January PPI inflation is 10% YOY….ouvh

[ColonelAngus]

Just saw this on the news.

U.S. producer prices accelerate amid broadening inflation pressures

U.S. producer prices increased by the most in eight months in January amid a surge in the cost of hospital outpatient care and goods such as food and motor vehicles, another sign that high inflation could persist through much of this year. Broadening inflation pressures were underscored by...

finance.yahoo.com

If it costs more to make stuff, I wonder if prices will still increase?

 

[jbrownson0831]

Just saw this on the news.

U.S. producer prices accelerate amid broadening inflation pressures

U.S. producer prices increased by the most in eight months in January amid a surge in the cost of hospital outpatient care and goods such as food and motor vehicles, another sign that high inflation could persist through much of this year. Broadening inflation pressures were underscored by...

finance.yahoo.com

If it costs more to make stuff, I wonder if prices will still increase?

Gas went up 12 cents over the weekend too.

 

[two_iron]

Take it from me, I've been in the O&G business for 35 years. It's good for me, my company makes downhole pipe recovery tools, but you are NOT going to like what you see at the gas pump as long as this stuttering shit clown and his handlers are in charge. It's going to get worse..... much worse.

 

[busybee01]

Take it from me, I've been in the O&G business for 35 years. It's good for me, my company makes downhole pipe recovery tools, but you are NOT going to like what you see at the gas pump as long as this stuttering shit clown and his handlers are in charge. It's going to get worse..... much worse.

Biden has nothing to do with this. US oil producers are deliberately keeping oil supplies low to keep prices high. In Daudi Arabia, the government run oil company determines how much oil will be pumped. The US needs to consider this model.

 

[ColonelAngus]

Biden has nothing to do with this. US oil producers are deliberately keeping oil supplies low to keep prices high. In Daudi Arabia, the government run oil company determines how much oil will be pumped. The US needs to consider this model.

You are lying.

 

[Turtlesoup]

Take it from me, I've been in the O&G business for 35 years. It's good for me, my company makes downhole pipe recovery tools, but you are NOT going to like what you see at the gas pump as long as this stuttering shit clown and his handlers are in charge. It's going to get worse..... much worse.

Trump could be put back in tomorrow----and it will not stop the horror we will see over the next year and longer of the damage that Biden and his corrupt communist administration have already done. Biden is the worse president in history already.

 

[Harpy Eagle]

You are lying.

Yes he is, US oil production is up 16% since last Feb.

 

[ColonelAngus]

Yes he is, US oil production is up 16% since last Feb.

View attachment 601694

The poster said supply and not production…who knows.

 

[Harpy Eagle]

The poster said supply and not production…who knows.

True, it could be they are hoarding supply somewhere. Or it could be that demand is rising faster than supply

 

[two_iron]

Biden has nothing to do with this. US oil producers are deliberately keeping oil supplies low to keep prices high. In Daudi Arabia, the government run oil company determines how much oil will be pumped. The US needs to consider this model.

Who told you to think that? No doubt, some communist America-hater. The energy policies of The.Stuttering.Shit.Clown™ dictate the pricing.

 

[ColonelAngus]

Biden is doing one hell of a job…you are 81 million really smart motherfuckers.

The world owes you a debt of gratitude for making world a better place for everyone.

You communists who voted for Biden are definitely smarter than I am.

 

[BluesLegend]

Biden has nothing to do with this.

Liar. All Bidens anti oil policies and decisions have nothing to do with the price of gas? What are you smoking with your crack?

 

[Brain357]

Liar. All Bidens anti oil policies and decisions have nothing to do with the price of gas? What are you smoking with your crack?

Its determined by markets. Gas is up all over the world…

 

[22lcidw]

Its determined by markets. Gas is up all over the world…

Markets interfered with by governments. Housing and energy need to collapse.

 

[TheGreatSatan]

You are lying.

Democrats are liars. They want high gas prices to fight climate change. They do everything they can to make it more expensive.

If a Democrat tells you they want to see gas prices go down, tell that lying pos to kill itself.

 

[BluesLegend]

Its determined by markets. Gas is up all over the world…

You lie. Yes I think that covers it.

 

[Nostra]

More evidence Veggie Joe is the worst President in history.

 

[Moonglow]

Don't quit your day job as a janitor to be an economics genius since you can't figure out how markets work.

 

[Nostra]

Just saw this on the news.

U.S. producer prices accelerate amid broadening inflation pressures

U.S. producer prices increased by the most in eight months in January amid a surge in the cost of hospital outpatient care and goods such as food and motor vehicles, another sign that high inflation could persist through much of this year. Broadening inflation pressures were underscored by...

finance.yahoo.com

If it costs more to make stuff, I wonder if prices will still increase?

Nope, cuz I had a Dimwinger one this board a while back tell me the cost to make stuff has no bearing on how much it costs to buy.

 

[struth]

Biden has nothing to do with this. US oil producers are deliberately keeping oil supplies low to keep prices high. In Daudi Arabia, the government run oil company determines how much oil will be pumped. The US needs to consider this model.

hahaha yeah those same private companies are doing this on purpos! we need to nationalize the energy sector! hahaha because that’s worked out well for places like Venezuela