Two Things - Coffee and Gasoline

SWR

Single-Sixer
Joined
Apr 11, 2004
Messages
299
City & State/Province
Florida
Why ????

Coffee was $8 a big can 1 year ago, now its $16. Why ?

Gasoline 3 weeks ago in my area was $2.11, today its $3.29.
The war ??? Industry people report that we currently use very little if any middle eastern oil for domestic gasoline so why are we jacked on this ? I think we are getting gouged by big oil
 
AND. Why does the price of gasoline take about 10 minutes to go up but 2 weeks to go down?
Any excuse is good enough if you want todo something.

I think the slow downward proce reflects the high priced stuff still in the martket. And a a bit of becuase we can.
 
Why ????

Coffee was $8 a big can 1 year ago, now its $16. Why ?

Before Biden-flation, a 24 oz can of Maxwell House was $4.99 on sale. I'd buy about ten cans and stash them in the basement. Then it went to $6.99, then $9.99, $12.99, $16.99, and now, on sale, $19.99.

I did score some Folger's at $12.99.

Ground beef used to be $1.99 a pound on sale. Now it's $4.99 on sale.

Sadly, the price of most appliances hasn't gone up so my pay has stagnated.
 
AND. Why does the price of gasoline take about 10 minutes to go up but 2 weeks to go down?
The federal government, that's why.
Oil companies once owned oil from the ground to your tank. Then the feds decided that wasn't right and mandated changes.
Now one company produces the oil, pays taxes and makes a profit. Then another company pipelines it, makes a profit and pays taxes. Another refines it, makes a profit and pays taxes. The station sells it to you, makes a profit and pays taxes. And you the consumer pay even more taxes.
Every step in the process results in more taxes.
 
I can remember that during WW2 gas prices did not go up but gas was tightly rationed. Depending on your line of work also decided just how mayny ration stamps you got. If you had an ordnary job like store clerk tou got a limited amount of stamps. If your job was vital to the war effort you got more stamps, again depending how vital. My dad was a foreman on San Francisco's docks and was allowed the maximum amount but I don't remember what the exact amount was. Something like 10 gallons a week. Where he made out was much of the stuff going into the Pacific theater of war ran on gasoline and all the jeeps, trucks etc had to have their tanks drained dry prior to being sipped out. They were told to just dispose of it anyway they could. They did too, right into the tanks of their own vehicles. All the local upper executives got their share as well. At week's end he would bring a couple of Jerry cans home for my Grandfather's car. Come to think of it, lots of stuff got stamps stuck on ration cards including meat, butter and again I don't remember what else.
Even ammo was scarce. At best, if you had a connection you could get.22 LR which was rationed to out to farmers to protect valuable crops from varmints. Ranchers could get ,22LR to save alfalfa and hay fields from varmints and 30-30 ammo to use on predators.
Frankly, I think in some ways we had it it better back then than now.
Paul B.
 
The stock market & oil speculators drive the prices. THEY will get their percentage of a profit any way & as often as they can. Have a crisis,, and even if we don't get supplied by that area,, they "speculate" & create a false sense of a shortage & immediately drive up the prices to allow them a bigger profit.
 
Oil is sold on the world market (not a USA Market). It gets sold at the price that market dictates. Less oil in the world with the same demand raises prices. It's not some mystery, its just how things work.

If the US didn't raise prices, we'd be out of oil because the oil would get sold to places paying more.
 
It's called GREED, and they don't care..............
If you have a car for sale and you want $1000 but your neighbor offers you $900 and a guy at work offers you $1100, who is going to get that car?

I think WE ALL KNOW who that will be.

Well gasoline and oil are just the same as cars and coffee.

They don't exactly grow coffee in the field out behind the high school ya know. No body would drink it if they did any way.
 
Why ????

Coffee was $8 a big can 1 year ago, now its $16. Why ?

Gasoline 3 weeks ago in my area was $2.11, today its $3.29.
The war ??? Industry people report that we currently use very little if any middle eastern oil for domestic gasoline so why are we jacked on this ? I think we are getting gouged by big oil
Tariffs on coffee!
 
Prices rise and fall but the media hyping the price increases are nothing but political activists. Gas was over $4 under Biden and hardly a mention of this was heard in the mainstream media, but now at $3.50 under Trump its as if the world is coming to an end.

I think things will be getting a lot worse before they get better. Iran is seemingly a tougher nut to crack than what the Trump administration expected. And the American people are not convinced that Iran was actually a serious threat to the U.S., and likely will not support a long and troop heavy war. If we cannot achieve greater military success in Iran by opening up the Gulf of Hormuz and essentially eliminated Iran's ability to send drones and missiles against its neighbors, prices will climb and the Democrats will ride that to victory in November.
 
I don’t drink coffee, and don’t mind seeing my monthly oil royalty checks increasing…even though it’s just a temporary situation.
But, does your royalty increase off set the gasoline increase?
And remember, when the base price of oils goes up, so does the amount of taxes paid all along the supply chain.
 
Why ????

Coffee was $8 a big can 1 year ago, now its $16. Why ?

Gasoline 3 weeks ago in my area was $2.11, today its $3.29.
The war ??? Industry people report that we currently use very little if any middle eastern oil for domestic gasoline so why are we jacked on this ? I think we are getting gouged by big oil
They will tell (usually) you weather in the areas where coffee is grown. The increase in transport costs aka $3.29 for gas and whatever for diesel. Then there are tariffs
AND. Why does the price of gasoline take about 10 minutes to go up but 2 weeks to go down?
Simple, (they will tell you) gas is going up, they paid a $1/gallon for what is in the underground storage tanks when it went up they are going to pay $2/gallon, or more, when they refill the storage tanks. Then when it drops (wait for it) the gas in the storage tanks cost them $2 +/gallon, so until the refill they have to charge the $3.27 the SWR reported to make money, never mind we raised it to $3.29 while re still had the gas in the tanks that we were selling for $2.11, because we lost money when we refilled the tank after it went up to $3.27. This is also known as greed. Also, I have been told that gas stations are told what to charge by their supplier.
 
But, does your royalty increase off set the gasoline increase?
And remember, when the base price of oils goes up, so does the amount of taxes paid all along the supply chain.
Well yes it does - An additional $75K - $200K annual windfall is a positive in my “middle class” case.
For my brother (upper 5%)….. not so much because of taxes.

Most all of mine (after the quarterly taxes) goes into CDs anyway…..and occasionally some to the LGS. 😁
 
Many states have a “progressive” gas tax, the more prices increase, the more tax money they get. The blue city/state liberals will whine about President Trump while greedily raking in the extra taxpayer money.
 
I recall customers complaining that gas was 3 cents a gallon more expensive at the beach back in the early 70s at my first job at the Union 76 across the street from the bus station in San Clemente.
.33 a gallon leaded and I heard about it every weekend.
I didn't drink coffee then , I was 14 .
 
But, does your royalty increase off set the gasoline increase?
And remember, when the base price of oils goes up, so does the amount of taxes paid all along the supply chain.
When it all settles down (hopefully sooner rather than later), the oil prices should stabilize around $65 - $70/barrel.
Not too much, not too little.
This $90 - $100/barrel crazyness is ridiculous IMO, and hurts us all in the long run.
 
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Why ????

Coffee was $8 a big can 1 year ago, now its $16. Why ?

Gasoline 3 weeks ago in my area was $2.11, today its $3.29.
The war ??? Industry people report that we currently use very little if any middle eastern oil for domestic gasoline so why are we jacked on this ? I think we are getting gouged by big oil
I Agree. BIG OIL HATES TRUMP.
They want to punish us for electing Him.
Won’t they be Sad when we sweep the MIDTERMS!
 
I Agree. BIG OIL HATES TRUMP.
They want to punish us for electing Him.
Won’t they be Sad when we sweep the MIDTERMS!
Uh, you have that backwards. Big oil likes Trump. He's pushed to open up more domestic production among other things. OIl has been, since the 70's, a political football on the world stage.
 

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