Gas Prices
Lexus Test Driver
Joined: Apr 2011
Posts: 8,403
Likes: 366
From: Las Vegas
Yet people deny that it's a COL decrease, $2 gas..cracks me up. If everyone would just shut up and let ****/transportation/logistics/optics catch up, food will start coming down too when it costs half of what it did to bring it to stores. It just takes time. Get energy down, things follow.
Regular is $2.15 here.
Regular is $2.15 here.
You could cut that in half and it would make an absolutely meaningless difference in my overall budget.
Lexus Champion
Joined: Jan 2012
Posts: 17,190
Likes: 530
From: Knoxville, TN
Lexus Champion
Joined: Jan 2012
Posts: 17,190
Likes: 530
From: Knoxville, TN
The big group of us that all regularly chat are all pretty well heeled, it doesn't affect us. Still obnoxious though when it was that high.
Lexus Fanatic
Joined: May 2012
Posts: 68,839
Likes: 4,107
From: Maryland
Same here... but we all have money on here. You're a CPA, I don't hear a lot of stories about accountants being broke for gas money lol.
The big group of us that all regularly chat are all pretty well heeled, it doesn't affect us. Still obnoxious though when it was that high.
The big group of us that all regularly chat are all pretty well heeled, it doesn't affect us. Still obnoxious though when it was that high.
Like you I notice the gasoline cost because I pay it as I go, the home utilities just deduct from my bank account. But, if you are watching your budget like most people do you are fully aware of what your home utilities cost.
Last edited by SW17LS; Jan 28, 2026 at 07:18 AM.
Instructor
Joined: Jul 2025
Posts: 1,086
Likes: 202
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Lexus Fanatic
Joined: May 2012
Posts: 68,839
Likes: 4,107
From: Maryland
Economists have whatever kind of "insight" that you want to hear. Some subscribe to Kenesian (big government) philosophies, others to free market. Some are political partisan hacks masquerading as economists, basing their insight on same. Hell, Nobel Prize-winning economist, Paul Krugman, proclaimed that the economy would crash and never recover based on a 2016 presidential election outcome. Bonk. Fast forward to current times, how many economic experts predicted massive inflation due to tariffs? Bonk. Today, there's supposedly a 40% chance of an economic recession. That's on par with three financial experts predicting that xyz shareprice will go up, down or stay the same. yawn...
Tariffs have absolutely raised prices and will continue to raise prices consumers are bearing something like 95% of the cost of the tariffs. There is analysis after analysis that shows this.
Last edited by SW17LS; Jan 28, 2026 at 08:18 AM.
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Lexus Fanatic
Joined: May 2012
Posts: 68,839
Likes: 4,107
From: Maryland
I understand. Just because inflation is not dramatically up does not mean that prices for specific goods that the tariffs are applied to are not up and that US consumers aren't paying the bulk of those tariffs. There is study after study that shows this. Look into it...with an open mind.
Last edited by SW17LS; Jan 28, 2026 at 08:46 AM.
CL Community Team
Joined: Feb 2007
Posts: 9,388
Likes: 621
From: IL
18 of the 21 components of CPI were not collected at all in October or November. Literally only fuel and vehicle prices were included.
In December BLS began reporting all components again, but the amount of data points that are imputed rather than actually collected has risen from its historically typical ~10% range that it maintained for many years up through February 2025, to 40% in December. BLS' own standards specify that at 50% imputation the overall report has zero value, and we're pretty close to that figure now.
In December BLS began reporting all components again, but the amount of data points that are imputed rather than actually collected has risen from its historically typical ~10% range that it maintained for many years up through February 2025, to 40% in December. BLS' own standards specify that at 50% imputation the overall report has zero value, and we're pretty close to that figure now.
Lexus Fanatic
Joined: May 2012
Posts: 68,839
Likes: 4,107
From: Maryland
Originally Posted by Chatanooga Phil
Reality check: Inflation rate fell YoY. GDP Q3 4.4% growth. Atlanta Feds believes Q4 will be 5.4% growth.
Below was the narrative: Bonk.
Below was the narrative: Bonk.
Just because you don't understand it doesn't mean its "bonk" lol. See above from someone who understands.
Instructor
Joined: Jul 2025
Posts: 1,086
Likes: 202
Yet people deny that it's a COL decrease, $2 gas..cracks me up. If everyone would just shut up and let ****/transportation/logistics/optics catch up, food will start coming down too when it costs half of what it did to bring it to stores. It just takes time. Get energy down, things follow.
Regular is $2.15 here.
Regular is $2.15 here.
The US is recovering from the prior 4-year period of horrific energy policy (actually less than 4 years because things got so bad they had to reverse some policies). Morons screwed things up so bad that they were depleting America's strategic petroleum reserves in an effort to mask the results of their idiocy. sigh...
Last edited by ChattanoogaPhil; Jan 28, 2026 at 10:18 AM.
Instructor
Joined: Jan 2025
Posts: 805
Likes: 121
As for tariffs being completely paid for by the consumer, that has been proven to ABSOLUTELY FALSE. Some companies have in fact absorbed some or all of the tariffs on their imported goods. Companies do so to keep prices competitive to avoid losing customers. GM wrote off $1B on their P&L instead of passing it off to consumers. A recent article in the New York Times (they have economist that study economics so they know everything, right?) states data shows that only 37% of the tariffs were pass on to consumers in 2025.
Lexus Fanatic
Joined: Nov 2011
Posts: 35,491
Likes: 386
From: ON/NY
Speaking of hacks. This guy.
As for tariffs being completely paid for by the consumer, that has been proven to ABSOLUTELY FALSE. Some companies have in fact absorbed some or all of the tariffs on their imported goods. Companies do so to keep prices competitive to avoid losing customers. GM wrote off $1B on their P&L instead of passing it off to consumers. A recent article in the New York Times (they have economist that study economics so they know everything, right?) states data shows that only 37% of the tariffs were pass on to consumers in 2025.
As for tariffs being completely paid for by the consumer, that has been proven to ABSOLUTELY FALSE. Some companies have in fact absorbed some or all of the tariffs on their imported goods. Companies do so to keep prices competitive to avoid losing customers. GM wrote off $1B on their P&L instead of passing it off to consumers. A recent article in the New York Times (they have economist that study economics so they know everything, right?) states data shows that only 37% of the tariffs were pass on to consumers in 2025.