl
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Post by jerseygirl on Mar 4, 2022 22:49:32 GMT -5
Remember the administration has vowed to stop production of gas and oil and transfer energy production to wind and solar. So gas for cars and heat and oil for heat will be increasing - a lot. In NY already trying to eliminate use of gas and oil in new houses by replacing with electric. And increasing gas prices to ‘encourage’ purchase of electric cars.
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Lizard Queen
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Post by Lizard Queen on Mar 4, 2022 22:57:32 GMT -5
Remember the administration has vowed to stop production of gas and oil and transfer energy production to wind and solar. So gas for cars and heat and oil for heat will be increasing - a lot. In NY already trying to eliminate use of gas and oil in new houses by replacing with electric. And increasing gas prices to ‘encourage’ purchase of electric cars. There isn't an endless supply of oil. It's smart to plan ahead and diversify sources of energy.
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