cam, 226 words, 0 comments, Energy, Gas, Inflation

I payed $4.45 a gallon today for 91 octane gas. Nearly a 20c jump in the space of a week. We are getting into high inflation territory that places like Zimbabwe suffer from where you have to fill up all your cars at once because it will be higher tomorrow. Not cool. That is a facet of an economy losing control.

The price will come down to an extent, speculators can only survive for so long before any bubble pops, however this inflation is driven by both fundamentals, such as China and India consuming more oil, as well as the US government printing money like there is no tomorrow. When bad policy mixes with known bad circumstances the result is a mess. (more)

cam, 156 words, 0 comments, Gas, Inflation

I payed for $4.25 for premium at the pump tonight. Surprised me that it had leapt 25c in the space of seven days.

Apparently supply is not keeping up with demand. Worse, it appears that the petroleum products dropped 2.5% in supply despite a 57% increase in prices. The market adage that the cure for high prices being high prices is not working in this instance. (more)

cam, 163 words, 3 comments, Gas, Inflation, Petrol, Energy

I keep my receipts being somewhat of a data hound. Fueling up the other day I noticed that a gallon of premium gas was $3.92 USD - perilously close to the four dollar mark. I decided to graph my petrol receipts for the last month.

It has been a rapid and bumpy climb; a trendline 50c increase in less than thirty days. The high amount of inflation is real especially if I am noticing it each time I fill up. We aren't quite to the level that the Cunning Realist notes of high inflation economies (ie order two as the second will be more than the first), but there is no price stability if I am paying more each time I go to the pump to fuel up. Is it a failure of the federal reserve or the energy market? (more)

cam, 247 words, 9 comments, Gas, Petrol, Inflation

Paid $3.79 USD a gallon yesterday making this quickly out of date.

Despite appearances my car is pretty easy on petrol averaging 23 to 24 mpg in commuter driving and nearly 30 mpg when on the highway. Better than a family sedan, most smaller cars and certainly an SUV. The issue isn't the gas price itself, it is the rabid inflation that has come with gas prices recently. It was not long ago when I came to Arizona that I was paying $2.50 a gallon. (more)