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Whole sale prices up the largest amount 12/10 in a years time. "A spike in oil and food costs pushed wholesale prices up last month by the biggest amount in nearly a year, a trend that could threaten the still-fragile global economy."
With gas threatening to hit $5/gallon at years end:
-How does this affect you?
-What will you change in response?
-Will your bargaining/shopping trip change?
Re: Whole sale prices up the largest amount 12/10 in a years time. 
Re: Whole sale prices up the largest amount 12/10 in a years time. Less driving for sure, less trips out of town to visit my family and less vacations.Originally Posted by Mothernature
I'll continue to get food items as cheaply as possible and continue to stockpile. I'll have to see how it goes to see if it will affect anything else.
Re: Whole sale prices up the largest amount 12/10 in a years time. Well, I've been waiting on this to happen. I'll be stepping up my stockpiling and couponing (have already started). Also, I'll drive less and try to consolidate my trips more. I'll cut down on purchases that are not a necessity.
If I have to, I'll try and trim my energy usage to a bare minimum. It'll be easier for me to do in the summer time. I may have to put my son on the school bus rather than driving him back and forth.
My husband's job is 'touchy' with the economy. I suppose we'll have to start socking even more money into savings. I'll probably have to sell some things we don't use anymore - which is fine, less clutter.
Re: Whole sale prices up the largest amount 12/10 in a years time. We'll have another major crisis a la 9/08 before gas hits an average of $5/gal. The economy can't support those prices - and once it's no longer profitable to speculate in oil, the speculators will pull out of that market and look elsewhere. If gas prices ramp up again like they did in the spring & summer of '08, they'll come crashing back down in spectacular fashion like they did in the fall of '08.
More concerning is the spike in food costs. Higher fuel costs are hard enough on the transport of foodstuffs, but when you combine high fuel with high crude goods costs (i.e. raw food materials such as wheat, soybeans, oats, coffee, etc), you've got a serious issue.
Our beloved grocery stores are caught in the middle of it all, too. There's only so much price increase they can pass on to the customer. If they raise prices too much, customers go elsewhere; if they can't raise prices, they can't afford to stock the shelves.
See:
Struggling Supervalu confronts rising prices - TwinCities.com
and
A&P Files for Bankruptcy - WSJ.com
Re: Whole sale prices up the largest amount 12/10 in a years time. A local grocer on the east coast opened a new, larger store mid-last month. The parking lot before they expanded was very busy. With the new store, the parking lot has doubled with cars. I visited the store last weekend. Their produce was mostly local. We picked up a 3 lb bag of apples for $1.99.
There is a Supervalu chain here. Their prices fall in line with the local grocer Stop N Shop. I've found both produce sections obscenely high and the produce of lower quality. What ails Supervalu is what plaques Rite Aid. Both companies chewed off more than could afford right before or at the beginning of this "great recession". Rite Aid may be to turn it around with their wildly popular Ups program, Supervalu has little means to offset the costs to the consumer.
Super Target and Wal-Mart may force grocers out of business. Wish we had one in our area.
I think we'll start to see more localization in the grocery stores to fight rising costs. This should start to occur with the supply of fossil fuels dwindling.
My family drives so little that I can not tell you the current price of gas. We can access everything by foot or public transportation. We're also stepping up on stockpiling too.
Re: Whole sale prices up the largest amount 12/10 in a years time. Well I have already stepped up my stockpile a lot. I will continue to do that. I am working on 3 years worth of clothes for all of us. We are limiting trips to town because its an hour away. We have to go later this month . And when we go we do everything we need to get done. This makes a long tiring day LOL. We will stay locoal as much as possible. Which means I only have Walmart and Kroger but I can live with that. We are getting more laying hens this year.
Re: Whole sale prices up the largest amount 12/10 in a years time. And I forgot our Graden is going to much larger this year. And I have all my supplies to can and freeze all I need to.
Re: Whole sale prices up the largest amount 12/10 in a years time. As far as gas prices, thank gosh DH has a company van and company gas card. I think in the last 3 yrs we have only put about 4K miles on his gas guzzling truck! And while 23 is not respectable gas mileage with my car, I am happy with it since we rarely go anywhere besides work and local (less than 5 miles) shopping.
Re: Whole sale prices up the largest amount 12/10 in a years time. I already try to drive as cheaply as possible, so I don't know where I'd cut back. When I bought a new car last year, I bought as economical as I could get-- a stick shift sedan that consistently gets a little better than 40 mpg if I drive sensibly, and I have a small motorcycle that I can use (and have used) as my primary transportation. It gets around 70 mpg. Other than that, I already combine trips and don't do that running into town for one item thing, but I do have a significant daily work commute. I've been expecting gas prices to eventually go back up, though, and prepared for it.
I don't really know where I'd cut back on groceries except overall less consumption which wouldn't hurt me, anyway. I already garden, freeze and can, and coupon.
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