The Definitive Inflation vs Deflation Debate and What to do About It Thread

212 posts / 0 new
Login or register to post comments
Last post
Wed, Mar 14, 2012 - 3:27pm
(Reply to #211) #212
Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
0
Vote Up!
On This Day In History.... Gas Prices Have Never Been Higher

joemanc wrote:

JAG wrote:

In the summer of 2008 I was payed $3.98/gal in June, $4/gal in July, and $3.71/gal in August. It was these rising prices, and all the "peak oil is here" talk in the blogosphere that made me start keeping track of the prices in the first place.

Yesterday, I paid $3.55/gal, which is close to 2008 prices but still below them. Gas is cheaper on the Gulf Coast because all the refineries are here, but I would happily pay more for gas if I didn't have to live with refineries in the area.

Your argument is somewhat correct, but also flawed in my view. You earlier mentioned that your dollar buys more gas now than it did in 2008. Correct. But knowing you like to hold on to cash, let's say you banked away 10K in cash from your business in 2009 and left it in cash, earning we'll say a paltry .5% interest. How much gas is that 2009 cash buying today? Same thing with cash in 2010...and 2011...I'm not saying cash is bad and gold is great...I own both in somewhat equal amounts, but I hands down favor gold longer term as a store of wealth.

As far as property taxes...wow, I am jealous...will never see that happen here.

And maybe I need to shop at BJ's for pistachios'...Costco raised the price of a bag from $13 to 16, while dropping the size from 4 to 3 lbs about 2 years ago and I haven't eaten pistachios since.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
‹ Previous topic: The Fourth Turning Next topic: Is there hope for a young college student like me? ›
Login or Register to post comments