alphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 1 year agoGlobal inflation fears as oil price rises towards $100 a barrelwww.theguardian.comexternal-linkmessage-square43fedilinkarrow-up1172arrow-down15
arrow-up1167arrow-down1external-linkGlobal inflation fears as oil price rises towards $100 a barrelwww.theguardian.comalphacyberranger@sh.itjust.works to World News@lemmy.worldEnglish · 1 year agomessage-square43fedilink
minus-squareTWeaK@lemm.eelinkfedilinkEnglisharrow-up65·1 year agoHaven’t we had oil at $100 a barrel before, and not that many years ago? And yet fuel and energy prices were lower. It’s almost as if the price the consumer pays has absolutely nothing to do with cost.
minus-squareCheems@lemmy.worldlinkfedilinkEnglisharrow-up32·1 year agoYeah, but how are they supposed to keep record profits when their costs are so high. /s
minus-squareDiagnosedADHD@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoI imagine everything else became more expensive too, labor, shipping, processing, etc
minus-squareJasSmith@kbin.sociallinkfedilinkarrow-up6arrow-down6·1 year agoIt’s actually pretty well correlated once you remove state taxes, which have increased significantly in some states like California. Mississippi gas, for example, is cheaper now than 2010, with respect to crude prices and discounted for inflation.
minus-square𝔼𝕩𝕦𝕤𝕚𝕒@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·edit-21 year agoGas was $100 a barrel under Bush. It was like $2 a gallon. Dad said “Jesus criminey were not going anywhere for a week!” V.V I paid 3.75 a gallon 3 days ago.
minus-squareminorcoma@lemmy.worldlinkfedilinkEnglisharrow-up7·1 year agoI remember seeing $5/gal under Bush. His last year had an average of $3.30 and peaked over $4… https://www.yahoo.com/lifestyle/gasoline-prices-fared-under-last-190000869.html
minus-squareGreenBottles@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·1 year agoyeah gas hasn’t been $2 a gallon for quite a long time in the United States
minus-squareSqueak@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoUK prices are currently around $7/gallon (US). You guys have it good!
minus-squareAnUnusualRelic@lemmy.worldlinkfedilinkEnglisharrow-up3·1 year agoFrom a European pov, petrol has been almost free for the longest time in the US.
minus-squareJasSmith@kbin.sociallinkfedilinkarrow-up2arrow-down1·1 year agoWhich state? $2 in 2001 is worth $3.46 today thanks to inflation.
Haven’t we had oil at $100 a barrel before, and not that many years ago? And yet fuel and energy prices were lower.
It’s almost as if the price the consumer pays has absolutely nothing to do with cost.
Yeah, but how are they supposed to keep record profits when their costs are so high. /s
I imagine everything else became more expensive too, labor, shipping, processing, etc
this user gets it
It’s actually pretty well correlated once you remove state taxes, which have increased significantly in some states like California. Mississippi gas, for example, is cheaper now than 2010, with respect to crude prices and discounted for inflation.
Gas was $100 a barrel under Bush. It was like $2 a gallon.
Dad said “Jesus criminey were not going anywhere for a week!”
V.V I paid 3.75 a gallon 3 days ago.
I remember seeing $5/gal under Bush. His last year had an average of $3.30 and peaked over $4… https://www.yahoo.com/lifestyle/gasoline-prices-fared-under-last-190000869.html
yeah gas hasn’t been $2 a gallon for quite a long time in the United States
UK prices are currently around $7/gallon (US). You guys have it good!
From a European pov, petrol has been almost free for the longest time in the US.
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Which state? $2 in 2001 is worth $3.46 today thanks to inflation.