Octopus Overlords

Isgrimnur wrote: ↑Wed Feb 05, 2020 10:58 am +1K for not-white.

Jeff V wrote:Both of my cars thrive on E88, so that's what they get. Slightly cheaper than regular.

Perhaps one day the stars will properly align and my wife will get the Honda minvan she desperately wants and I'll get something of the pseudo-sportscar variety. Who knows, it might even be an electric one if they are practical in my 'hood by then!

Isgrimnur wrote: ↑Thu Feb 06, 2020 11:21 pm

Jeff V wrote:Both of my cars thrive on E88, so that's what they get. Slightly cheaper than regular.

Perhaps one day the stars will properly align and my wife will get the Honda minvan she desperately wants and I'll get something of the pseudo-sportscar variety. Who knows, it might even be an electric one if they are practical in my 'hood by then!

88 octane is actually E(Thanol) 15(%)

Isgrimnur wrote: ↑Thu Feb 06, 2020 11:44 pm No. I’d seen it, but didn’t know what it was. When you mentioned it, I decided to remedy that and share the information.

Apollo wrote: ↑Fri Feb 07, 2020 1:30 am $1.99 for 87 octane here in the Birmingham area right now.

ImLawBoy wrote: ↑Tue May 11, 2021 5:19 pm I saw a CNN headline yesterday that said something to the effect that people were concerned about $3.00 gas due to the pipeline shutdown. I was excited that the price would be going down so much!

wsj.com wrote:America’s biggest cash crop has rarely been more expensive. Corn prices have risen roughly 50% in 2021 and a bushel costs more than twice what it did a year ago.

Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the post-pandemic economic recovery.

Lumber prices have shot to more than four times what is typical, pushing up home prices and obliterating renovation budgets. Copper, a cog of industry found throughout the home and in electronics, hit record prices Friday. Crude oil hasn’t cost so much since 2018 and soybeans are trading at their loftiest level since 2012.

With corn climbing toward a record, Americans can expect to pay more for all sorts of items at the grocery store as well as at the gasoline pump. Corn is a key ingredient in making products ranging from tortilla chips and chicken wings to bourbon and Coca-Cola. About 40% of the U.S. crop is blended into motor fuel.

During the pandemic, getting takeout wings on Wednesdays continued to act as a totem, while also letting me feel good about buying things from a local restaurant during a time of communal need. The government had abandoned us, thus the need for unfruitful $11 lunches to try to prop up a dying local economy. It didn’t really work on a macro level — the bar still had to close twice, after all — but it did do its part in draining America of its crucial chicken wing reserves. Too many Americans shared the goal of eating our way to fiscal stability. Wing sales went up 7 percent, which may not sound like a lot until you remember that it’s 7 percent of billions: Roughly 9 billion chickens are slaughtered each year for commercial sale and consumption.

The National Chicken Council is already ahead of the messaging around the shortage, leaning into the harsh winter as a root cause and indicating that extra time is needed to have supply “catch up” with demand due to the impacted chicken flocks.

YellowKing wrote: ↑Tue May 11, 2021 8:24 pm Yeah I have a buddy who has to drive to Durham for SURGERY, and he had to visit three gas stations and wait in line for over an hour today to fill up. It's stuff like this that seriously makes me want to just pack up and move overseas somewhere. I feel like I can't live with the amount of stupid in this country anymore.

U.S. farmers, who harvested some of their largest corn and soybean crops ever last fall, will reap the highest season-average prices for the crops since the heady days of the commodity boom that ended in worldwide surpluses seven years ago, said the government on Tuesday. Commodity prices are on the rise due to tightening global supplies and large purchases by China, the first country to rebound economically from the pandemic.

In a bundle of reports, the USDA said U.S. stockpiles of corn and soybeans, the two most widely planted crops in the country, would shrink to their lowest levels since 2014 when this year’s crops are ready for harvest. At the same time, the average farm-gate price for corn and soybeans this marketing year would be the highest since 2013/14.

Along with wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.

malchior wrote: ↑Tue May 11, 2021 11:42 pm Like lumber, high corn prices have little to do with inflation. Good old high demand and low supply.

U.S. farmers, who harvested some of their largest corn and soybean crops ever last fall, will reap the highest season-average prices for the crops since the heady days of the commodity boom that ended in worldwide surpluses seven years ago, said the government on Tuesday. Commodity prices are on the rise due to tightening global supplies and large purchases by China, the first country to rebound economically from the pandemic.

In a bundle of reports, the USDA said U.S. stockpiles of corn and soybeans, the two most widely planted crops in the country, would shrink to their lowest levels since 2014 when this year’s crops are ready for harvest. At the same time, the average farm-gate price for corn and soybeans this marketing year would be the highest since 2013/14.

Along with wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.

stimpy wrote: ↑Tue May 11, 2021 6:14 pm

ImLawBoy wrote: ↑Tue May 11, 2021 5:19 pm I saw a CNN headline yesterday that said something to the effect that people were concerned about $3.00 gas due to the pipeline shutdown. I was excited that the price would be going down so much!

You live in Chicago. You aint seeing $3 gas for a loooooooong time, if ever.

LawBeefaroni wrote: ↑Wed May 12, 2021 10:05 am

malchior wrote: ↑Tue May 11, 2021 11:42 pm Like lumber, high corn prices have little to do with inflation. Good old high demand and low supply.

U.S. farmers, who harvested some of their largest corn and soybean crops ever last fall, will reap the highest season-average prices for the crops since the heady days of the commodity boom that ended in worldwide surpluses seven years ago, said the government on Tuesday. Commodity prices are on the rise due to tightening global supplies and large purchases by China, the first country to rebound economically from the pandemic.

In a bundle of reports, the USDA said U.S. stockpiles of corn and soybeans, the two most widely planted crops in the country, would shrink to their lowest levels since 2014 when this year’s crops are ready for harvest. At the same time, the average farm-gate price for corn and soybeans this marketing year would be the highest since 2013/14.

Along with wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.

I love that price increases across the board are all due to independent "factors", not inflation.

YellowKing wrote: ↑Wed May 12, 2021 10:45 am I spent a few minutes this morning following a thread on NextDoor where two guys were arguing over whether there was an actual shortage, or if this was a shortage completely brought about by panic buying.

Guy #1 had spent 30 years in the petroleum industry and had worked for our port. He explained that our city gets all of our gas via ship, not pipeline, so there was no shortage in the city.

Guy #2 had zero experience in the petroleum industry and explained that Guy #1's opinion was "rubbish" because gas stations were out of gas.

Guy #1 explained that they were out of gas because people like Guy #2 were buying all the gas at once due to panic, not because there was an actual limited supply of gas.

Guy #2 explained that Guy #1 was an idiot and didn't know what he was talking about because the gas stations were out of gas. And if the pipeline was attacked, and now gas stations are out of gas, then the pipeline attack led to a gas shortage.

LawBeefaroni wrote: ↑Wed May 12, 2021 10:05 am

malchior wrote: ↑Tue May 11, 2021 11:42 pm Like lumber, high corn prices have little to do with inflation. Good old high demand and low supply.

U.S. farmers, who harvested some of their largest corn and soybean crops ever last fall, will reap the highest season-average prices for the crops since the heady days of the commodity boom that ended in worldwide surpluses seven years ago, said the government on Tuesday. Commodity prices are on the rise due to tightening global supplies and large purchases by China, the first country to rebound economically from the pandemic.

In a bundle of reports, the USDA said U.S. stockpiles of corn and soybeans, the two most widely planted crops in the country, would shrink to their lowest levels since 2014 when this year’s crops are ready for harvest. At the same time, the average farm-gate price for corn and soybeans this marketing year would be the highest since 2013/14.

Along with wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.

I love that price increases across the board are all due to independent "factors", not inflation.

LordMortis wrote: ↑Wed May 12, 2021 10:56 amAt the same time, our gas prices were up $.40 a gallon in concert with the pipeline shut down and we aren't anywhere near a region supplied by Colonial. But than as they are saying in other threads. "It's other factors". Increased demand, the Memorial day coming up, etc... etc... etc...

LordMortis wrote: ↑Wed May 12, 2021 10:15 am They'll keep saying transitory until they don't. I am going to assume (or hope) that this will be like the 2008 -2010 craziness and that we'll spikes but eventually settle in to something reasonable... that is still going to be high based on the volume of money we released in to the wild in 2020/early 2021 in addition to "it's not QE" that had been ongoing for the previous three years.

malchior wrote: ↑Wed May 12, 2021 11:36 am Fuel pricing is global and traded in real-time.

LordMortis wrote: ↑Wed May 12, 2021 11:41 am

malchior wrote: ↑Wed May 12, 2021 11:36 am Fuel pricing is global and traded in real-time.

Only fuel prices go up here when there a pipeline problems that don't jack the rates outside of the region. It is what it is though. It's not like I can't pay it or like I'm doing massive amounts of non sustenance driving. Saturday will be my first elective drive in over 15 months. Gaming!!! So I guess I'm contributing to the increased demand as of this coming Saturday.

wxii12.com wrote:RALEIGH, N.C. — More than 70% of gas stations in the Raleigh and Charlotte areas are without fuel Wednesday morning, according to GasBuddy, a website and mobile app that helps people find the cheapest gas near them.

As of 8:30 a.m. Wednesday, 71% percent of gas stations in the Charlotte area are out of fuel, and 72% percent of all Raleigh-area gas stations are reportedly out of fuel.

Nearly a quarter of all gas stations in North Carolina are without gasoline Wednesday as drivers continue to line up at the pump to refill.

North Carolina has the highest percentage of gasoline outages on the east coast, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of Colonial Pipeline by a gang of hackers entered its fifth day Tuesday.