Current events discussion

[Jimi77 Premium Member]

It was post #407.

As for gas prices, I'm not sure where you got your prices at. Also, when you look at gas prices that affect the cost of goods, you need basically look at the cost of diesel. Due to the cost of diesel, these prices soar through the roof in areas where goods are shipped farther distances. For example, if you look at the average cost of these same items, the prices will double. Our diesel, out here in Cali, was over $7 at last year. Some stations were over $8. Last summer, I was paying over $30 for a flat of eggs. During Trump, they were around $8.

You want some facts? Here you go! You can check other legit sites, and the numbers come out the same.

2020 vs 2023. Some were 2022 due to data.

Diesel Prices: $2.585 vs $3.854 = 49% increase

U.S. No 2 Diesel Retail Prices (Dollars per Gallon)

Egg prices: $1.51 vs $2.86 = 89% increase

Egg Prices Adjusted for Inflation | US Inflation Calculator

In April, the average price of one dozen Grade A eggs was $2.25, representing a 4.2% decrease from the March price of $2.348, data released May 12, 2026, by the U.S. Labor Department's Bureau of Labor Statistics (BLS) showed. Over a longer period and averaging the BLS's monthly pricing data, the...

www.usinflationcalculator.com

Ground Beeg: $4.63 vs $5.47 = 32% increase

Ground beef price inflation, 1943→2026

This calculator uses the official Consumer Price Index for Ground beef from the U.S. Bureau of Labor Statistics. Ground beef costing $6.63 in 1943 would cost $156.48 in 2026.

www.in2013dollars.com

Bread prices: $1.538 vs $2.033 = 32% increase

Average Price: Bread, White, Pan (Cost per Pound/453.6 Grams) in U.S. City Average

All white pre-packaged regular bread regardless of size. Includes frozen and fresh bread.

fred.stlouisfed.org

Milk Prices: $3.318 vs $4.091 = 23% increase

Milk Prices Adjusted for Inflation | US Inflation Calculator

The average price for a gallon of milk was $4.136 in April, compared to $4.067 in March, according to data published May 12, 2026, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Over a longer period and averaging the BLS's monthly pricing data for milk -- fresh, whole and...

www.usinflationcalculator.com

Here's the big ones!
Inflation Rates: 1.4% vs 3.1% = 121% increase

Current U.S. Inflation Rates: 2000-2026

The annual inflation rate in the United States was 3.8% for the 12 months ending April, up from 3.3% previously, according to U.S. Labor Department data released May 12, 2026. The next update is scheduled for June 10 at 8:30 a.m. ET and will cover the 12 months ending May. Below is a chart and

www.usinflationcalculator.com

Federal Interest Rates: 0.37% vs 5.33% = 1341% increase

Fed funds rate level in the U.S. 1990-2025| Statista

The federal funds rate declined further in 2025 as the Federal Reserve continued its policy easing cycle.

www.statista.com

So you think Biden is responsible for diesel prices? Interesting take. US petro & diesel production are at all time highs. Not that I give Biden credit for increased production. OPEC isn't cooperating as they used to, Russia is "greylisted" in the global petro market. I'm sure the war in Ukraine burned as ton of diesel. I'm not sure if you're also blaming Biden for Fed Funds rates, but I don’t think either Trump or Sleepy Joe are calling the shots ar the Fed, nor do I believe near 0% rates are good for the economy/Central banking system.

 

[YourNameHere 10+ year member]

 

[ThxOne Premium Member]

What does production being at an all time high have to do with the price of tea in China... high production isn't lowering our cost for fuel or diesel.

 

[RobGMN Premium Member]

What does production being at an all time high have to do with the price of tea in China... high production isn't lowering our cost for fuel or diesel.

Right. Because supply and demand has NOTHING to do with prices.
How did you phrase it? "We have heard this same global market and supply and demand shit in this forum too. This administration, plain and simple, will not accept ANY responsibility..."

In January of this year, the average price of gas in the US was $3.08. The average real price of gas for 2019 was over $3.00 per gallon (from $3.08 to $3.11 per gallon).

Sure seems that the increase in supply could have an effect on prices, huh?

But I'm no economist. I'll let the pros say it, and then you can tell us how and why they are wrong, and that you are paying more for gas today than you did on average in 2019:

Why gas prices are going down around the US and where it's the cheapest

The national average price for a gallon of gas is going down in the U.S. with Tuesday's national average at just $3.14, according to AAA.

www.courier-journal.com

Great story, except when the loan is based on bullsh*t, and he defaults when the business goes bankrupt.
*cough* Trump University; Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009) *cough*

 

[YourNameHere 10+ year member]

 

[YourNameHere 10+ year member]

 

[ThxOne Premium Member]

Right. Because supply and demand has NOTHING to do with prices.
How did you phrase it? "We have heard this same global market and supply and demand shit in this forum too. This administration, plain and simple, will not accept ANY responsibility..."

In January of this year, the average price of gas in the US was $3.08. The average real price of gas for 2019 was over $3.00 per gallon (from $3.08 to $3.11 per gallon).

Sure seems that the increase in supply could have an effect on prices, huh?

But I'm no economist. I'll let the pros say it, and then you can tell us how and why they are wrong, and that you are paying more for gas today than you did on average in 2019:

Why gas prices are going down around the US and where it's the cheapest

The national average price for a gallon of gas is going down in the U.S. with Tuesday's national average at just $3.14, according to AAA.

www.courier-journal.com

View attachment 56892

Seriously, shut up!!!! It will SLOWLY drop over two weeks to a month at pennies a day or less. Then when it gets to a more reasonable price it will jump back up in one day 40 - 74 cents. Right back where it started from and in many cases, higher than where it started from. What comes along with that jump? Some kind of problem that the US is causing or sticking it's nose in with some other country.

By the way moron, the "demand" is always there.

 

[ThxOne Premium Member]

Hey Rob, tell me how much higher gas was in Minnesota when Trump was President as apposed to your leader Biden. Also... who was that before Trump? Tell me how much higher gas prices were under Trump as apposed to Obammalamma.

Weekly Minnesota Regular Conventional Retail Gasoline Prices (Dollars per Gallon)

 

[RobGMN Premium Member]

Hey Rob, tell me how much higher gas was in Minnesota when Trump was President as apposed to your leader Biden. Also... who was that before Trump? Tell me how much higher gas prices were under Trump as apposed to Obammalamma.

Weekly Minnesota Regular Conventional Retail Gasoline Prices (Dollars per Gallon)

Pick a month or five, I'll tell you exactly what you want to know.
But a few tidbits:
In 2019 the national real average price of gas was $3.08-$3.11 per gallon. Today in MY region, it's around $2.73, but the national average for last month was $3.08.

The average real price of gas in the US for 2015 was $3.21. In 2016 it was $2.82

And before you get stupid with your argument (like you tried with the beef discussion), all prices are averages for pump gas, not racing fuel one year, but ethanol-mix another year

Seriously, shut up!!!! It will SLOWLY drop over two weeks to a month at pennies a day or less. Then when it gets to a more reasonable price it will jump back up in one day 40 - 74 cents. Right back where it started from and in many cases, higher than where it started from. What comes along with that jump? Some kind of problem that the US is causing or sticking it's nose in with some other country.

By the way moron, the "demand" is always there.

I'm digging but I cannot find your proof that the economists are wrong about the current supply bump causing a drop in prices.
Was that covered by "Seriously, shut up!!!" or the irrelevant claim that it will SLOWLY drop over time by pennies or less? Maybe the statement "the demand is always there"?

No shit? People always need gas in the US? I had no idea. Does that mean there is always a SUPPLY too? That is effing WILD.
Tell us professor, do the levels of supply and demand change over time, or are they always the same?

Arguing with you is like shooting fish in a barrel. A barrel that is filled with nothing but fish.

Hurry up, get someone to post a hundred mems so the stupidity you put in your posts gets pushed back several pages while you hope everyone forgets it, or doesn't see it at all.

 

[ThxOne Premium Member]

Pick a month or five, I'll tell you exactly what you want to know.
But a few tidbits:
In 2019 the national real average price of gas was $3.08-$3.11 per gallon. Today in MY region, it's around $2.73, but the national average for last month was $3.08.

The average real price of gas in the US for 2015 was $3.21. In 2016 it was $2.82

I asked you about Minnesota. I gave you a link to the prices in Minnesota. You know, where you buy gas for granny's car. The national average is irrelevant to what YOU PAY at your pumps in Minnesota. So, Was Trump higher than Oblamalama and Biden or was he lower in Minnesota?

 

[ThxOne Premium Member]

For the rest of us... Biden and Obama in Minnesota, during their presidencies, the price for gas was higher than Trump.

 

[RobGMN Premium Member]

For the rest of us... Biden and Obama in Minnesota, during their presidencies, the price for gas was higher than Trump.

No, that's not how it works, kid. When the national average changes, it's because of change everywhere.
I know math confuses you, so ask one of the other guys here who hates me, to tell you how averages work.
I've tried and you simply can't comprehend the simple concept.

I asked you about Minnesota. I gave you a link to the prices in Minnesota. You know, where you buy gas for granny's car. The national average is irrelevant to what YOU PAY at your pumps in Minnesota. So, Was Trump higher than Oblamalama and Biden or was he lower in Minnesota?

Ahhh, another of your COMPREHENSION issues. I pretty clearly asked you to tell me what data you want. As in
"Pick a month or five, I'll tell you exactly what you want to know.
But a few tidbits:
In 2019 the national real average price of gas was $3.08-$3.11 per gallon. Today in MY region, it's around $2.73, but the national average for last month was $3.08.
The average real price of gas in the US for 2015 was $3.21. In 2016 it was $2.82
And before you get stupid with your argument (like you tried with the beef discussion), all prices are averages for pump gas, not racing fuel one year, but ethanol-mix another year"
What words confused you? "pick"? "month"? "tell"?
Or did you get lost when they were all bunched up crazy-like in a sentence?

So, I'll say it again: "Pick a month or five, I'll tell you exactly what you want to know."

 

[ThxOne Premium Member]

No, that's not how it works, kid. When the national average changes, it's because of change everywhere.
I know math confuses you, so ask one of the other guys here who hates me, to tell you how averages work.
I've tried and you simply can't comprehend the simple concept.

Ahhh, another of your COMPREHENSION issues. I pretty clearly asked you to tell me what data you want. As in
"Pick a month or five, I'll tell you exactly what you want to know.
But a few tidbits:
In 2019 the national real average price of gas was $3.08-$3.11 per gallon. Today in MY region, it's around $2.73, but the national average for last month was $3.08.
The average real price of gas in the US for 2015 was $3.21. In 2016 it was $2.82
And before you get stupid with your argument (like you tried with the beef discussion), all prices are averages for pump gas, not racing fuel one year, but ethanol-mix another year"
What words confused you? "pick"? "month"? "tell"?
Or did you get lost when they were all bunched up crazy-like in a sentence?

So, I'll say it again: "Pick a month or five, I'll tell you exactly what you want to know."

No, it is how it works. It was more expensive in Minnesota under Biden and Obama than it was under Trump. You see, they keep track of the price of gas in every state Rob... including yours. Your little averages, real average price, national price, real national price sounds like a bunch of b.s. by a guy who doesn't want to admit that gas was cheaper for him in Minnesota when Trump was president. You can thank Trump for it and stop lying how much Biden is making the economy better. The way you speak about the economy you think that higher prices for everything is better.

 

[Old_Slapper]

So you think Biden is responsible for diesel prices? Interesting take. US petro & diesel production are at all time highs. Not that I give Biden credit for increased production. OPEC isn't cooperating as they used to, Russia is "greylisted" in the global petro market. I'm sure the war in Ukraine burned as ton of diesel. I'm not sure if you're also blaming Biden for Fed Funds rates, but I don’t think either Trump or Sleepy Joe are calling the shots ar the Fed, nor do I believe near 0% rates are good for the economy/Central banking system.

Okay. I am now on board with the other guys on here. You are delusional! You do research and only accept the parts that help your argument.

Remember, Biden is the one who pushed for a complete shutdown of the US, during COVID. That was the biggest driver for inflation, so yes... he is responsible for the higher costs. Now, you're going to claim that shutting down the country was to save lives, when the states that stayed open proved a shutdown wasn't necessary.

 

[Buck 5,000+ posts]

Okay. I am now on board with the other guys on here. You are delusional! You do research and only accept the parts that help your argument.

Remember, Biden is the one who pushed for a complete shutdown of the US, during COVID. That was the biggest driver for inflation, so yes... he is responsible for the higher costs. Now, you're going to claim that shutting down the country was to save lives, when the states that stayed open proved a shutdown wasn't necessary.

Shutting down the economy is safe and effective