Quote:
Originally Posted by JSH
Gas - still cheaper than it was 10 years ago. It swings up and down wildly based on global factors. Makes sense as it is a global commodity with price set at auction
Electricity - mixed based on where you live. Up in 21 states over the last year DOWN in the rest
https://www.electricchoice.com/elect...ices-by-state/
Used cars - Way up due to a shortage of cars to buy. Fix the shortage and people wont pay more than original MSRP for a 2-3 year old car.
Rental cars - not sure how this is a "major buy" but that was a temporary spike in the summer when cars were in short supply because rental companies had sold off their fleet. Prices and availability had already returned to normal by the end of the summer.
Housing - this is by far the item likely to stay elevated because so far no one is dealing with that cause - lack of housing to buy were people want to live. That said some areas will have adjustments. When I was in Charlotte, NC I saw homes listed on Zillow for tens of thousands less than what they sold for a year ago.
EDIT: It also seems you only don't believe the consumer price index when it counters what you expect. The Consumer Price Index says used cars are up 49% since June 2020 and 30% in the last year.
https://fred.stlouisfed.org/series/CUSR0000SETA02 |
Oh used cars are up 50% in a year and a half, oh that's great news.
Notice I didn't list electricity specifically.
But now that you mention it I'm in new mexico and the nm public regulatory commission has raised rates 7% next year is trying to increase rates by 14.4% next year. I say it's because all that "cheap wind and solar" they are adding to the grid. So it's coming.
If someone unexpectedly has to rent a car for a week and it costs a $1,000 that's pretty big for at least half to 2/3 the population. I tried to rent a car this summer when my wifes car was in the body shop for hail dent repair and there were none to be had. So the insurance cut us a check for what they would have paid for a rental car for those 2 weeks. (That's the money we used to fix our old hyundai with a bad engine came from).
Then in early November I rented a car and it cost several hundred more dollars than I expected. Rental car prices are not back to normal.
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1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white, portable 240v CHAdeMO, trailer hitch, new batt as of 2014.
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