National Average Price of Gasoline Hits an All-Time High

The pay packages are valued at more than 14 times those of leaders of larger auto makers such as Ford Motor Co. and General Motors Co. They also rank among the biggest for any CEOs in the Russell 3000 index, accord-ing to data from MyLogIQ.

Total compensation for the CEO of Rivian and Lucid, 2 EV start ups, close to 1 billion combined. I don’t care, people should get what they can. And for it to actually happen, they will need to succeed.

Just for amusement, people complaining about record oil company profits. We want companies to be profitable.

Lucid, Rivian Each Awarded CEOs More Than $400 Million in Pay Last Year
 
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Krispy Kreme is selling an a dozen original glazed doughnuts for the price of a gallon of gas. Today only!
Actually has been every Wednesday for at least a month... pretty soon Wednesdays will be the most expensive day to buy a dozen.

edit TUV beat me to the punch
By the time this promotion ends, you'll be paying a premium for a dozen donuts on Wednesdays.
 
I'm in San Diego this week and I get to buy $7 a gallon gas today. So excited!!

The only thing more exciting has been navigating the HORDES of homeless people downtown. Aint seen anything like this outside of LA.
Damn it’s too bad the San Fran urban decay model has made it all the way down the coast. San Diego was always the one place in the whole state I felt at home in.
 
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Quick reminder to those who forget these facts. Not President nor Congress set gas prices, the private sector does. The last time oil was $120 per barrel gas prices were $3.96 per gallon. Also a fact, oil companies just reported record profits for the quarter. None of this is disputable. Now, I will watch, snickering, while everyone does a cute little dance around these facts.

Why did gas prices go up again, and why is there no relief in sight?

When COVID-19 struck and world economies closed, demand plunged for oil and gas, so many companies closed their plants. Others were hit by bad weather. Some companies stopped investing in refineries because of uncertainty over how the transition to green energy would affect their business. When Russia invaded Ukraine, more refineries in Russia were taken offline.

Tell me again how the government doesn't have anything to do with gas prices.
 
I'm in San Diego this week and I get to buy $7 a gallon gas today. So excited!!

The only thing more exciting has been navigating the HORDES of homeless people downtown. Aint seen anything like this outside of LA.
If I were homeless, I would head to the California coast. The weather and the social policies would be unbeatable.
 
Seeing signs of the economy slowing down. Guy I know owns an electric motor shop. Clients are not buying motors and his clients are some pretty big manufacturers. Says they are doing nothing but repairs as needed, no expansion at all.

Anyone else seeing signs of a slowdown?
 
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Seeing signs of the economy slowing down. Guy I know owns an electric motor shop. Clients are not buying motors and his clients are some pretty big manufacturers. Says they are doing nothing but repairs as needed, no expansion at all.

Anyone else seeing signs of a slowdown?

not at work.

I do the Chic Fil A eye test everyday. The morning drive thru line has shrunk considerably.

The slowdown is a definite, no doubter on the way.
 
Seeing signs of the economy slowing down. Guy I know owns an electric motor shop. Clients are not buying motors and his clients are some pretty big manufacturers. Says they are doing nothing but repairs as needed, no expansion at all.

Anyone else seeing signs of a slowdown?

Sporadically, yes. Still talk to a lot of people that are busy but we see troubling signs. I've heard a couple of sawmills have laid everyone off and shut down recently.
 
Seeing signs of the economy slowing down. Guy I know owns an electric motor shop. Clients are not buying motors and his clients are some pretty big manufacturers. Says they are doing nothing but repairs as needed, no expansion at all.

Anyone else seeing signs of a slowdown?

Not yet but have been told to expect capital budgets to be slashed in the next budget cycle by a couple clients.
 
Seeing signs of the economy slowing down. Guy I know owns an electric motor shop. Clients are not buying motors and his clients are some pretty big manufacturers. Says they are doing nothing but repairs as needed, no expansion at all.

Anyone else seeing signs of a slowdown?
working on a good project right now that has been in works for a long time
Frankly my phone is not ringing and the last month projects have been non existent
 
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Seeing signs of the economy slowing down. Guy I know owns an electric motor shop. Clients are not buying motors and his clients are some pretty big manufacturers. Says they are doing nothing but repairs as needed, no expansion at all.

Anyone else seeing signs of a slowdown?
I posted that Nissan is only about 55% of capacity a week or so ago, due to lack of sales (not lack of parts or chips).
 
I posted that Nissan is only about 55% of capacity a week or so ago, due to lack of sales (not lack of parts or chips).

Most large production companies either have gone into the “circle the wagon “ mode or will soon depending on how their metric triggers are set up . I know at Caterpillar the first thing to be stopped is any project that hasn’t been started in that cycle when they trip . That stops all outside vendors in their tracks . After that it’s just a planned series of layers that are cut as needed .
 
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Most large production companies either have gone into the “circle the wagon “ mode or will soon depending on how their metric triggers are set up . I know at Caterpillar the first thing to be stopped is any project that hasn’t been started in that cycle when they trip . That stops all outside vendors in their tracks . After that it’s just a planned series of layers that are cut as needed .
DC is always the last to know
Amazing really
 
Im not sure the poster can read.

Judging from previous posts, this is what we're dealing with.

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