https:\/\/www.reuters.com\/article\/us-global-oil\/oil-gains-after-monthly-saudi-output-unexpectedly-drops-idUSKBN1KR039<\/a><\/p>\nHow this will affect the CPI calculations remains to be seen, but the price of gas at the pump has been slowly rising since April. \u00a0While the price of food at the checkout stand appears to be relatively stable, it will be affected by a rise in the CPI, as well. I did notice a slight rise in the price of chocolate ice cream and sweet corn in July, as well as a rise strawberry prices.\u00a0A rise in the cost of fuel for deliveries can also affect the cost of your ammo at the gun shop counter.<\/p>\n
You can find local gas prices by going to Gas Buddy or one of those other consumer-reported price indexes. The price of oil at the commodities market does have an effect on a lot of consumer items, including gas at the pump, delivery costs for consumer products such as groceries and plastic straws. The article does not go into that, but the effect is there. California is now banning straws, which may also have a small ripple effect on the price of straws everywhere.<\/p>\n
Pres. Trump wants to roll back the fuel economy rules put on automobile manufacturers by the Obama administration. While the engineering to make current vehicles more fuel-savvy and fuel-saving, the price of gas at the pump has risen in concert with those economies of style. Removing those restrictions from vehicles won’t roll the price of gas at the pump back to the level of 2001, when I could get gas for $1.119\/gal or 1974, when Nixon’s ineptitude made the price jump from $.259\/gal to $.509\/gal overnight and the talk was that there might be a rise to (gasp!) $1.009\/gal. The horror!<\/p>\n
My guess about this “drop” in production at the well heads is that the Saudis cut production to bump up the price of crude at the markets, and nothing more complicated than that. \u00a0As long as it doesn’t go back to that ridiculous $140\/barrel price some years ago, which was the original cause of the overthrow of Venezuela’s government, it’s fine with me.<\/p>\n
The Consumer Price Index (CPI) is the determining factor in COLA increases (or lack thereof) in government-directed programs such as SSRI and whatever title welfare goes by now, and it is based on the price of commodities such as oil at the markets and gas at the pump.\u00a0The CPI for July will be announced on Aug. 10. Any COLA increases will be announced in October, as usual.<\/p>\n
Now may be the time to stock the ammo supply, the pantry shelves and the freezer. \u00a0They can just try<\/em> to keep me from getting my hands on chocolate ice cream or radishes.<\/p>\n","protected":false},"excerpt":{"rendered":"LONDON (Reuters) – Oil rose on Monday (Aug. 6) after Saudi crude production unexpectedly fell in … A Slight Rise in Price<\/span>Read more<\/a><\/p>\n","protected":false},"author":653,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220],"tags":[],"class_list":["post-81042","post","type-post","status-publish","format-standard","hentry","category-the-floggings-will-continue-until-morale-improves"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/81042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81042"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/81042\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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