General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJust like clockwork, in case you haven't noticed yet,
gas and food prices are on the rise. Right before the re-election of a popular Democratic president.
I think Vegas should've had a line on this starting about a year ago. I would've bet everything I have (what little that is)!
AllaN01Bear
(29,801 posts)and to try and use as a smear tactcic like was done to all other dem preses .
AllaN01Bear
(29,801 posts)not by arabs but the us oil cos .
twodogsbarking
(19,339 posts)Permanut
(8,566 posts)It's not gouging, mind you.
BaronChocula
(4,742 posts)We passive patriotic unquestioning Americans have been taught to believe the inanimate market sets prices and not the benevolent folks who stand to be enriched by higher prices.
markodochartaigh
(5,545 posts)if they actually read Adam Smith's work.
Johnny2X2X
(24,435 posts)Grocery prices were flat last month and the month before. 0.0% increase in February and March. Restaurant food went up 0.3% though.
Gas switched over to the Summer blend, so it generally goes up in March every year.
And Trump is not as popular with corporate America as people seem to think. He's a loose cannon and unreliable and his ideas on trade are a huge threat to the economy. Plus, most boards and CEOs know that fascism is corrupt and bad for business.
lapfog_1
(31,980 posts)who collectively have been lowering their targets of oil production starting just month ago or so in an attempt to raise the PPB enough to hurt both Biden and the West.
USA is a net exporter of crude however the oil market is a world market so any reduction in oil production affects prices around the world. I expected that gas prices would rise to an average of $4.50 a gallon in the USA over the summer.
The oil companies are all to happy to add their percentage margins to the cost of basic crude and have a few banner profitability years after the pandemic years of shrinking demand.
Long term this will drive the adoption of electric vehicles.. .but for now, the resulting pump price and inflation will be used by the pro-Russian party to blame Biden and "government restrictions", etc on Democrats.
I was only going by what I've personally seen. About 3 weeks ago gas at Kroger was $2.99. Now it's $3.49. I pay close attention to food prices. They've been steadily ticking up.
Was also being a bit snarky because it always seems to go that way when a Democratic president is running for re-election. You know the rube's logic, 'vote for TR*** and gas prices will come down. As if gas prices are the most significant bellwether of a successful presidency.
onenote
(46,228 posts)The only reason they didn't go up in March 2020 is that the pandemic caused demand, and prices, for gas to plummet that month.
markodochartaigh
(5,545 posts)There is the real world of facts and figures in which a part of the US electorate lives, and there is the world of belief, in which another part of the US electorate lives. In the world of belief, Fox "news", OANN, churches, business leaders, co-workers, friends, and family develop a zeitgeist to be inhabited by people who are uncomfortable with facts which grate against their "reality". These are not voters who chart a myriad of prices on a monthly basis.
As for corporate America, I love Les Moonves' quote "It may not be good for America, but it's damn good for CBS". And I'm sure that not everyone has forgotten how many companies withdrew support from Republicans immediately after The Epiphany Day Coup Attempt only to backtrack and quietly resume support as soon as they saw that accountability was going to be slow in coming. You don't get to be a c-suite officer without knowing on which side your bread is buttered.
Think. Again.
(22,456 posts)...that gas prices go up for no reason around major holiday weekends...
Oh, wait...
lefthandedskyhook
(1,181 posts)Biden did not want Ukraine to take out russian oil production. It was all about inflation. Strange how that worked out... The baby faced speaker of the house was able to basically end our military support for Ukraine? Ukrainians are fighting and dying for their country against a monster and we are playing with our hands tied because of some very stupid people who are up to NO GOOD
Probatim
(3,298 posts)And make the connection between high prices and profits.
I have complete confidence in him that he will do just that. Record profits too.
Mr.Bill
(24,906 posts)It's a well kept secret, but in the White House hidden in a medicine cabinet in the private presidential bathroom next to the oval office, there are two knobs. One is labeled "stock market" and one is labeled "gas prices". Some presidents never find these knobs, but the ones that do can control Wall street and the price of gas by turning the knobs up or down.
That's my story and I'm sticking to it.
That is priceless!
bluestarone
(22,465 posts)
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