You can pay more if you want to. We’ve got stores hereabouts that’ll take 4-5 dollars a dozen for eggs, but they always did that. The Biden printing press inflation/spending machine drove the cost of everything up. Who was it that lost their mind when they found out a pound of butter was over seven bucks?
I bought it for 2.69/lb yesterday.
Some foods have not come down, and a few have gone up. Overall, much still needs to be done before that grocery bill feels better than it did last year or yesterday.
Something that will help the cost of everything is energy, and there’s an oil glut.
According to a recent International Energy Agency (IEA) Oil Market Report, global observed oil inventories climbed to four-year highs in October, reaching 8,030 million barrels. Stockpiles averaged 1.2 million barrels per day during the first 10 months of the year. …
The growing inventory overhang weighed heavily on prices throughout the year. West Texas Intermediate (WTI) crude fell from about $72 per barrel at the beginning of the year to roughly $58 by the end of December.
Brent crude followed a similar trajectory, declining from around $74 per barrel in January to approximately $62 by December.
Lower oil prices contributed to a slowdown in headline inflation in the United States, with the consumer price index falling from 3 percent at the beginning of the year to 2.7 percent by year’s end.
Interesting aside: despite the glut, prices did not drop as far as expected, suggesting we could see further improvement. I paid 2.69/gallon the other day, which, added to the other staples that declined, adds a few more dollars into a lot of pockets. That money can then flow into different parts of the economy.
Cheap energy in the heating and electricity markets would also benefit everyone, but that tends to take longer and has a higher regulatory hill to climb. The wind, solar, and battery storage investment costs make it all cost that much more, a problem we could fix by halting all of that and pushing back as hard as possible.
There is no solution there that doesn’t cost more than the combined GDP of a state or a region just ot get started. Future replacement costs would be impossible to meet, as the initial and ongoing costs had rotted the local economies to a moldy nothing. And you’d think politicians would care.
If there’s no money for anything, there are no jobs, no tax revenue, and, surprise, no money for government or political campaigns. That sounds like a win, but the cost is just too damn high, and those bastards always manage to stay well heeled while the world crumbles around them.
2026 will be an interesting year.
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