pull down to refresh
126 sats \ 15 replies \ @Undisciplined 19 May \ on: Why Are Americans Spending So Much ? econ
Look at what’s up vs what’s down. It’s mostly essentials that are up and luxuries that are down.
That’s inflation at work and it’s why Americans are carrying record consumer debt.
I would have thought gas and fuel would be up.
reply
That would generally fit with the broader trend, but you have to remember that oil and gas prices skyrocketed after Russia invaded Ukraine and stayed high with the turmoil in the Middle East.
Biden emptied the Strategic Petroleum Reserves, in order to bring down oil prices heading into his reelection campaign. I think that's the main reason for the seemingly odd price movement there.
reply
The price for gasoline hasnt really moved much.
I thought it would go down a bit more, but it remains around the same.
How much left is in the reserve?
reply
I had heard that it was basically drained. He's supposed to refill it, but I don't see that happening until after the election.
As far as gas prices at the pump, it seems like they go up a lot faster than they come back down, but that's just my experience.
reply
Yeah, I pay about 4$ for premium gas now.
Total waste of money, I think.
reply
Have you tried dollar-cost averaging your gas?
It saves a little money, over the long-term.
reply
reply
Ethanol is an abomination