So, I sent back and did the math. Using Costco pricing for gasoline, in just a couple of weeks' time the price has increased 14%.
I track my fuel purchases. Have for many years. If I go back to the start of the current conflict, gas is up $1.41 per gallon since the start of the current conflict. A 47.1% increase.
My average gallons per fill-up is 15.507. At the price at the start of the conflict that would have been $46.35. Under the current price, it is $68.22; $21.87 more. I typically get gas every other week. For those who get it more frequently, that cost adds up fast. How many families are having to consider what other expenditure may need to be deferred or even canceled as a result. Not adjusting for the trip to Ohio this summer and back, I've put gas in my DD 51 times. That is $1115 more in fuel cost based on today's pricing. $$-costing the average price, it's still $864 more than prior to the start of the conflict. Or a 36.5% increase. And, I'm not taking into account Mrs. AZ's DD. Only my own.
The average price of #2 diesel national was $3.72 a gallon in February. Today, I saw one station at $6.19. That is a 66% increase in 7 months. 66%! If you're a trucker, that is no "extra twenty bucks" at the pump. And if you're an LTL, that cost per load just went up considerably.
This is real impact that many are feeling. Or seeing downstream somewhere.
How anyone can chalk this up as a win is incomprehensible to me.
Perfectly stated; now add to this the overall repair cost (increases), which, insurance data shows, is between 25-30%.
In my conversation with a certain trucker insurance company's underwriting state director, the truckers are bearing the cost of insurance increases to offset some increase on the traditional consumer.
The scary part, even the carrier's state director, in the end, says, I don't know what we will be looking at several months down the road.
Now, some may point to Venezuelan oil, which wouldn't come online and be operational for another 10-15 years at the earliest, and many don't factor in the cost of refining the heavy crude; hence, many oil giants weren't all giddy to jump on the prospect.
@AZ_HighCountry @Davey Crockett I was gone for a few months due to stress and depression, which resulted in a medical emergency due to high BP, as my family's conglomerate (investments in real estate, etc.) took a beating, and with vacancies I'm not able to fill, it's draining what's in the bank account. I had to step back, and Father took over, as he couldn't see his son in the state he was in.
It's very easy for those like Mr. Raptor and others who're kids and not responsible for running the house and putting food in their children's mouths.
