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Gas Prices Skyrocketing

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yeah food prices are crazy right now. I just noticed them hitting the customer at local restaurants, where they are advertising a 15% hike in prices for this reason.

looks like I'll have to splurge on the maltier beers to replenish those lost meat calories for a little while!
 
hal2kilo said:
If you really want to bitch about price gouging. Choice ribeye steak was $13.99 a pound at Costco today. That about $3 dollar a pound more than it was about 10 days ago.
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Blame Trump—he signed an EO keeping meat packing plants open (risking 100s of rural communities with worsening infection rates) all so that company executives could send record shipments of meat to China. Our supply is now constrained not because plants aren’t operating, but because China is paying top dollar to make up the difference from their domestic production being impacted.
 
emperus said:
I have a different take on this. I still do blame Biden and the Dems. Why do they let the Gas companies get away with it? There should have been a windfall profit tax already. Oil/Gas is an inelastic good, there should be price regulations and such on it.
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By what magical method would this have made it through congress in the last 15 years?
 
emperus said:
I have a different take on this. I still do blame Biden and the Dems. Why do they let the Gas companies get away with it? There should have been a windfall profit tax already. Oil/Gas is an inelastic good, there should be price regulations and such on it.
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How would they have gotten that through the Senate??
 
emperus said:
I have a different take on this. I still do blame Biden and the Dems. Why do they let the Gas companies get away with it? There should have been a windfall profit tax already. Oil/Gas is an inelastic good, there should be price regulations and such on it.
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Even in the unlikely event our Congress DID manage to put the American people ahead of their corporate masters, those oil companies would just pass the tax along to us in the form of higher gas prices..
 
BoomerD said:
Even in the unlikely event our Congress DID manage to put the American people ahead of their corporate masters, those oil companies would just pass the tax along to us in the form of higher gas prices..
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Yeah, I'm comfortable with some price controls on inelastic goods esp. from companies that receive handouts.
 
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