299
This is a clean hit (thelemmy.club)
submitted 1 day ago* by to c/worldnews@lemmy.ml
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https://x.com/IRI_Monitor/status/2112040304341598312

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[–] 44 points 1 day ago (20 children)

Literally every single thing that consumers use on a daily basis needs diesel to get to them. Oil goes up, diesel goes up, everything goes up.

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  • [+] -24 points 1 day ago* (19 children)

    Sure, but its a tiny fraction of the total cost and diesel has only gone up a little bit. So maybe my oats cost a single penny more now? Oh no, they barely cost anything anyway.

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  • [–] 39 points 1 day ago (18 children)

    tiny fraction of the total cost

    No, it is a large portion of the total cost.

    diesel has only gone up a little bit.

    Wew lad. It was 3.70 one year ago. Now it's averaging 6.20 in the US. That's a 60% increase.

    maybe my oats cost a single penny more now?

    My guy, you are in for the worst shock of your life within the next 6 months, lol. You are so blissfully unaware I honestly don't want to pop that bubble. I hope you have a good week.

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  • [+] -15 points 1 day ago* (17 children)

    you are in for the worst shock of your life within the next 6 months,

    Heard that one before. Diesel has only gone up 40% here in the UK. Even if diesel was 100% of the cost (it isn't), that's a 40% increase in my oats? I mean realistically I would notice it in the shop and then continue to not care. Still doesn't really sound like that big of a problem compared to the cost of housing tbh.

    Quick edit: mentioned before about house pricing potentially dropping/stagnating here, is that happening elsewhere or is it still rising uncontrollably? Still short term but I hope it spreads into a longer term trend everywhere as that seems like it would help people a lot.

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  • [–] 8 points 16 hours ago (5 children)

    Maybe your just really really really bad at noticing things. maybe "but it's not happening to me personally" is a terrible and inaccurate assessment of the global economy. Just food for thought.

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  • [–] -1 points 14 hours ago (3 children)

    I have noticed where all my money goes throughout my life, and its not oil or products which require it. Its banks and landlords due to the high cost of housing.

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  • [–] 2 points 12 hours ago (2 children)

    Do you eat food or wear clothes? Do you have to go places besides your backyard? Is there paint on your house? Plastic? Medical equipment?

    You seem extremely ignorant to the fact that oil is everywhere in our lives now. You're probably literally wearing an oil product at this very moment, lol.

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  • [–] 0 points 11 hours ago (1 child)

    Those things all cost fuck all compared to housing. Oil is also only a small part of their cost unless you are buying oil.

    Its like that meme, I spend £5000 on caviar and £60 on everything else, someone help my family are starving. Except in this case its housing instead of caviar.

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  • [–] 5 points 14 hours ago* (2 children)

    that’s a 40% increase in my oats?

    No, it's a 3.5% increase cost in your oats based on inflation numbers.

    It's not a lot, but for some people that's the difference between having oats today or having hunger for breakfast.

    You're really out of touch with how precarious people's lives are.

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  • [–] 0 points 11 hours ago* (1 child)

    If we reduced the cost of housing by 1% you could buy more oats than you can eat. Even if the oats doubled in cost.

    Pay rise without housing going up by as much or more would also have a similar result.

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  • [–] 2 points 10 hours ago

    Yeah no shit, but the price of housing keeps going up and the price of oats keeps going up. Both things are getting worse now, whereas before housing was expensive but you could at least still afford to eat.

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  • [–] 18 points 1 day ago* (2 children)

    Right, it's only a 40% increase in the price of every good that requires transportation

    Before you factor in corporations taking advantage of the demand to gouge prices, which as surely as the sun rises, they will.

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  • [+] -9 points 1 day ago

    it’s only a 40% increase in the price of every good that requires transportation

    No, it isn't. Fuel isn't 100% of the cost of products, it isn't even 100% of the cost of transporting them as you have workers and maintenance costs too. Fuel is actually a pretty minor cost of products overall.

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  • [–] 15 points 1 day ago (4 children)

    I dunno if this will put things in perspective, but this is by far the worst oil shock in history, lol.

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  • [+] -8 points 1 day ago (3 children)

    I don't buy oil though, and as I said already housing is vastly more expensive than anything else. Oil isnt making housing more expensive.

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