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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (14859)1/12/2021 9:08:02 AM
From: The Ox2 Recommendations

Recommended By
ajtj99
Lee Lichterman III

   of 97958
 
For most of last year, certainly through the first 6 months of the pandemic, crude prices were right around $40/bbl. In relation to the last few years, this was very low and substantially aided gas prices. With oil now over $52/bbl and GS claiming it will be over $60 within the next few months, gas prices will go up. For most, it won't be a big deal but for the bottom segment of our economy, it's going to be very painful, if this plays out the way it appears at this time. Many industries have added a "pandemic surcharge", similar in nature to the fuel surcharges seen on invoices when oil was well over $100/bbl. Lumber is up, copper is up, and the costs of many building supplies are also up, many due to the delays in product moving from overseas to the US. None of this affects the upper class but much of this adds additional strain on the middle and lower class.

We are starting to see pricing pressures increasing in several key areas.
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