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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
Me.
I will burn about 9k gallons this season. Big chunk of change compared to what we have been paying.
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Joined: Apr 2007
Posts: 32,312
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2007
Posts: 32,312 |
I don’t deal with the public in my biz; I only work with other businesses. One of my customers does resell straight to the public. Another big one only sells to other businesses... point being... in the B-T-B world we are scrambling to raise prices as quickly as we can without killing demand. My material costs are skyrocketing; I simply have to raise the price on parts or I’m working too cheap. Then there’s just inflation in general. I gotta make more money, just to stay even.
These things take time. When Trump imposed tariffs on metals, my costs went up instantly. It took a year or so to gradually raise prices to compensate. Again... you can’t kill the golden goose- which is demand from the final consumers- which can happen if you raise prices too fast.
It sucks. It’s gonna get much worse, I’m afraid. We were already going to suffer some inflation from the actions of both Trump and Biden shoveling out pandemic money. Ukraine will make it that much worse. At some point, are people still gonna buy “stuff” they don’t actually need? One of my big customers provides parts and service for machines that are essentially hobbyist machines. I make a bunch of the parts, others are imported from Europe. I’m in direct competition with European machinists on these parts- ironically, mainly some dude in Poland. If he doesn’t raise his prices soon, I’m not sure what I’ll do. I expect he will. I don’t like making under $50/hr and some stuff I make is getting dang close due to metals skyrocketing. I just paid $238 for a length of bearing bronze that was $168 when I bought it last time a few months ago. I get 25 parts from the piece of material. Do the math... just from that, either me or my customer (both actually; we are splitting it for now) is making over $2 less per part. That’s about 4% of the retail price of the part- just from materials going up. I’ve been paying $168 for that bronze for years...
“May you live in interesting times”- old Chinese curse. They nailed it.
Last edited by Jeff_O; 03/06/22.
The CENTER will hold.
Reality, Patriotism,Trump: you can only pick two
FÜCK PUTIN!
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Joined: Sep 2014
Posts: 3,489 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Sep 2014
Posts: 3,489 Likes: 1 |
With $4 to $5 a gallon gas prices you'll se a lot of big gas and diesel guzzling 4x4's on the used car lot I'm guessing.
Last edited by shootbrownelk; 03/06/22.
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Joined: Nov 2002
Posts: 18,476 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Nov 2002
Posts: 18,476 Likes: 2 |
I don’t deal with the public in my biz; I only work with other businesses. One of my customers does resell straight to the public. Another big one only sells to other businesses... point being... in the B-T-B world we are scrambling to raise prices as quickly as we can without killing demand. My material costs are skyrocketing; I simply have to raise the price on parts or I’m working too cheap. Then there’s just inflation in general. I gotta make more money, just to stay even.
These things take time. When Trump imposed tariffs on metals, my costs went up instantly. It took a year or so to gradually raise prices to compensate. Again... you can’t kill the golden goose- which is demand from the final consumers- which can happen if you raise prices too fast.
It sucks. It’s gonna get much worse, I’m afraid. We were already going to suffer some inflation from the actions of both Trump and Biden shoveling out pandemic money. Ukraine will make it that much worse. At some point, are people still gonna buy “stuff” they don’t actually need? One of my big customers provides parts and service for machines that are essentially hobbyist machines. I make a bunch of the parts, others are imported from Europe. I’m in direct competition with European machinists on these parts- ironically, mainly some dude in Poland. If he doesn’t raise his prices soon, I’m not sure what I’ll do. I expect he will. I don’t like making under $50/hr and some stuff I make is getting dang close due to metals skyrocketing. I just paid $238 for a length of bearing bronze that was $168 when I bought it last time a few months ago. I get 25 parts from the piece of material. Do the math... just from that, either me or my customer (both actually; we are splitting it for now) is making over $2 less per part. That’s about 4% of the retail price of the part- just from materials going up. I’ve been paying $168 for that bronze for years...
“May you live in interesting times”- old Chinese curse. They nailed it. GFY!
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Joined: Apr 2007
Posts: 32,312
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2007
Posts: 32,312 |
Not Toyota’s. Just helped my kid buy a 2013 4x4 Taco. Insane prices.
The CENTER will hold.
Reality, Patriotism,Trump: you can only pick two
FÜCK PUTIN!
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Joined: Oct 2004
Posts: 2,142
Campfire Regular
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Campfire Regular
Joined: Oct 2004
Posts: 2,142 |
I don’t deal with the public in my biz; I only work with other businesses. One of my customers does resell straight to the public. Another big one only sells to other businesses... point being... in the B-T-B world we are scrambling to raise prices as quickly as we can without killing demand. My material costs are skyrocketing; I simply have to raise the price on parts or I’m working too cheap. Then there’s just inflation in general. I gotta make more money, just to stay even.
These things take time. When Trump imposed tariffs on metals, my costs went up instantly. It took a year or so to gradually raise prices to compensate. Again... you can’t kill the golden goose- which is demand from the final consumers- which can happen if you raise prices too fast.
It sucks. It’s gonna get much worse, I’m afraid. We were already going to suffer some inflation from the actions of both Trump and Biden shoveling out pandemic money. Ukraine will make it that much worse. At some point, are people still gonna buy “stuff” they don’t actually need? One of my big customers provides parts and service for machines that are essentially hobbyist machines. I make a bunch of the parts, others are imported from Europe. I’m in direct competition with European machinists on these parts- ironically, mainly some dude in Poland. If he doesn’t raise his prices soon, I’m not sure what I’ll do. I expect he will. I don’t like making under $50/hr and some stuff I make is getting dang close due to metals skyrocketing. I just paid $238 for a length of bearing bronze that was $168 when I bought it last time a few months ago. I get 25 parts from the piece of material. Do the math... just from that, either me or my customer (both actually; we are splitting it for now) is making over $2 less per part. That’s about 4% of the retail price of the part- just from materials going up. I’ve been paying $168 for that bronze for years...
“May you live in interesting times”- old Chinese curse. They nailed it. Check Check out metal and fuel prices since Biden took office. You are truly a dumb [bleep]
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Joined: Apr 2007
Posts: 32,312
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2007
Posts: 32,312 |
I don’t deal with the public in my biz; I only work with other businesses. One of my customers does resell straight to the public. Another big one only sells to other businesses... point being... in the B-T-B world we are scrambling to raise prices as quickly as we can without killing demand. My material costs are skyrocketing; I simply have to raise the price on parts or I’m working too cheap. Then there’s just inflation in general. I gotta make more money, just to stay even.
These things take time. When Trump imposed tariffs on metals, my costs went up instantly. It took a year or so to gradually raise prices to compensate. Again... you can’t kill the golden goose- which is demand from the final consumers- which can happen if you raise prices too fast.
It sucks. It’s gonna get much worse, I’m afraid. We were already going to suffer some inflation from the actions of both Trump and Biden shoveling out pandemic money. Ukraine will make it that much worse. At some point, are people still gonna buy “stuff” they don’t actually need? One of my big customers provides parts and service for machines that are essentially hobbyist machines. I make a bunch of the parts, others are imported from Europe. I’m in direct competition with European machinists on these parts- ironically, mainly some dude in Poland. If he doesn’t raise his prices soon, I’m not sure what I’ll do. I expect he will. I don’t like making under $50/hr and some stuff I make is getting dang close due to metals skyrocketing. I just paid $238 for a length of bearing bronze that was $168 when I bought it last time a few months ago. I get 25 parts from the piece of material. Do the math... just from that, either me or my customer (both actually; we are splitting it for now) is making over $2 less per part. That’s about 4% of the retail price of the part- just from materials going up. I’ve been paying $168 for that bronze for years...
“May you live in interesting times”- old Chinese curse. They nailed it. GFY! Nah, I have people for that. Lol
The CENTER will hold.
Reality, Patriotism,Trump: you can only pick two
FÜCK PUTIN!
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Me.
I will burn about 9k gallons this season. Big chunk of change compared to what we have been paying. Even at a $2/gal increase that’s only $18k. Buddy owns an excavation company. He’s burning an average of 7 gallons an hour on 30 pieces of equipment at 1500 hours a year, so 315,000 gallons a year. Figure at least $1.50/gal more since Let’s go Brandon took office. $467,500 is a tough hit to profit margins.
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
Me.
I will burn about 9k gallons this season. Big chunk of change compared to what we have been paying. Even at a $2/gal increase that’s only $18k. Buddy owns an excavation company. He’s burning an average of 7 gallons an hour on 30 pieces of equipment at 1500 hours a year, so 315,000 gallons a year. Figure at least $1.50/gal more since Let’s go Brandon took office. $467,500 is a tough hit to profit margins. I can’t remember what the price was last year. $3.50? Two years ago you felt like you were winning whenever you paid the fuel bill. That was stupid. 18k is still a few nice vacations for the wife and kids.
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Joined: Apr 2007
Posts: 32,312
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2007
Posts: 32,312 |
I don’t deal with the public in my biz; I only work with other businesses. One of my customers does resell straight to the public. Another big one only sells to other businesses... point being... in the B-T-B world we are scrambling to raise prices as quickly as we can without killing demand. My material costs are skyrocketing; I simply have to raise the price on parts or I’m working too cheap. Then there’s just inflation in general. I gotta make more money, just to stay even.
These things take time. When Trump imposed tariffs on metals, my costs went up instantly. It took a year or so to gradually raise prices to compensate. Again... you can’t kill the golden goose- which is demand from the final consumers- which can happen if you raise prices too fast.
It sucks. It’s gonna get much worse, I’m afraid. We were already going to suffer some inflation from the actions of both Trump and Biden shoveling out pandemic money. Ukraine will make it that much worse. At some point, are people still gonna buy “stuff” they don’t actually need? One of my big customers provides parts and service for machines that are essentially hobbyist machines. I make a bunch of the parts, others are imported from Europe. I’m in direct competition with European machinists on these parts- ironically, mainly some dude in Poland. If he doesn’t raise his prices soon, I’m not sure what I’ll do. I expect he will. I don’t like making under $50/hr and some stuff I make is getting dang close due to metals skyrocketing. I just paid $238 for a length of bearing bronze that was $168 when I bought it last time a few months ago. I get 25 parts from the piece of material. Do the math... just from that, either me or my customer (both actually; we are splitting it for now) is making over $2 less per part. That’s about 4% of the retail price of the part- just from materials going up. I’ve been paying $168 for that bronze for years...
“May you live in interesting times”- old Chinese curse. They nailed it. Check Check out metal and fuel prices since Biden took office. You are truly a dumb [bleep] Can you not read? Are you just... stoopid? I am intimately acquainted with both metal and fuel prices, TYVM. How about YOU check out what happened when Trump applied his tariffs. Get back to me on that one. Hint: prices went way up. And yep, metal has gone up under Biden. It was gonna anyway- anyone with a brain knew inflation was coming and was regardless of who won in 2020. As it turned out Biden won in the proverbial landslide and, here we are. I’m not blaming Trump (other than the tariffs, which were retarded). We devalued our currency with all the pandemic money. It was that or crater the economy. That adult decision was made by both R’s and D’s. Now we are paying the piper. The Ukraine [bleep] is going to make it much worse. Is what it is. How about you act like an adult about it? Lol... like you even could do that.
The CENTER will hold.
Reality, Patriotism,Trump: you can only pick two
FÜCK PUTIN!
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Joined: Nov 2002
Posts: 33,784 Likes: 9
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,784 Likes: 9 |
The real estate bubble pop will look like a atomic bomb compared to 2008 This isn’t 2008. If the housing market crashes beyond isolated urban pockets that sane people are fleeing, then the broader economy is fugked. There is no inventory of homes for sale or rentals in our area and city slickers are flooding in. Luxury items will be first. Then the automobile market, then anything that’s not necessary to live. Most peoples budgets are barely going to allow housing, food and fuel by Summer and Fall will be worse. If you’re not prepared or preparing you should be. For sure lots of people from high rent areas and COVID lockdowns moved out the rental industry is booming locally can’t build apartment buildings fast enough but the folks buying the $500k houses worth $200k is where it will pop The problem is, those $500k houses aren’t worth $200k anymore. Inflation isn’t transitory. If I had to guess, that $500k is going to look like a bargain by this time next year. Burger flippers making $15/hr can now afford $1000/mo rent instead of the $450 they could afford last year when they were making $8.50/hr. Welcome to the new normal. Low interest debt is the smartest play right now. Bingo.
Conduct is the best proof of character.
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Joined: Feb 2010
Posts: 2,846 Likes: 2
Campfire Regular
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Campfire Regular
Joined: Feb 2010
Posts: 2,846 Likes: 2 |
A tenant's hope to ever own a home.
As everything is at least 25% more expensive now, we will be raising all rents accordingly. Also will be raising rates and fuel surcharges for all customers as well.
The people that lose the most, voted for it to begin with.
Ironic.
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Joined: Oct 2021
Posts: 10,923 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,923 Likes: 4 |
No worries as another round of stimulus checks are coming by mid summer.
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Joined: Feb 2013
Posts: 6,458
Campfire Tracker
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OP
Campfire Tracker
Joined: Feb 2013
Posts: 6,458 |
When President Trump left, national average for gas was 2.39. Gas here is 4.19, that is a 75% increase. So it was not 3.50............
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
With $4 to $5 a gallon gas prices you'll se a lot of big gas and diesel guzzling 4x4's on the used car lot I'm guessing. I hope so. I need a few right now. I’d take a 450/4500 crew cab diesel dually 4wd with a steel flatbed with under 100k miles right now.
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Joined: Nov 2002
Posts: 18,476 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Nov 2002
Posts: 18,476 Likes: 2 |
"What dies in this economy?"
Hopefully Biden voters, slowly and painfully.
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Joined: Feb 2010
Posts: 16,133 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,133 Likes: 2 |
I don’t deal with the public in my biz; I only work with other businesses. One of my customers does resell straight to the public. Another big one only sells to other businesses... point being... in the B-T-B world we are scrambling to raise prices as quickly as we can without killing demand. My material costs are skyrocketing; I simply have to raise the price on parts or I’m working too cheap. Then there’s just inflation in general. I gotta make more money, just to stay even.
These things take time. When Trump imposed tariffs on metals, my costs went up instantly. It took a year or so to gradually raise prices to compensate. Again... you can’t kill the golden goose- which is demand from the final consumers- which can happen if you raise prices too fast.
It sucks. It’s gonna get much worse, I’m afraid. We were already going to suffer some inflation from the actions of both Trump and Biden shoveling out pandemic money. Ukraine will make it that much worse. At some point, are people still gonna buy “stuff” they don’t actually need? One of my big customers provides parts and service for machines that are essentially hobbyist machines. I make a bunch of the parts, others are imported from Europe. I’m in direct competition with European machinists on these parts- ironically, mainly some dude in Poland. If he doesn’t raise his prices soon, I’m not sure what I’ll do. I expect he will. I don’t like making under $50/hr and some stuff I make is getting dang close due to metals skyrocketing. I just paid $238 for a length of bearing bronze that was $168 when I bought it last time a few months ago. I get 25 parts from the piece of material. Do the math... just from that, either me or my customer (both actually; we are splitting it for now) is making over $2 less per part. That’s about 4% of the retail price of the part- just from materials going up. I’ve been paying $168 for that bronze for years...
“May you live in interesting times”- old Chinese curse. They nailed it. GFY! Nah, I have people for that. Lol Homosexuals, no doubt.
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Joined: Mar 2020
Posts: 4,813
Campfire Tracker
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Campfire Tracker
Joined: Mar 2020
Posts: 4,813 |
Kingston has a pic of JeffOs lover.
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Joined: Aug 2009
Posts: 3,027
Campfire Tracker
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Campfire Tracker
Joined: Aug 2009
Posts: 3,027 |
The real estate bubble pop will look like a atomic bomb compared to 2008 This isn’t 2008. If the housing market crashes beyond isolated urban pockets that sane people are fleeing, then the broader economy is fugked. There is no inventory of homes for sale or rentals in our area and city slickers are flooding in. Luxury items will be first. Then the automobile market, then anything that’s not necessary to live. Most peoples budgets are barely going to allow housing, food and fuel by Summer and Fall will be worse. If you’re not prepared or preparing you should be. For sure lots of people from high rent areas and COVID lockdowns moved out the rental industry is booming locally can’t build apartment buildings fast enough but the folks buying the $500k houses worth $200k is where it will pop The problem is, those $500k houses aren’t worth $200k anymore. Inflation isn’t transitory. If I had to guess, that $500k is going to look like a bargain by this time next year. Burger flippers making $15/hr can now afford $1000/mo rent instead of the $450 they could afford last year when they were making $8.50/hr. Welcome to the new normal. Low interest debt is the smartest play right now. Bingo. if you dont lose your job in a recession.....low interest...still have to service the debt...bob
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Joined: Oct 2021
Posts: 10,923 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,923 Likes: 4 |
In the world economy Europe is headed for full recession soon.
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