Food costs eating into consumers' saving at the pump as holidays near

[dmcowen674]

Probably for the best.

Been looking around lately and a bunch of Americans look like they could stand to skip a few meals.

Did you ever think that maybe because us 99%ers have to eat MAC & Cheese at $2 Vs a chicken at $9?

 

[dmcowen674]

Drink milk for $5...Drink milk for $5...Drink milk for $5!

Well for the first time that I know in at least 5 years Milk is now more expensive than gas. Paid $3.19 for Milk and $2.85 for gas.

 

[xBiffx]

We have something, or at least can have something, that can effect the price of both food and gas but we continue to be stupid and stop it. It's called the Keystone Pipeline.

Not only would it allow for more efficient transport of oil, it would also allow us to put food (mostly corn) back on rail cars. Both would have positive impact on prices.

 

[dmcowen674]

We have something, or at least can have something, that can effect the price of both food and gas but we continue to be stupid and stop it. It's called the Keystone Pipeline.

Not only would it allow for more efficient transport of oil, it would also allow us to put food (mostly corn) back on rail cars. Both would have positive impact on prices.

110% all not true. It won't benefit the U.S. in any shape or form.

It will only put more money in the pockets of the Oil Thugs while raising gas prices on Americans especially the Midwest because the Oil will be going straight from the Shale deposits to the overseas Oil Refineries instead of the refineries in the Midwest.

Corn food was never in short supply due to the rail cars. The short supply was because of the drought a couple of years ago. The drought was broken this year and have a bumper crop of both feed and fuel corns.

So stop spewing lies and disinformation.

 

[brycejones]

3% for what people consider a staple? Eggs, beef, pork, chicken, bacon? More like 7% - 16% increases in those prices.

What do you suggest, everyone become a vegan? Aint gonna happen.

Last time I looked at a whole chicken at walmart it was around $9. Someone on minimum wage would have to work at least 2 - 3 hours just to provide one meal with a chicken and side dish.

And this is while a record number of people are receiving government assistance.

.

Still no takers for your tug jobs?

 

[OutHouse]

We have something, or at least can have something, that can effect the price of both food and gas but we continue to be stupid and stop it. It's called the Keystone Pipeline.

Not only would it allow for more efficient transport of oil, it would also allow us to put food (mostly corn) back on rail cars. Both would have positive impact on prices.

dude there are pipelines ALL OVER the place. one more is not going to make that much of a difference. and its canadian oil its transporting.

2 years ago i watched a crew near my house put in a new pipeline that was originating from the oil fields of wyoming and was going to central texas. I often wondered when i drove by their yard operation why this pipeline was not on the news smeared with politicians goo like the keystone pipeline. the only reason i could think was because it was not coming from Canada.

 

[xBiffx]

dude there are piplelines ALL OVER the place. one more is not going to make that much of a difference. and its canadian oil its transporting.

We are using rail to move more oil than corn. You change that to more corn than oil and it will surely change the price of both. Giving oil another mode of transportation mitigates the negative impact of that change.

Also, you can move inputs to get that corn, such as fertilizer, using that same rail.

 

[Texashiker]

Still no takers for your tug jobs?

Nope.

There are two companies I am calling every week. Hopefully something will open up.

 

[Victorian Gray]

Still no takers for your tug jobs?

Inflation?

 

[Fern]

Lol. Who knew that posting actual food price inflation numbers was a deflection?

Unless you meant a deflection away from the whining of ignorant people.

It's not "actual food price inflation". It's the govt's number calculated they way they want for their own purposes.

I do the grocery shopping for my family. I'll believe my own eyes and what I can see over a damn govt chart any day.

Fern

 

[fskimospy]

It's not "actual food price inflation". It's the govt's number calculated they way they want for their own purposes.

I do the grocery shopping for my family. I'll believe my own eyes and what I can see over a damn govt chart any day.

Fern

Oh good, more inflation trutherism. This ignorant nonsense gets really tiresome.

Let's put it this way, I'll base my understanding of food inflation on a transparently calculated, comprehensively compiled figure that conforms to international standards whose results are validated by external sources over what Fern thinks about his grocery bill.

Your mileage may vary of course.

 

[Londo_Jowo]

110% all not true. It won't benefit the U.S. in any shape or form.

It will only put more money in the pockets of the Oil Thugs while raising gas prices on Americans especially the Midwest because the Oil will be going straight from the Shale deposits to the overseas Oil Refineries instead of the refineries in the Midwest.

Corn food was never in short supply due to the rail cars. The short supply was because of the drought a couple of years ago. The drought was broken this year and have a bumper crop of both feed and fuel corns.

So stop spewing lies and disinformation.

Maybe you should heed your own advice and stop spewing lies and disinformation as most of the Keystone Pipeline has been completed and in service which includes a smaller capacity pipeline from Canada. The Houston lateral cut will be complete and online in the first half next year. Gas prices were less this year than they were in 2013, according to your BS they should have been higher due to the pipeline being online.


http://en.wikipedia.org/wiki/Keystone_Pipeline#mediaviewer/File:Keystone-pipeline-route.png

 

[TheSlamma]

uh oh, someone has never seen Europe food and gas prices before have they

 

[Fern]

uh oh, someone has never seen Europe food and gas prices before have they

Aside from gas, those seem to me more a function of exchange rate fluctuation.

Gas (or petrol as they like to say) is heavily burdened by taxes.

Other than some countries like Norway, food prices were pretty reasonable when I lived there.

Fern

 

[Texashiker]

Inflation?

The economy sucks.

One HR person told me they got 800 application in just a few days, and that was just for a couple of open positions.

Let's put it this way, I'll base my understanding of food inflation on a transparently calculated, comprehensively compiled figure that conforms to international standards whose results are validated by external sources over what Fern thinks about his grocery bill.

In other words, you do not know what is going on in the real world.

I'll give you an example. Walmart used to have canned refried beans for 75 cents a can. Now they are something like $1.10 a can.

That is at least a 25% price increase in just 2 years.

 

[fskimospy]

In other words, you do not know what is going on in the real world.

I'll give you an example. Walmart used to have canned refried beans for 75 cents a can. Now they are something like $1.10 a can.

That is at least a 25% price increase in just 2 years.

No, in other words I know that this kind of argument is basically the economics equivalent of "there can't be global warming because it's cold outside today".

Single observations are useless in determining overall inflation. This is stats 101.