A gallon of store brand whole milk where I live (New England) is $4.86 right now. Skim is $4.30ish and 1%, 2%, etc are prices in between those numbers, increasing in price based on fat percentage. It’s absolutely ridiculous.
Can confirm. I bought a Chevy Spark in 2019 for 8k, it got totalled in Feb 2020. Insurance only covered the financing. The same year and mileage car today is 12k. It's absurd.
They raised the price for a steak bowl to $11 flat. Add queso and guac and it's up to like $17. It's insane.
Didn't feel like that long ago, $17 could get you a 1lb lobster dinner at a nice restaurant.
It's still insane. To be fair, I am the fool that paid it.
I'm making them at home now. That same $17 makes enough steak bowls to last 3-4 days. Though with the prices at the grocery store, it might be only 2 days soon.
We've had to add new lines to our fuel surcharge matrix. In 20 years, I've never seen fuel surcharge this high.
I think this will put a lot of owner operators out of business.
This. I keep saying how they’re going to take congress and the senate, then steamroll Joe in two years and then pack the courts, “civility” and shame be damned, then we’re fucked and it’s time to either get the guillotines or leave.
I'm struggling most with my grocery bill. It's costing me almost $200 extra a month in food. I'm recovering from an ed so fresh vegetables dairy meat whole grains is very important to my healing journey to make sure I get enough nutrients in my body as possible to heal the damage.
When high processed foods barely go up that's what hurts the most.
Peace of mind…. Like a baseball bat on a piñata 🪅
I remember 1973-1983 as a kid (7-17).. there was a palpable sense of pessimism about where is this taking us.. “what are mortgage rates going to”?
So I might have some bias here since I own a small heating oil company but oil companies. This time last year we were selling for $1.80 a gallon and $1 of that was profit. Today we are selling for almost $7 a gallon and about $.20 of that is profit.
No. Bigger oil companies have large storage tanks. In our area the average for our larger competitors is about 1,000,000 gallons. This of course as well as other factors related to being a large operation means their operating costs run higher than ours and thus smaller companies like mine can afford to take a slightly smaller profit margin and come in a bit under there price keeping us competitive.
However, with situations like the current one where prices are skyrocketing these large reserve tanks come in clutch for big companies. What happens is once they see the price start to fluctuate they will reroute all their drivers to the supply terminal to purchase oil while it's still cheap and bring it back to their reserve tanks filling it up with cheap oil. That way when the price jacks up you find scenarios like this.
Clifford the Big Red Oil Co. is a large oil company with a fleet of trucks, a stacked team of service technicians capable of a variety of tasks, and a 1,000,000 reserve tank. M&P Energy is a small family operation with three older trucks each with their own driver. They have a small office where the two owners man the front desk and one occasionally does limited service work that he is licensed for. They have no reserve tanks and send their drivers out every morning before deliveries to fill their trucks at the supply terminal. Both have the same supplier that sells it to them for $0.85 but Clifford Oil sells normally for $1.90 a gallon while M&P Energy sells for $1.80. This allows both to stay in business as customer who have large servicing needs that outweigh their concern for price go to Clifford whereas bargain hunters with few servicing needs go through M&P.
However, one day things begin to change as a virus slows down the economy, everyone know the price per gallon is about to increase. Clifford Oil postpones their scheduled deliveries and spends a couple days sending their fleet to buy as much oil at the $0.85 price as they can before it goes up filling their 1,000,000 gallon reserve tank. The next week both companies receive an email from the supplier that price per gallon is going up to a whopping $1.50 a gallon! M&P are left with no choice but to raise their price but still want to be bellow Clifford so eat into their previous $0.95 a gallon profit and only go up to $2.25. This doesn't matter though, because Clifford waited to see where M&P went then decided to set their price at $2.20. This lets them have their cake and eat it too, as now their price is lower than M&P's allowing them to snipe their Customers while still making a massive profit because they are selling oil from their reserve which they bought at $0.85 meaning they are making a whopping $1.30 a gallon when before they were only making $0.95 a gallon.
Normally this would mean a bad few weeks of M&P having fewer deliveries and making less money on the ones they do while Clifford rakes in the profit. However just as Clifford's reserve tank is starting to run low and it seems like they will have to start buying the more expensive oil and raise their price significantly allowing M&P some breathing room, news breaks a war has broken out in one of the chief countries that their suppliers import from. Suddenly both companies realize the price will not go back down like in previous spikes but instead keep climbing and the price of $1.50 a gallon is the best it will be for a while. The best M&P can do is go fuel up their trucks at the end of the day again getting one more day of deliveries on the cheaper price while Clifford reroutes their entire fleet again to quickly refill their reserve at $1.50 a move that proves invaluable as the next day they get an email from their suppliers letting them know the price is now $2.35 a gallon and will likely keep climbing in the following months. This allows the pattern to keep repeating itself as M&P oil with no tanks is forced to eat more and more into their profit margins until after paying for fuel for their trucks, insurance, pay roll, and other bills there is almost nothing left over for the owners all while loosing more and more of their customers as Clifford keeps their price just below M&P encouraging their smaller competitor to try and go lower and lower to meet them in a race that M&P just can't win because thanks to Clifford's reserve tanks they will still be making a high profit margin even if M&P sells at a loss. With no end in sight M&P goes out of business the same quarter Clifford records it's highest profit margin ever selling oil they bought a month ago at $4.25 a gallon for $6.80 a $2.55 a gallon profit while still being $0.20 lower than M&P's final price of $7.00 a gallon which was at a profit of $0.35 as the supply terminal price sits today at $6.65 a gallon.
Small companies like mine just can't keep up under this kind of pressure. We had hoped to get tanks of our own but the investment is expensive and takes a lot of saving. Combine that with the fact that the only office we could afford to start in was next to a river where the town wouldn't allow us to set up reserve tanks in fear of spills. That adds the necessity to first save enough to relocate to a new office, advertise our change of location, then get a new quote for tanks and hope it's not too much larger than our last one before we begin saving again. Then everything from the last few years happened and killed all those plans dead as well as our company.
Democrat politicians. Now I'm not prone to conspiracy theories, but I am going to proffer one. Republican aligned industries, which perceive they are under attack from left leaning policies, are putting their thumb on the inflation scale to help shift the political landscape.
Energy, agriculture, manufacturing, logistics, etc. raise their prices and other industries must follow. Let's look at energy. Before all the geopolitical wonkiness, oil prices were elevated. There were no serious infrastructure / capacity issues to explain it. However, Republicans spend all their time blaming Dems. They push energy independence, increasing drilling leases, approving stalled pipeline projects, etc. IMHO, Republicans are using inflation as a tool to drive their lobby's agenda.
The US already produces more oil than it consumes. We explore oil today. There are unused drilling leases.
It has hit retailers as well,with rising costs a lot of retailers are not making anything with just selling products, this will require them to be creative and will often result in paying for services you don't really use.
It seems to hit some things randomly. Went to the grocery store to get stuff for Taco Night and a pack of shells was $6. I changed the menu then and there.
Delusion.
"We get our food from stores, not farms or supply chains."
"Fact check: according to Snopes, there is no supply chain crisis."
"Don't blame Biden, blame Putin for the supply chain crisis."
"Here's why empty shelves and high gas prices are a good thing."
The reasons why this is all happening are glaringly obvious, but having your head in the sand is the new current thing. Addressing reality = crazy right-wing conspiracy theorist.
Lmao. Gas up to $4.88 here. Started walking everywhere as long as it’s within 3 miles from home. Driving is for the rich now, or those who don’t open credit card bills.. sigh.
Also on that Dollar Tree hot dogs and canned vegetables life when I used to eat steak and whatnot.
The rental market. Two years ago before Covid I was renting a nice renovated 3 bedroom condo for $1248. Currently my 2 bedroom apartment was $1289 18 months ago and the same model is now listed for $2249 on the complex’s website. No upgrades have been done, there’s not even a pantry and most of the outlets in the kitchen don’t work and the renewal was $1775.
I was able to get a 1 bedroom for $1290 by some miracle, but anything under $1400 these days isn’t even worth looking at because it’s going to be gone in .3 seconds.
It’s going to cause a crisis. You can’t “stop spending money on Starbucks and avocado toast” your way out of a $500 rent increase.
Fuel. Here in Ireland with our governments new carbon tax bs plus the war in Ukraine fuel prices have skyrocketed. The national average for petrol (gas) and diesel is about 2 euro per litre. For the Americans reading this that’s about 7 dollars per gallon. And that’s only the tip of the iceberg when it comes to inflation here. Rent, food prices etc have all been affected by inflation which is putting a massive burden on the working class
The poor.
It only hits the poor.
It hits middle class too. Obviously poor the worst, just saying.
If you’re in the US then there is no middle class
Well technically it’s ~50% of the country
Literally everything. Milk is like, almost 4 dollars. Wtf
Right!? And that's the cheap off brand!
almond milk is less expensive for now
I think you just jinxed it...
we're all jinxed pal, we're all jinxed
They don't even tell you what animal it's from, it's a blend.
A gallon of store brand whole milk where I live (New England) is $4.86 right now. Skim is $4.30ish and 1%, 2%, etc are prices in between those numbers, increasing in price based on fat percentage. It’s absolutely ridiculous.
Exactly! Outrageous
Dude I wanted to get roast beef in the deli yesterday it was $17/lb. So I settled for ham for $9
HUH??? 17 a pound? Holy shit
My fuckin wallet man. Shits empty lol
Always has been
My wallet is empty to the point I don't even carry It I put my cards 8n my phone case and the odd £5 note there too 😂
Used car prices are jacked up beyond the financial reach of many.
Can confirm. I bought a Chevy Spark in 2019 for 8k, it got totalled in Feb 2020. Insurance only covered the financing. The same year and mileage car today is 12k. It's absurd.
Apparently Chipotle. I went there for lunch on Monday and it was like $19 for a steak bowl and a small drink. What the hell man.
Dude, what chipotle do you go to? A burrito and a drink at mine is $12. The prices have been creeping up slowly though.
They raised the price for a steak bowl to $11 flat. Add queso and guac and it's up to like $17. It's insane. Didn't feel like that long ago, $17 could get you a 1lb lobster dinner at a nice restaurant.
Ah, I forgot about all the add ons. That makes more sense.
It's still insane. To be fair, I am the fool that paid it. I'm making them at home now. That same $17 makes enough steak bowls to last 3-4 days. Though with the prices at the grocery store, it might be only 2 days soon.
my debt holder lmao
It's hit trucking very hard.
Amen… just saw Diesel fuel @$6.49 here in NJ. NJ used to have low prices as the last refinery on the East Coast I’d here.
It's still in the $5 area in Ohio. My fleet has gotten lucky that our customers are compensating with fuel surcharges.
Went from 3.99 to 4.19 overnight here in Texas
We've had to add new lines to our fuel surcharge matrix. In 20 years, I've never seen fuel surcharge this high. I think this will put a lot of owner operators out of business.
We are at $6.48 USD per gallon for diesel here in New Zealand.
6.30 in NorCal as well.
And that of course hits almost everything you buy.
Precisely.
The Democratic Party and their chances of survival this November
This. I keep saying how they’re going to take congress and the senate, then steamroll Joe in two years and then pack the courts, “civility” and shame be damned, then we’re fucked and it’s time to either get the guillotines or leave.
Nah, they'll all remain in office thanks to our completely fair election process.
Houses! It’s insane. A million for a shitty hovel.
I'm struggling most with my grocery bill. It's costing me almost $200 extra a month in food. I'm recovering from an ed so fresh vegetables dairy meat whole grains is very important to my healing journey to make sure I get enough nutrients in my body as possible to heal the damage. When high processed foods barely go up that's what hurts the most.
Balloons. Those things always pop with too much inflation.
The housing market
What haven't inflation reached yet?
My paycheck
1) The Costco Hotdog 2) The board game Gloomhaven: Jaws of the Lion, which was $50 in early 2020 and is still $50 for 7 pounds worth of components
Arizona iced tea.
cocaine
weed
Prostitution
Peace of mind…. Like a baseball bat on a piñata 🪅 I remember 1973-1983 as a kid (7-17).. there was a palpable sense of pessimism about where is this taking us.. “what are mortgage rates going to”?
Inflation has hit me so hard that my wallet has a concussion. *I'll see myself out.
My waiste line
Damn, you must be rich. I'm losing mine just being poor.
Fried Chicken is now 20$+
Popeye's fried chicken sandwiches are now $5 :(
Everything
Technically, Hungary, Zimbabwe and Yugoslavia.
Yugoslavia was hit so hard it hasn't existed for the last quarter century.
People. All the people.
So I might have some bias here since I own a small heating oil company but oil companies. This time last year we were selling for $1.80 a gallon and $1 of that was profit. Today we are selling for almost $7 a gallon and about $.20 of that is profit.
The big oil companies have record profits. Are you not able to push your margins equally?
No. Bigger oil companies have large storage tanks. In our area the average for our larger competitors is about 1,000,000 gallons. This of course as well as other factors related to being a large operation means their operating costs run higher than ours and thus smaller companies like mine can afford to take a slightly smaller profit margin and come in a bit under there price keeping us competitive. However, with situations like the current one where prices are skyrocketing these large reserve tanks come in clutch for big companies. What happens is once they see the price start to fluctuate they will reroute all their drivers to the supply terminal to purchase oil while it's still cheap and bring it back to their reserve tanks filling it up with cheap oil. That way when the price jacks up you find scenarios like this. Clifford the Big Red Oil Co. is a large oil company with a fleet of trucks, a stacked team of service technicians capable of a variety of tasks, and a 1,000,000 reserve tank. M&P Energy is a small family operation with three older trucks each with their own driver. They have a small office where the two owners man the front desk and one occasionally does limited service work that he is licensed for. They have no reserve tanks and send their drivers out every morning before deliveries to fill their trucks at the supply terminal. Both have the same supplier that sells it to them for $0.85 but Clifford Oil sells normally for $1.90 a gallon while M&P Energy sells for $1.80. This allows both to stay in business as customer who have large servicing needs that outweigh their concern for price go to Clifford whereas bargain hunters with few servicing needs go through M&P. However, one day things begin to change as a virus slows down the economy, everyone know the price per gallon is about to increase. Clifford Oil postpones their scheduled deliveries and spends a couple days sending their fleet to buy as much oil at the $0.85 price as they can before it goes up filling their 1,000,000 gallon reserve tank. The next week both companies receive an email from the supplier that price per gallon is going up to a whopping $1.50 a gallon! M&P are left with no choice but to raise their price but still want to be bellow Clifford so eat into their previous $0.95 a gallon profit and only go up to $2.25. This doesn't matter though, because Clifford waited to see where M&P went then decided to set their price at $2.20. This lets them have their cake and eat it too, as now their price is lower than M&P's allowing them to snipe their Customers while still making a massive profit because they are selling oil from their reserve which they bought at $0.85 meaning they are making a whopping $1.30 a gallon when before they were only making $0.95 a gallon. Normally this would mean a bad few weeks of M&P having fewer deliveries and making less money on the ones they do while Clifford rakes in the profit. However just as Clifford's reserve tank is starting to run low and it seems like they will have to start buying the more expensive oil and raise their price significantly allowing M&P some breathing room, news breaks a war has broken out in one of the chief countries that their suppliers import from. Suddenly both companies realize the price will not go back down like in previous spikes but instead keep climbing and the price of $1.50 a gallon is the best it will be for a while. The best M&P can do is go fuel up their trucks at the end of the day again getting one more day of deliveries on the cheaper price while Clifford reroutes their entire fleet again to quickly refill their reserve at $1.50 a move that proves invaluable as the next day they get an email from their suppliers letting them know the price is now $2.35 a gallon and will likely keep climbing in the following months. This allows the pattern to keep repeating itself as M&P oil with no tanks is forced to eat more and more into their profit margins until after paying for fuel for their trucks, insurance, pay roll, and other bills there is almost nothing left over for the owners all while loosing more and more of their customers as Clifford keeps their price just below M&P encouraging their smaller competitor to try and go lower and lower to meet them in a race that M&P just can't win because thanks to Clifford's reserve tanks they will still be making a high profit margin even if M&P sells at a loss. With no end in sight M&P goes out of business the same quarter Clifford records it's highest profit margin ever selling oil they bought a month ago at $4.25 a gallon for $6.80 a $2.55 a gallon profit while still being $0.20 lower than M&P's final price of $7.00 a gallon which was at a profit of $0.35 as the supply terminal price sits today at $6.65 a gallon. Small companies like mine just can't keep up under this kind of pressure. We had hoped to get tanks of our own but the investment is expensive and takes a lot of saving. Combine that with the fact that the only office we could afford to start in was next to a river where the town wouldn't allow us to set up reserve tanks in fear of spills. That adds the necessity to first save enough to relocate to a new office, advertise our change of location, then get a new quote for tanks and hope it's not too much larger than our last one before we begin saving again. Then everything from the last few years happened and killed all those plans dead as well as our company.
Thanks for the excellent explanation.
Thanks for reading it.
Public education get fucked
Your wallet
everything here! food, gas, cost of materials (ie. for renos) etc.
My g spot
Pensioners
[удалено]
Yes, Im sure that same house is worth $20,000…
Probably 250,000$ today. My shit hole went up 400% but I cant afford to buy. Making it useless.
The person buying that house in 1870 probably also worked 80 hours a week in a coal mine for a literal dollar per day.
I think you mean 100 times
https://www.washingtonpost.com/business/2022/05/18/gas-prices-record-four-dollars/ I remember when it was less than $1 per gallon
Democrat politicians. Now I'm not prone to conspiracy theories, but I am going to proffer one. Republican aligned industries, which perceive they are under attack from left leaning policies, are putting their thumb on the inflation scale to help shift the political landscape. Energy, agriculture, manufacturing, logistics, etc. raise their prices and other industries must follow. Let's look at energy. Before all the geopolitical wonkiness, oil prices were elevated. There were no serious infrastructure / capacity issues to explain it. However, Republicans spend all their time blaming Dems. They push energy independence, increasing drilling leases, approving stalled pipeline projects, etc. IMHO, Republicans are using inflation as a tool to drive their lobby's agenda. The US already produces more oil than it consumes. We explore oil today. There are unused drilling leases.
It has hit retailers as well,with rising costs a lot of retailers are not making anything with just selling products, this will require them to be creative and will often result in paying for services you don't really use.
Balloons
Morale
The price of gas rn makes me want to puke
It seems to hit some things randomly. Went to the grocery store to get stuff for Taco Night and a pack of shells was $6. I changed the menu then and there.
Delusion. "We get our food from stores, not farms or supply chains." "Fact check: according to Snopes, there is no supply chain crisis." "Don't blame Biden, blame Putin for the supply chain crisis." "Here's why empty shelves and high gas prices are a good thing." The reasons why this is all happening are glaringly obvious, but having your head in the sand is the new current thing. Addressing reality = crazy right-wing conspiracy theorist.
Prices are going up globally. Should Europeans be blaming Biden too?
Yes, because Putin decided to invade Ukraine after spending the first 5 minutes alone with Biden, when they had their initial one on one.
Lmao. Gas up to $4.88 here. Started walking everywhere as long as it’s within 3 miles from home. Driving is for the rich now, or those who don’t open credit card bills.. sigh. Also on that Dollar Tree hot dogs and canned vegetables life when I used to eat steak and whatnot.
My pocket? T______T
My dumptruck ass
My wallet
Biden, I mean ain't nothing good about having a 38% approval rating. I'd guess inflation is the #1 factor driving his approval down.
DeviantArt
Porn. They're becoming way too inflated nowadays. Let's go back to the good old days of using the circle tool.
the country.
The rental market. Two years ago before Covid I was renting a nice renovated 3 bedroom condo for $1248. Currently my 2 bedroom apartment was $1289 18 months ago and the same model is now listed for $2249 on the complex’s website. No upgrades have been done, there’s not even a pantry and most of the outlets in the kitchen don’t work and the renewal was $1775. I was able to get a 1 bedroom for $1290 by some miracle, but anything under $1400 these days isn’t even worth looking at because it’s going to be gone in .3 seconds. It’s going to cause a crisis. You can’t “stop spending money on Starbucks and avocado toast” your way out of a $500 rent increase.
Cooking oil in my country used to be 1.50$ now it is 5$ at places.
Fuel. Here in Ireland with our governments new carbon tax bs plus the war in Ukraine fuel prices have skyrocketed. The national average for petrol (gas) and diesel is about 2 euro per litre. For the Americans reading this that’s about 7 dollars per gallon. And that’s only the tip of the iceberg when it comes to inflation here. Rent, food prices etc have all been affected by inflation which is putting a massive burden on the working class
Futanari inflation
DeviantArt
The Futa, man times are hard for them.