Plenty of stations around $2.75 in Brooklyn (NYC). Costco in Brooklyn doesn’t sell gas and we have no Walmart/Sam’s.
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$2.64 around our Chicagoland area this week.
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Suburbs of Philly $3.03 at Costco, WaWa $3.29
I get gas so infrequently that I have no idea what our current rates are. (Just a regular car that gets fantastic mileage and I rarely need to leave my home, thankfully!)
I’m now curious though.
What was the price of the oil that Biden released from the SPR compared to now that he is filling it?
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Sold for $95 and buying for $77.
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I don’t subscribe to WaPo but I woudl have hoped that they have an editor with at least one course in economics who would know that for food prices to fall, we would need deflation, not just cooling inflation.
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gift link
thanks for the link.
and on the subject of food:
It’s Been 30 Years Since Food Ate Up This Much of Your Income
"The last time Americans spent this much of their money on food, George H.W. Bush was in office, “Terminator 2: Judgment Day” was in theaters and C+C Music Factory was rocking the Billboard charts.
…
In 1991, U.S. consumers spent 11.4% of their disposable personal income on food, according to data from the U.S. Agriculture Department. At the time, households were still dealing with steep food-price increases following an inflationary period during the 1970s.
More than three decades later, food spending has reattained that level, USDA data shows. In 2022, consumers spent 11.3% of their disposable income on food, according to the most recent USDA data available."
If it’s 11.3% now, what was it in more “normal” times, say, 2019, just before the pandemic?
The election is 8+ months from now.
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“If you look historically after periods of inflation, there’s really no period you could point to where [food] prices go back down,” said Steve Cahillane, chief executive of snack giant Kellanova, in an interview. “They tend to be sticky.”
Kellanova? 
Humans should completely stop eating anything that company makes.
Pop Tarts, Cheez Its, Pringles, Graham Crackers, Rice Krispies, etc. Raise your prices all you want, because you’re fattening America. Killing America.
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Kellanova? Yuck!!!
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Fattening everyone and killing the planet, too. Just read Ultra-Processed People and Spoon Fed. Yuck, indeed.
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Nice attempt at deflection. His statement concerns food prices in general. Those prices will still be over 20% higher than they were in 2019 when Nov 2024 rolls around. I’m experiencing sticker shock at the grocery store. Sounds like other people are as well.
Maybe their stock portfolios, retirement plans, fixed income investments, etc. will help them feel better about food prices rising.
And those of us with real estate have likely seen sizable increases too.
If we’re looking for a perfect world…
8+ months to go and the market is still expecting rate cuts.
Real estate prices have increased across the board. One of the reasons the housing market is so constricted is people aren’t selling because it costs the same or more to buy a new property at higher interest rates than the price they can sell their current property.
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