Is Hyperinflation On The Horizon?

[CountValentine]

Here is another chart. Gas prices spiked up which makes sense since oil spiked up. What didn't happen is gas prices spike down when oil spiked down. I can post 100 different charts and they all show the same thing that everyone understands expect many here. We got screwed!!!

[Joe4007]

I looked at all the numbers not just the ones you are cherry picking. The charts you link to shows a clear picture that a kid can understand. They raise gas prices quickly but don't lower them at the same rate. I said this over and over and your links prove it.

Here is another chart. Gas prices spiked up which makes sense since oil spiked up. What didn't happen is gas prices spike down when oil spiked down. I can post 100 different charts and they all show the same thing that everyone understands expect many here. We got screwed!!!

Gas prices didn't come down with oil prices because they didn't go up with them. Yes, they went up somewhat, but nowhere close to the increase oil had. They therfore couldn't come down at the same rate oil did. Overall however, as was clearly demonstrated here, they track each other.

[CountValentine]

Gas prices didn't come down with oil prices because they didn't go up with them. Yes, they went up somewhat, but nowhere close to the increase oil had. They therfore couldn't come down at the same rate oil did. Overall however, as was clearly demonstrated here, they track each other.

Are you using new math?
Lets say oil is $60 and gas is $3.
Now when oil goes up then gas goes up. We all agree.
Here is the problem you keep ignoring. Oil goes below $60 but gas gets nowhere near $3. We got screwed!!!
The charts show they did not track each other!!!

[Lurker]

Are you using new math?
Lets say oil is $60 and gas is $3.
Now when oil goes up then gas goes up. We all agree.
Here is the problem you keep ignoring. Oil goes below $60 but gas gets nowhere near $3. We got screwed!!!
The charts show they did not track each other!!!

You've used that example a few times now. I'm not really sure where those numbers are coming from, though. How do you explain the numbers he posted (below), backed by actual data?

From 01/31/2022-03/21/2022 retail gas prices increased by ~25% (from $3.46 to $4.34). Source: https://ycharts.com/indicators/us_gas_price
From 01/31/2022-03/21/2022 WTI increased by ~25% (from $89.16 to $112.14). Source: https://fred.stlouisfed.org/series/DCOILWTICO

[CountValentine]

You've used that example a few times now. I'm not really sure where those numbers are coming from, though. How do you explain the numbers he posted (below), backed by actual data?

I used his links for the charts which is 100% accurate picture of what happened since the start of the invasion.
Look at the price of oil at the beginning 2/28 and on 3/16. On 3/16 oil was lower but not never was reflected in the price of gas. It didn't even come close.

The numbers I used was just simplified. I can used the exact numbers from the carts if you want.

[Lurker]

I used his links for the charts which is 100% accurate picture of what happened since the start of the invasion.
Look at the price of oil at the beginning 2/28 and on 3/16. On 3/16 oil was lower but not never was reflected in the price of gas. It didn't even come close.

The numbers I used was just simplified. I can used the exact numbers from the carts if you want.

You picked the lowest point on a chart with a bunch of movement, and seem to be asking why the smoothed out retail chart isn't mimicking the same extreme movements. But when you look at where the prices went over the next 5 days, don't the numbers make sense to you?

To me, your issue seems to be more about the narrative than the actual numbers. The dumbed down narrative is that crude went up, so gas went up, and you want to stick it to them by pointing out that there's obviously more to it than that, because the charts aren't tracking exactly. That's all good and well, and, if that's your point, it's valid, but that doesn't mean anyone is getting screwed. Zooming out, the numbers are tracking pretty in sync. We may still all be getting screwed, but not because retail gas doesn't reflect the helter-skelter crude charts to perfection.

[CountValentine]

You picked the lowest point on a chart with a bunch of movement, and seem to be asking why the smoothed out retail chart isn't mimicking the same extreme movements. But when you look at where the prices went over the next 5 days, don't the numbers make sense to you?

To me, your issue seems to be more about the narrative than the actual numbers. The dumbed down narrative is that crude went up, so gas went up, and you want to stick it to them by pointing out that there's obviously more to it than that, because the charts aren't tracking exactly. That's all good and well, and, if that's your point, it's valid, but that doesn't mean anyone is getting screwed. Zooming out, the numbers are tracking pretty in sync. We may still all be getting screwed, but not because retail gas doesn't reflect the helter-skelter crude charts to perfection.

If go from the beginning to the end they look about right. The point I have been making is for a week there was this massive drop in oil but not in gas. We are only talking about 21 days with 7 of those days of a big drop in oil but not gas. We got screwed.

Let's remember prices change daily and sometimes more than once a day.

[Lurker]

If go from the beginning to the end they look about right. The point I have been making is for a week there was this massive drop in oil but not in gas. We are only talking about 21 days with 7 of those days of a big drop in oil but not gas. We got screwed.

Let's remember prices change daily and sometimes more than once a day.

Of all the ways you've gotten screwed at the register over the last 60 years, if this is what you want to bellyache about, God bless you.

[CountValentine]

Of all the ways you've gotten screwed at the register over the last 60 years, if this is what you want to bellyache about, God bless you.

The issue is I made a factual point but everyone is pretending it didn't happen.

[yesitsme]

I agree with CV gas prices should go down immediately to pre Biden rates

[CountValentine]

I agree with CV gas prices should go down immediately to pre Biden rates

Only if oil goes to those same rates.

[aygart]

It didn't go up together. It didn't go down together. It didn't go up the same amount. It didn't go down the same amount. others are cherry picking data, but I am only referring to the last week and a half since oil was dropping. LOL.

[CountValentine]

It didn't go up together. It didn't go down together. It didn't go up the same amount. It didn't go down the same amount. others are cherry picking data, but I am only referring to the last week and a half since oil was dropping. LOL.

No I am talking about the period since the invasion started. A two year old can understand the charts. Keep your non-sense and denial up. 

[ExGingi]

No I am talking about the period since the invasion started. A two year old can understand the charts. Keep your non-sense and denial up. 

That's exactly how populism works. Make a simple claim that a two year old can understand, because a two year old isn't capable of understanding complexities, intricacies, multiple contributing factors.

[CountValentine]

That's exactly how populism works. Make a simple claim that a two year old can understand, because a two year old isn't capable of understanding complexities, intricacies, multiple contributing factors.

You keep calling it populism. It has nothing to with politics. It is based on facts.

If I understand you correctly the charts as I stated are 100% correct but I am missing the complexities, intricacies, multiple contributing factors? 

[ExGingi]

https://twitter.com/Cokedupoptions/status/1508469284565004288

[UKinNYS]

The market believes in long term growth but short term pain 
https://www.cnbc.com/2022/03/28/us-bonds-treasury-yields-invert-flashing-recessionary-warning-sign.html

[ExGingi]

The market believes in long term growth but short term pain 
https://www.cnbc.com/2022/03/28/us-bonds-treasury-yields-invert-flashing-recessionary-warning-sign.html

Growth?

What structural issues have been addressed?

https://twitter.com/macroalf/status/1508428891068715008

[ExGingi]

https://twitter.com/jdmiser/status/1508489934042279937

[4yourinfo]

https://twitter.com/jdmiser/status/1508489934042279937

Doesn't Biden have control over the Fed?