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ProfessorGAC

(77,421 posts)
18. Correlated To Fuel
Wed Nov 3, 2021, 08:16 PM
Nov 2021

Shipping costs, warehousing costs, and production of food products are all influenced by fuel costs, especially the first.
So, consumer goods all have upward price pressure.
Sure, some goods may be more expensive to produce right now, (but most of the reported financial reasons are pretty flimsy), but the high fuel costs compound things.
Normally inflation doesn't include fuel cost for this very reason. Consumer prices are autocorrelated to fuel so economists like to leave that out. Actually, finding that degree of autocorrelation is pretty easy, so correcting figures for "double counting" isn't that hard. The economics community has been lazy & negligent in this area for decades.

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That's a factor for sure. BlueTsunami2018 Nov 2021 #1
Correlated To Fuel ProfessorGAC Nov 2021 #18
And shelves are bare in some stores. hamsterjill Nov 2021 #21
You could very well be right. Elessar Zappa Nov 2021 #2
I would add the prices at the grocery store too madville Nov 2021 #3
Although inflation has been deemed a non-issue by DUers, if prices are Hoyt Nov 2021 #4
It's always an issue. Goodheart Nov 2021 #5
According to DUers a month ago, talk of inflation was premature and spreading Hoyt Nov 2021 #8
Agree nt spooky3 Nov 2021 #12
Its an issue for me Buddy1 Nov 2021 #25
Gasoline and Inflation maxsolomon Nov 2021 #6
"The Economy" is almost always the driver of any given vote. Decoy of Fenris Nov 2021 #7
Message auto-removed Name removed Nov 2021 #9
It's highly visible, and impacts people's lives. bearsfootball516 Nov 2021 #10
Gas and Supply Chain Metaphorical Nov 2021 #11
people care a lot less about issues qazplm135 Nov 2021 #13
It drives me nuts d_r Nov 2021 #14
Why high gas prices is good policy... tax the crap out of these gas guzzlers!! InAbLuEsTaTe Nov 2021 #15
The irony is, the only way we'll reduce gas consumption is via higher cost NickB79 Nov 2021 #16
Big Oil ymetca Nov 2021 #17
Supply & Demand ProfessorGAC Nov 2021 #19
Let's Tell the Truth. Ron Green Nov 2021 #20
Short-sighted? Devil Child Nov 2021 #22
Actually, the major driver in politics is the price of politics. KY_EnviroGuy Nov 2021 #23
Even though gas prices are the product of conservative economics. Initech Nov 2021 #24
The data doesn't support that onenote Nov 2021 #26
Thank you. I stand corrected. Goodheart Nov 2021 #27
And FFS stop the IRS BS around election time JCMach1 Nov 2021 #28
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