35 ms·
I think the talk was significant inflation, because everything will cost more. And it does.
by zug_zug 9mo ago
I think the talk was significant inflation, because everything will cost more. And it does.
- sejje 9mo agoMy costs are falling. I buy a lot of groceries for my business, so I have decent records. Beef is way up, though. Gas is way down as well.
- cmrdporcupine 9mo agoOil prices have fallen. And likely will through the rest of the year. And the US conspicuously didn't apply tariffs on oil from Canada (while simultaneously saying "we don't need anything from Canada" and threatening our sovereignty and tariffing everything else) which is a huge amount of imports into the US. Oil prices down isn't necessarily a good thing for an oil exporter like the US though. In aggregate. If the US had actually applied tariffs on Canadian oil your gas pump prices would be up very significantly.
- caminante 9mo agoReally? Canadian crude imports are about 20-25% of crude feedstock for gasoline in the US. Put a 10% import tax on top. Keeping things the same, that's <5% increase in domestic wholesale prices.