His number came in 100% more than the cost of our last store, and the deal no longer penciled out.
I see gasoline prices rising further despite this modest short-term & long-term demand destruction.
The boom in natural gas exports creates massive demand on US production and connects US prices to the rest of the world.
Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales.
The Japanese people are not amused.
Not a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.
Make that $6.55 for regular at my San Francisco gas station from heck.
Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.
Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
Wages Surged, But Raging Inflation Crushed the Purchasing Power of those Wages.