I asked that same question to a commodities trader yesterday and he said it's more correlated to RBOB Gasoline Futures. Take that and add tax should get pretty close to the price at the pump.
I know Saylor is a mega bull but even he has to be sweating it a bit.Dan Scott said:
MSTR is under $200. On Friday when MSTR was around $300 I thought selling $200 puts expiring this a Friday for $2 would free money. WRONG!
Bitcoin $29K
McInnis 03 said:
CPI number today will be better than expected, they're even changing the vehicle price number calc.
No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points
man I hear "supply chain issues" almost daily. I think it has just become the company line to drive prices up.Bob Knights Liver said:
My guess is there some part gouging and some part real increase in costs. They'll blame it on supply chain issues for processing. I'm not sure I believe that. There is likely real effect from inflation on transportation and on other materials and labor costs to process. While that's real, I don't think it has nearly the magnitude that we're seeing in fuel prices. I'm not a downstream guy, so I don't know.
HA, YOU'RE DUMB TODAY, YOU WERE SMARTER YESTERDAY WHEN YOU TALKED ABOUT EXPENSIVE PUMPS.McInnis 03 said:
CPI number today will be better than expected, they're even changing the vehicle price number calc.
No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points
I bleed maroon said:
According to CNN, it's almost all good news on the inflation front:
https://www.cnn.com/2022/05/11/business/consumer-price-inflation-april/index.html
New York CNN Business
US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months.
The Consumer Price Index was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday, slightly higher than economists had predicted. It was a decrease from the 8.5% recorded in March, which had been the highest level in more than 40 years.
Stripping out more volatile product categories like food and energy, the CPI stood at 6.2% over the same period.
For April alone, prices increased by 0.3%, adjusted for seasonal swings, less than the 1.2% jump recorded in March. Without food and energy prices, core inflation rose 0.6%, more than the 0.3% advance in the prior month.
Wednesday's data suggests that the inflation peak is behind us, just as economists, the Federal Reserve, the White House and the American people hoped. But there are still a lot of factors that will keep prices elevated over the summer.
The war in Ukraine has put pressure on energy and food prices. Meanwhile, renewed Covid-related lockdowns in China threaten to exacerbate the supply chain issues that the world has been struggling with over the past year. That means it's uncertain how much the pace of inflation can slow down until these things are resolved.
Red Red Wine said:
"Here comes the red again!
Falling on my head like a memory
Falling on my head like a sad emotion"
But, I did love me some Eurythmics back in the day.
LOLNitro Power said:McInnis 03 said:
CPI number today will be better than expected, they're even changing the vehicle price number calc.
No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points
Juuusssstttt a bit outside
I'm trying to help you! FadeMc is the most successful trading plan in the history of Wall Street.Nitro Power said:McInnis 03 said:
CPI number today will be better than expected, they're even changing the vehicle price number calc.
No way they let cpi sky today. I bet it is surprisingly low, like exceeds by 80-100 basis points
Juuusssstttt a bit outside
$30,000 Millionaire said:
First move isn't always real move.
jefe95 said:
There's no such thing as gouging.
If someone pays it, that's market.
"When you look at something like Coinbase, it's just terrible. The business is terrible. Crypto is a terrible business. These stablecoins are anything but stable. I can go buy an oil company." - Jim Cramer just now on CNBC
— Quoth the Raven (@QTRResearch) May 11, 2022
Jim Cramer one year ago: pic.twitter.com/NCwMzQJVnC
big green candleBob Knights Liver said:
TSLA 780P.
TecRecAg said:
Have yourself a day MTTR.
irish pete ag06 said:
It all hinges on AAPL, in my opinion.
The day AAPL tumbles below 150 and falls hard will be the day we get the limit down...
La Bamba said:Yesterday, I was looking for a drop to ~3945 and rally. Underway in #ES_F. CPI now & determines if bulls get a couple day pop before next down leg
— Adam Mancini (@AdamMancini4) May 11, 2022
Plan today: 4020 now support. As long as bulls hold after CPI, 4060, 4105, 4150 in play. 4020 fails, we retest 3960-45, gate to 3840 https://t.co/dpYKnqdfuQ