found a relevant Jeff Foxworthy joke
"If the blue book value of your truck is based on how much gas is in your tank, then you MIGHT be a redneck"
Quote:Interesting how the price of gas started to climb in November.
It actually started in April 2020...and before that it was November 2018.
https://www.gasbuddy.com/charts
Not sure if the rest have noticed a similar pattern but when Covid was in full effect the amount of cars on the road was far far less.. and gas prices went downward. Driving around lately its almost back to where it was before the pandemic...prices have rebounded to prior levels. Roughly where we were in April 2019. Prices of everything as gone up as demand exceeds supply. Shockwave will no doubt follow when we have a correction and supply catches up and exceeds demand.
Lets see where we are at... hmm...economy is doing very well, home prices are going crazy, interests are low, people are mostly buying SUV and Trucks, many of the US auto makers have stopped making cars... what could possibility go wrong? anyone else getting a little Deja Vu moment here?!?!?
btw, Warren Buffet has been hoarding cash for a while now. He seems to have a good idea what's coming. $139 Billion in CASH,sitting and waiting.