June Inflation Highest Since February, CPI +2.7%

[ua_guy]

35-40k is my rough guesstimation, mostly without data. That would be a 20%+ correction but I think the unknown vectors are how long and how severe the unprovoked war on Iran goes on. If energy prices persist, we are on the cusp of skyrocketing food and goods pricing b/c fertilizer, shipping, global freight, it all runs on petro chemicals. Energy is seeing a 30% spike so it makes sense that most all of that reverses gains in the market through inflation and sacking US consumers in the wallet.

[LivingAlmostLarge]

35-40k is my rough guesstimation, mostly without data. That would be a 20%+ correction but I think the unknown vectors are how long and how severe the unprovoked war on Iran goes on. If energy prices persist, we are on the cusp of skyrocketing food and goods pricing b/c fertilizer, shipping, global freight, it all runs on petro chemicals. Energy is seeing a 30% spike so it makes sense that most all of that reverses gains in the market through inflation and sacking US consumers in the wallet.

except inflation will push prices back up and weaker dollar inflating the market. And jerome just said he's not cutting rates

[QuarterMillionMan]

DOW falls into correction territory as war looms. I'd like to see a huge crash where everything comes on sale (ie, stocks, real estate, etc).

[ua_guy]

I want the economy to grow solidly and meaningfully, rising the tide and lifting all boats. And I want our country to not be at war. It's too much to ask for right now, I know.

[QuarterMillionMan]

Los Angeles biodiesel is approaching $8 (not sure if it's the same as diesel).

[james.hendrickson]

Totally, gas is like 4 bucks here in Portland.

[ua_guy]

This is what y'all wanted; enjoy the hell out of it

[james.hendrickson]

Ua_Guy, for sure. Its like the war kicked off in Iran and then the stock market decided it wanted to take a nose dive. I think everyone is basically feeling like they deserve better.

[myrdale]

Gas prices go up and down all the time. I fail to understand all the heartburn. We're headed into summer on top of that. Here is the past 10 years of gas prices for reference.

It looks like 2017 to 2021 prices weren't too bad. Then they really took off and didn't settle out till around 2025. Hmmm I wonder?

[ua_guy]

Gas prices go up and down all the time. I fail to understand all the heartburn. We're headed into summer on top of that. Here is the past 10 years of gas prices for reference.

It looks like 2017 to 2021 prices weren't too bad. Then they really took off and didn't settle out till around 2025. Hmmm I wonder?

There will be the simps who hang on and insist current pricing is normal and unrelated to the current elective geopolitical conflict in the middle East, yes. There is that.

[Like2Plan]

Los Angeles biodiesel is approaching $8 (not sure if it's the same as diesel).

Wowie--that's quite a jump from a few days ago! We were just visiting the Los Angeles area (Disneyland) --filled up our rental car on departure (3/26/2026) at a Costco station. It was $5.40/gallon (about .40/gallon cheaper than the neighboring stations).

[QuarterMillionMan]

Chevron is the outlier with the highest prices. I just filled up at ARCO in Torrance, California at $5.79.

[myrdale]

There will be the simps who

As per typical out of Ua_guy, vulgar name calling. I don't see how that is appropriate behavior for a discussion on gas prices.

[kork13]

I drive a small, fuel-efficient little "kei car" for generally low miles, so I only need to gas up once every 3ish weeks. Got gas today at $4.53/gal ..... ::gulp:: ..... Luckily, it's also a small 7-8gal tank, so it's not a huge expense.... But I must admit that seeing it so high made me remember & long for the days of ~$1.50/gal that I remember from high school. Of course, basic inflation over 20 years makes a big difference. But the sticker shock today was definitely quite real.

[ua_guy]

As per typical out of Ua_guy, vulgar name calling. I don't see how that is appropriate behavior for a discussion on gas prices.

What I used isn't a vulgar term, a simp is someone who exhibits excessive sympathy. I think it's pretty easy to see the cause and effect with regard to recent gas prices. This isn't normal cyclical behavior. You understand and relate things to the Bell Curve, yes? These data points would fall on the tails.

To the credit of gas prices, they have the public focused on them, then the war. Inflation, pedophilia, government officials murdering American citizens on US soil, and stealing taxpayer money are all last month's headlines now.