inflation hits home........

When fuel went up last time, the food prices went up. They NEVER went back down when fuel did. NOW they are going up even MORE, when fuel hits high again claiming the cost of fuel , What am I missing ?

Sounds like an excuse the raise the prices. It has nothing to do with fuel. Maybe the first time, but come on.
They never went back down, and to raise them yet again and claim the same thing? Come on

reply to post by neo96


fair enough, i'm not talking about dictating anything.
i'm talking about sharing.

i just find numbers like these obscene.
not to mention they pay no tax.

Exxon CEO gets 2011 pay raise, bonus up 40 pct Tue, Nov 30 2010 HOUSTON, Nov 30 (Reuters) - The chief executive officer of Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) will receive an 8 percent increase in salary next year, while his bonus will jump 40 percent. Exxon's CEO, Rex Tillerson, was granted a bonus of $3.36 million, up sharply from his bonus of $2.4 million paid in 2009, according to a regulatory filing with the U.S Securities and Exchange Commission. Half of the bonus will be paid in cash by the end of 2010, while the balance will be linked to quarterly earnings per share performance, the filing said. The executive, who runs the world's largest publicly traded oil and gas company, will be paid a salary of $2.39 million in 2011, up from $2.2 million this year. Exxon's board of directors also granted Tillerson 225,000 shares of restricted stock. Half the shares may not be sold for five years, and the balance must be held for 10 years, the filing said. Shares of Irving, Texas-based Exxon shares closed at $69.56 on the New York Stock Exchange on Tuesday. The shares have risen 2 percent so far this year, underperforming a nearly 5.6 percent gain in the Dow Jones Industrial Average. .DJI (Reporting by Anna Driver in Houston, editing by Matthew Lewis)

reply to post by amatrine


fuel is directly tied to consumer goods the more you have to pay to get the products to market that costs you more and that costs the producers more.

reply to post by neo96


can you explain to me why it always seems that the price goes up instantly as the per barrel price rises?
seems to me the price should stay the same until what is already in the holding tanks is sold off.
i never understood how this works.

reply to post by rubbertramp


I am hardly destitute, but if it aint on sale or I don’t have a coupon, I don’t buy it. Fresh foods are always cheaper than prepared foods of similar quality. I stock up on staples (cereals, butter, spices, sugar, pastas) when on sale and I go to Costco for the bulk items (cooking oils, rice, saran wrap, etcetera) where I buy a year’s supply for 25% of the store’s price. All in all, I spend about $110/week in groceries and have 6 mouths to feed so I have to be doing something right.

reply to post by rubbertramp


bad example with exxon or with any multinational corporation

they are MULTINATIONAL meaning only what they make in this country can be taxable


just makes me wish i was in the oil business.

reply to post by rubbertramp


oil is a commodity and gasoline made from it just like any other commodity such as most food

the value of the dollar has a direct correlation to gas and oil prices then there ever market quip that effects gas and oil and whatever happens in the rest of the world.

oil is a global commodity what happens anywhere in the world effects gas and oil prices and everything in the world is tied to the us dollar.

the manipulation of the us dollar i dont think people just realize how much effect that has on everything in this country.

reply to post by neo96


I understand that , but I am saying that last time fuel was high, the price went up. It never went back down when the fuel did, it stayed at the height it was at when fuel dropped. Now fuel is going back to where it WAS , and the prices rise even more on food. when fuel price falls so should food, but it does not. So who is profiting?

reply to post by neo96


sorry, but i still do not understand the correlation with the price at the pump.
not sure how to explain.
price per barrel rises x amount of dollars, yet the store of gas simultaneously rises at the same time.
would make sense to me that the price should stay the same as the stock already in the holding tanks is sold off.
the stock that was purchased at the previous price.
as the gas purchased at the newer, higher price hits the stations is when i'd think the price should rise.
does this make any sense at all?

reply to post by amatrine


reply to post by rubbertramp



most people will always say the corporation is profiting.

there is a finite supply of oil it takes time to find it and refine it the gasoline does have a shelf life most people do not think about.

population growth another reason,crop loss is another reason

another reason is store gas/grocery to stay competive and not lose money people also seem to forget about the supply and demand aspect of it.


look you two this is what i think these are my own opinions trying to make sense out of it all there are smarter people around here than me.

you both are free to disagree to the conclusions that i have come to.

thanx neo, you are right in the aspect of there being more reasoning behind all this than just what my eyes see.
i'm basically a hands on kinda' guy and what makes sense to me is what i understand, which id not really the economics of corporate america.

for instance, the government wants me to believe in a 2.1 inflation rate, yet if i look at individual commodities like sorghum i see a 50% rise in a short amount of time.[6 months]

source of numbers quoted.

reply to post by rubbertramp


this is where competition comes into play in my view

whether its food or oil

more people we have racing to get goods and services to market the cheaper they sell at.

we only have a handful of companies bring anything in the market.

reply to post by rubbertramp


Maybe if those people would get rid of the Benz's and BMW's they could afford new clothes. That just goes to show how messed up people's priorities are.

Recently I have had to have a car get serviced and the bill was 1000.00 and now our other car (mine) needs new struts and the estimate for all four with everything done was...1030.00. I don't know...my car bills in the past have usually not been so high. I'm wondering if that has to do with inflation/high fuel costs and part costs? I'm certainly no expert in this field but wow...I just don't know. Is absolutely everything going to go up?

Originally posted by OptimusSubprime
reply to post by rubbertramp

 

Maybe if those people would get rid of the Benz's and BMW's they could afford new clothes. That just goes to show how messed up people's priorities are.

absolutely, although if the vehicle is paid for, consider depreciation and the cost of replacing it.
wouldn't necessarily save much at all.
not that i'm sticking up for them, it's just how it works.

Originally posted by queenofsheba
Recently I have had to have a car get serviced and the bill was 1000.00 and now our other car (mine) needs new struts and the estimate for all four with everything done was...1030.00. I don't know...my car bills in the past have usually not been so high. I'm wondering if that has to do with inflation/high fuel costs and part costs? I'm certainly no expert in this field but wow...I just don't know. Is absolutely everything going to go up?

and now our other car (mine) needs new struts and the estimate for all four with everything done was...1030.00.

this does sound too high, what type of car is it.
you can actually look up the time it should take and then figure how much per hour they charge for labor.
struts shouldn't be to much for the parts.

i drive old vehicles i work on myself. i'd be lost on newer vehicles, the tools needed just for diagnostic purposes cost a small fortune.

Found this in Vanity Fair and it really fits the mood of this thread and American life..

Of the 1%, by the 1%, for the 1%
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.
It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran.

www.vanityfair.com...
sums it ups pretty much but good article to read!

reply to post by rubbertramp


The VW Jetta TDI '04 diesel, took to diesel repair place, not a dealership. Parts: Fuel Pick Up Pump Assy $377.,
Seal 17.02, Hose Assy 110.00. Diagnose scan 2.95 hrs, rate 83.35 at $245.88. Replace fuel sender assy bleed system and start road test, 2.25 hrs, rate 83.35 total $187.54. Ship, 15.00, Ship, 15.00. Waste, environmental charge 34.67. Amount total: $1036.76.

2.25 road test sounds suspicious to me and that's considered "labor."

And get this, they damaged the front bumper pulling it into the shop so they have agreed to, "get repaired at no cost."

My car is a '01 Mercury Sable and I just called and got a phone estimate at a shop I have used in the past and he said they would do "kits" whatever that means cuz he's assuming all parts to the struts would be shot as they've never been done. These cars are paid for so okay, don't want a car payment. It's just odd to me that now car bills are to the thousand dollars when before they were less.

reply to post by nowayreally


thanx, great article.
here i was thinking vanity fair was simply some cheezy womans mag.

i loved the last paragraph.

The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.

reply to post by queenofsheba


that is high, sheba.
the more specialized the shop the higher the cost.
do yourself a favor, take it to a place like pepboys and get a free estimate.
they guarantee their work the same as anyone else and i'd almost bet would quote you 25% less or so.
i really didn't see anything in your description that needs to be done by a specialist.