Greedflation: Is price-gouging helping fuel high inflation?

[ck4829]

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits

Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.

Responding to that sentiment, the Democratic-led House of Representatives last month passed on a party-line vote — most Democrats for, all Republicans against — a bill designed to crack down on alleged price gouging by energy producers.

https://www.thederrick.com/ap/business/greedflation-is-price-gouging-helping-fuel-high-inflation/article_3ff4a996-4a81-5d8c-a2ee-ebfa013bce88.html

[exboyfil]

1. I think grocery stores in my area on in a death struggle

I still get very good deals. You just need to be flexible in your shopping. Every store seems to have loss leaders and sometimes you can use store price matches from lost leaders along with what is effectively discounted prices by using the fuel program at our primary grocery store. For example got pretty good T-bones for $8/# last week by doing that.


I know Amazon isn't popular on this board, but I do pretty well with the Subscribe and Save 15% discount, 5% discount from using my Amazon card, and the general prices for several of the canned goods (I eat a lot of canned fish on my Keto diet). Sardines in olive oil - $1.77/can.

Gasoline is brutal, and I am driving a lot more now that my mom has moved to the area. Maintenance, property taxes, and insurance means even owning your own home isn't a complete inflation hedge. My mom got a price lock in on the apartment she moved into after selling her house a couple of months ago.

Corporations love pricing into inelastic demand curves (you will pay your last dollar for live saving medicine).

[Bluethroughu]

2. Yes. Gas fuels everything it is a seditious conspiracy that effects our nation's security.

Nationalize the oil.

The oil companies charging as much as they are is not just gouging, it is a threat to our economic and national security.

They have to much power.

[TheRealNorth]

3. Mostly due to oil prices

It's not just gasoline that we buy, but all the gas/diesel that is used to move shit around.