Price of Powder & Primers in Perspective

[JFrank]

Not even close. Woodrow Wilson, JFK, Obummer, Shrub, Clinton, FJB .

Actually Clinton had a great economy and prices were low during Obama’s second term. Trump inherited low gas prices.

Go figure …

 

[Dgd6mm]

I remember paying $3.50 a gallon during Obama here in North Florida, oh wait I'm paying that now, again.

 

[Jayplace]

I remember paying $3.50 a gallon during Obama here in North Florida, oh wait I'm paying that now, again.

I remember that too, and I remember the $2.00 a gallon price.
But, the President has almost nothing to do with the price of gas at the pump since there is only an oil company cost plus state (road) tax and excise tax. Maybe a little, but not a tremendous amount.
The excise tax is federal, but it has pretty much remained the same over the past 20 years.

The $2.00 a gallon gas was due to an abundance of over produced fuel due to Covid and not because of some brilliant strategy on the presidents side.

It sounds like the oil industry is making an extra $1.50 per gallon to put in their pocket. Someone needs to pay the oil execs a living wage.

 

[CJ6]

There’s enough disposable income around that cutting grass can bring in quite a bit of walking around money for someone who is willing. $25-60 a pop.

The real money to be had, is doing spring and fall system maintenance on HVAC units. Clean the coils, tighten connections, take a few readings, and replace the filters. $50-75 a pop.

There’s always money laying somewhere for someone to pick up that’s willing to work for it if they need it.

It's $150 minimum to get HVAC out on a service call around here.

 

[bluesako]

Yes, but £2.41 ($3.05 US) of that is government 'Fuel Duty', then VAT (value added tax) of 20% is added to both that duty payment and the remainder of the pump price. So we have a tax on top of another tax. Most of what we pay per gallon goes to His Majesty's Government.

I suspect that if Americans were told that they were going to be charged as much duty / tax from next week on their gasoline as we pay, there would be riots irrespective of who was in power.

hi laurie, im not disputing what you said mate, but at the end of the day, when i go to the local petrol station here in the uk, and get my wallet out it says on the pump £1.50 a litre and its costing me £7.50 a gallon, of course if you take all the taxes off, it would be fantastic, but you know and i know that will never happen here in the uk we are being ever so screwed,every day, they are tightening the screw on us and it will get worse after this thursday when labour get in. anyway laurie we will carry this conversation on at diggle, take care bs.

 

[dryhumor]

It's $150 minimum to get HVAC out on a service call around here.

That isn’t what I’d call a service call, more of a tune up/basic maintenance. Spring and fall.

With so many cookie cutter subdivisions, all the units are going to be the same, and take about the same amount of effort. I spent a good bit of time through the years figuring out what the best fall back plans would be if I ever found social security to be lacking.

The biggest variable, if one wanted to get really serious, would be carrying liability insurance (recommended). And at point, you are pretty much a small business.

 

[dryhumor]

I remember that too, and I remember the $2.00 a gallon price.
But, the President has almost nothing to do with the price of gas at the pump since there is only an oil company cost plus state (road) tax and excise tax. Maybe a little, but not a tremendous amount.
The excise tax is federal, but it has pretty much remained the same over the past 20 years.

The $2.00 a gallon gas was due to an abundance of over produced fuel due to Covid and not because of some brilliant strategy on the presidents side.

It sounds like the oil industry is making an extra $1.50 per gallon to put in their pocket. Someone needs to pay the oil execs a living wage.

I remember $2 gas when it hit it the second time (going lower) and I was pretty surprised as I thought for sure once it went over $2 that it never would hit it again.

The cheapest I ever saw it was the late ‘60s in Texas/Oklahoma during price wars. Full service gas at .10-11 cents, and, for a full tank you could get dishes and glasses to work on making a set.

 

[Dgd6mm]

I remember that too, and I remember the $2.00 a gallon price.
But, the President has almost nothing to do with the price of gas at the pump since there is only an oil company cost plus state (road) tax and excise tax. Maybe a little, but not a tremendous amount.
The excise tax is federal, but it has pretty much remained the same over the past 20 years.

The $2.00 a gallon gas was due to an abundance of over produced fuel due to Covid and not because of some brilliant strategy on the presidents side.

It sounds like the oil industry is making an extra $1.50 per gallon to put in their pocket. Someone needs to pay the oil execs a living wage.

I use it as a reference to time.

 

[Dgd6mm]

It's $150 minimum to get HVAC out on a service call around here.

$80.00 here

 

[rjtfroggy]

$145 here plus any parts. Anything over an hour is more for labor.

 

[Jayplace]

I remember $2 gas when it hit it the second time (going lower) and I was pretty surprised as I thought for sure once it went over $2 that it never would hit it again.

The cheapest I ever saw it was the late ‘60s in Texas/Oklahoma during price wars. Full service gas at .10-11 cents, and, for a full tank you could get dishes and glasses to work on making a set.

I don't remember the price of gas going to 10-11 cents per gallon, even in the early 60's and I did a lot of driving being a younger person, but I was in Kansas. I do remember under 20 cents though and we got steak knives. I still have some and still use them. $1.00 or $2.00 in the gas tank would keep me going for a while. Of course, my 409 only got about 13 mpg taking it easy. I always had money for gas, but not much else, life was simpler back then.

 

[ronsatspokane]

My 60 year old Webster's dictionary defines inflation as "Disproportionate and relative sharp and sudden increase in the quantity of money or credit or both relative to goods and services for purchase. Inflation always produces a rise in the price level"

Some other noted economists that I will reference, unfortunately they are no longer living:
Adam Smith, Milton and Rose Freedman and Harry Browne will do.

I have no respect for the current typical, liberal college economist professors that teach the failed Keynesian economics theory. That is how we have reached the point where we are.

Our government can tax us in two ways, a tax or fee that is visible up front like sales tax, income tax etc or they can go behind the curtain and "print" more money so people will not know what they are doing. That is how we have run up a 37 trillion dollar debt and are adding to it at another 2 trillion per year.

Your 60 year old websters was targeting the neophyte who probably did not even know what the dismal science was. My college economic experience was over 45 years ago. Back when the name Adam Smith was still respected. You know him, the father of "liberal" economics and the guy responsible for the capitalist world we live in today. The guy who advocated for the means of production being owned by private individuals rather than the aristocracy and the landed gentry. Even prior to Adam Smith, government monetary policy was not always the root of inflation. Again, reference one of the most famous inflation incidents in history, the great Tulip inflation starting in 1634. That was pure irrational exuberance.

It sounds like you have an interest in economics, you really should take some classes and not rely on wiki or one line quotes from a dictionary. The only reason I included quotes was to show you that when you go that route there are other sources and they often refute each other. Which is a hallmark of the dismal science. As they say, it is impossible to get economists lined up end to end, they all point in different directions.

 

[ronsatspokane]

Since GNP includes massive governmental spending as “ production”, an obvious manipulation reminiscent of the W.C. Fields quote “ spent a fortune on whiskey and wild women, and the rest I wasted completely”, and bases inflation rate on a basket of goods largely void of those inputs essential for life, all of which presumably with the approval of economists, it would be interesting to know what flavor of this pseudoscience most appeals to you. perhaps after reading “Economic Hitman” you would be less inclined to quote the IMF ?

I don't do conspiracy theories. I rely on empirical evidence. Many people have a bone to pick with the IMF and with the Federal Reserve. Some of those people think the Rothchilds run the world. They are usually those who have the least understanding of monetary or fiscal policy and little understanding of capital flows a macro economic sense. They would probably consider themselves victims in this modern victim culture.

 

[Bison]

The working man has never had it better in my area. I do feel pity for people who have exited the workforce for valid reasons and are on a fixed income, but if you have decent health and a willingness to work and learn then it's not a problem to make 90k here. Americans have never been more comfortable.

 

[dryhumor]

I don't remember the price of gas going to 10-11 cents per gallon, even in the early 60's and I did a lot of driving being a younger person, but I was in Kansas. I do remember under 20 cents though and we got steak knives. I still have some and still use them. $1.00 or $2.00 in the gas tank would keep me going for a while. Of course, my 409 only got about 13 mpg taking it easy. I always had money for gas, but not much else, life was simpler back then.

Yep. I haven’t seen a price war in years though. All I see anymore are price conspiracies? Every station has the same price.

We went for the Dallas Cowboys glasses. My mother still had a couple when she passed in 2018.

 

[seymour fish]

I don't do conspiracy theories. I rely on empirical evidence. Many people have a bone to pick with the IMF and with the Federal Reserve. Some of those people think the Rothchilds run the world. They are usually those who have the least understanding of monetary or fiscal policy and little understanding of capital flows a macro economic sense. They would probably consider themselves victims in this modern victim culture.

I don't do conspiracy theories. I rely on empirical evidence. Many people have a bone to pick with the IMF and with the Federal Reserve. Some of those people think the Rothchilds run the world. They are usually those who have the least understanding of monetary or fiscal policy and little understanding of capital flows a macro economic sense. They would probably consider themselves victims in this modern victim culture.

great story, bro. We are lucky to have elitists ,

 

[ronsatspokane]

I hear these conspiracy pitches all the time. Yeah, IMF is a self serving organization. But so is the NRA. Neither would be missed as far as I am concerned but I don't attribute broader implications than these organizations are simply filled with self serving Arsehats.

 

[Lefty2506]

I remember that too, and I remember the $2.00 a gallon price.
But, the President has almost nothing to do with the price of gas at the pump since there is only an oil company cost plus state (road) tax and excise tax. Maybe a little, but not a tremendous amount.
The excise tax is federal, but it has pretty much remained the same over the past 20 years.

The $2.00 a gallon gas was due to an abundance of over produced fuel due to Covid and not because of some brilliant strategy on the presidents side.

It sounds like the oil industry is making an extra $1.50 per gallon to put in their pocket. Someone needs to pay the oil execs a living wage.

I'm not sure where you live, but when Trump took office I was paying almost $4 for a gallon of diesel, and gas was around $3.25. Just before Covid, I was paying well under $3 for a gallon of diesel, and sometimes I could find gas for under $2 but it was normally around $2.20. For a short period of time, the cost of oil dropped to under $20/barrel because of Covid, but it didn't stay there long. As soon as the election was over, Oil prices started to climb. As soon as sleepy Joe killed the pipeline, oil and fuel prices started climbing aggressively again until they plateaued at or slightly above the Obama era prices. Combine that with the uncontrolled printing of money, giving every household $20K in Covid aid, shutting down the manufacturing industry globally, trying to pay for everyone's college loans, $15 minimum wage, and providing free housing and healthcare to everyone who walks across the boarder and it's no wonder inflation is out of control. Heck, I'm surprised things aren't a lot worse.

As far as powder goes, I'm told the average artillery shell requires around 27 lbs of powder, and we're down to 1 US source for nitrocellulose. General economics make it pretty clear that the cost of powder would pretty high right now. Like it or not, the US IS the worlds police force, and when the bad guys know the police won't do anything about it, the bad guys are more prone to start more trouble.

 

[ebb]

$2 a gallon fuel was here long before covid.

 

[Jayplace]

I'm not sure where you live, but when Trump took office I was paying almost $4 for a gallon of diesel, and gas was around $3.25. Just before Covid, I was paying well under $3 for a gallon of diesel, and sometimes I could find gas for under $2 but it was normally around $2.20. For a short period of time, the cost of oil dropped to under $20/barrel because of Covid, but it didn't stay there long. As soon as the election was over, Oil prices started to climb. As soon as sleepy Joe killed the pipeline, oil and fuel prices started climbing aggressively again until they plateaued at or slightly above the Obama era prices. Combine that with the uncontrolled printing of money, giving every household $20K in Covid aid, shutting down the manufacturing industry globally, trying to pay for everyone's college loans, $15 minimum wage, and providing free housing and healthcare to everyone who walks across the boarder and it's no wonder inflation is out of control. Heck, I'm surprised things aren't a lot worse.

As far as powder goes, I'm told the average artillery shell requires around 27 lbs of powder, and we're down to 1 US source for nitrocellulose. General economics make it pretty clear that the cost of powder would pretty high right now. Like it or not, the US IS the worlds police force, and when the bad guys know the police won't do anything about it, the bad guys are more prone to start more trouble.

It sounds like you were getting some pretty good gas prices. The average price of gas dropped from 2014 to 2016 when it went under $2.00 a gallon very shortly and started rising until later 2019. Much of the increase in price for diesel had to due with a reformulation of the fuel itself.