General Discussion
Showing Original Post only (View all)About 23 days ago my price [View all]
for diesel with my discount fuel card was $3.16 per gallon. Now today at the same location my price would be $4.159 per gallon. Many of the fuel stops within 20 miles of that location are pricing at $4.25+ per gallon after the discount. One was $4.69.
At my preferred stop that means an increase of over 30% in less than a month. All thanks to a needless war. Some of the freight brokers are starting to offer substantially higher rates to try to move loads which indicates they're having a harder time getting anybody to take it at the lower rates. Even loads at the higher rate are sitting on the load boards for a much, much longer time. Normally a high rate load is taken by someone within a few minutes at most. Now I'm seeing hours go by and the load is still available.
The price translation at the grocery level will be felt and when the next inflation report comes out, if the numbers are honest, even the core numbers that exclude energy and food will be higher as manufactured goods etc. will be priced up in anticipation of more costly restocking down the road.
So when this is combined with the hit to the consumer generally from tariffs, higher health insurance premiums, slower hiring/layoffs, increased automotive maintenance costs due to tariffs on parts, higher prices for vehicles due to tariffs and you add back in the high fuel prices and food price increases it is one huge whack to the American consumer in barely over a year of the fascists being in total control. Failing to curtail the greed investing that's driving up housing prices and rents is seeing those costs escalate through the roof and become the icing on a very crappy cake.
For the segment of the population that receives benefits from things like SNAP, Medicaid, AFDC etc. the cuts to those programs combined with the price increases for things they need to sustain life are a monstrous problem and going to get worse. Especially in rural areas where wages are lower and jobs more scarce anyway.
The pullback from consumers on spending will accelerate and combined with the recent massive pumping of dollars from the Fed to the banks this is looking very bad for the financial markets as well. Even the AI and Crapcoin delirium won't be able to withstand sudden huge hits to the bond market for example combined with way over-leveraged banks.
Remember how things were OK in 2007/2008 on a day to day basis until suddenly within a few consecutive days the crap hit the fan and everything was very much into the meltdown phase. Here we are heading for the brick wall again thanks to the fascists. The only thing to be sure of is the billionaires will profit from the misery and get even wealthier.