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It's a relief to see actual price drops in fuel and transport services hit before the end of the Summer travel season. Barring additional oil disruption, we ca
by evrydayhustling 4y ago
It's a relief to see actual price drops in fuel and transport services hit before the end of the Summer travel season. Barring additional oil disruption, we can hope to see other prices (e.g. food) correct -- or at least stop growing so fast -- at a lag.
- dwighttk 4y agoFood might have other issues that keep it from becoming nicer to the consumer
- partiallypro 4y agoPrices are sticky, food prices won't be coming down much, if at all. It's not a constant consumer market fluctuation like oil/gas.
- grumple 4y agoCompetition for food sales is pretty high though. If sales go down, or someone sees a chance to take market share, prices will come down.
- dereg 4y agoIt's worth nothing that China, the world's largest consumer of jet fuel, has yet to restart its tourism machine, which will increase demand.
- peteey 4y agoFuel cost is down in part due to releasing oil from the US Strategic Petroleum Reserve. The release will stop in October. https://www.energy.gov/articles/doe-issues-fifth-emergency-notice-sale-crude-oil-strategic-petroleum-reserve https://www.energy.gov/articles/doe-issues-fifth-emergency-n...
- Kye 4y agoThat's around the same time gas stations switch to cheaper winter-grade fuel and demand drops, so maybe the price drop will stick.
- jusonchan81 4y agoIt’s purely anecdotal but me and a bunch of people I know reduced driving quite a bit since the prices went up. Is it possible that the demand went down? Could the recent price movements be partially attributed to the demand supply paradigm?