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How much did you pay for gas and groceries today?


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16 hours ago, Big Blitz said:

Supermarket today just for ingredients for Chili:

 

8 cans store brand whole peeled tomatoes 

 

6 different types of peppers - like 6 green bell; a handful of some others.  5 red peppers.   

 

5 yellow onions.

 

Garlic - I buy the already peeled in a bag its $3.99.  Worth it to not peel...

 

2 bags of chips.  Hersheys chocolate syrup. 

 

Thats it. 

 

$78 

wheres-the-beef.jpg

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Two weeks ago gas here $4.19 today $4.70 , and that's with 1M barrel a day from reserve. Have a 14 year old Chevy Cobalt , went to the Chevy dealer no small cars or Electric just expensive pickups and SUV . Asked the salesman what's going on don't car companies have to meet high gas mileage average ?  Nope Trump did away with that gas saving nonsense,  a lot more profit selling trucks and the big SUV with the chip shortage . 

 

Trump administration rolls back Obama-era fuel efficiency standards  03/31/20 

https://thehill.com/policy/energy-environment/490318-trump-administration-rolls-back-obama-era-fuel-efficiency-standards/

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Record diesel prices, tight supplies could be next blow to the US economy

Leading energy economist Phil Verleger worries that the tight supply could send the average US price of diesel to $10 a gallon by the end of the summer, up from its current record average price of $5.56, according to AAA. Diesel prices that high could put the brakes on the US economy, he said.

 

The average price of diesel has soared to between $7.27 and $8.95 a gallon across Western European countries, and it isn't much cheaper in most of Eastern Europe.


Those high prices have prompted a huge surge in exports of diesel to Europe from US and Canadian refineries that would normally be supplying US truck stops and trucking companies. Exports of US diesel to Europe since the start of April are up 36% compared to the same period a year ago, according to the US Energy Information Administration.

 

Oil refineries are making as much diesel, and similarly expensive jet fuel, as possible with the oil they have, which is driving up the price of gasoline. But there is less US and Canadian refining capacity today than there was before the pandemic, as some refineries closed permanently, and others are being converted to refine renewable fuels rather than crude oil

 

All these factors mean that the supplies of diesel are very tight, particularly in the Northeast, where the EIA said the inventories are at a record low based on data that goes as far back as 1990.

 

https://www.cnn.com/2022/05/12/energy/record-diesel-prices/index.html

 

So exporting diesel from US to Europe to make a higher profit and drives up price of gasoline here , way to go big oil.

 

Maybe big oil can ask for even more oil from the strategic reserve so they can export even more at a big profit.

Edited by ALF
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