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Old 05-14-2008, 09:16 AM   #1
teomaxxx
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US goverment says gas prices lower in APRIL :-)

Todays CPI just told you that gasoline prices DROPPED 2.0% in APRIL

I already knew that CPI is a lie, but its great to see it the mainstream press:


"Americans are feeling a lot more economic pain than the government's official statistics would lead you to believe, according to a growing number of experts."

http://biz.yahoo.com/cnnm/080514/051308_misery.html

eg.
Bill Gross, the manager of Pimco Total Return, the nation's largest bond fund, refers to the CPI as a "con job" that deliberately understates the price pressures faced by Americans in order to keep Social Security payments and other government costs pegged to the index unduly low.
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Old 05-14-2008, 09:18 AM   #2
F-U-Jimmy
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Their right it went down from $3.80 in April to $4.30 today here in Del Mar
nice one
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Old 05-14-2008, 09:21 AM   #3
GrouchyAdmin
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Sometimes, it's less of a burden when you have a pile of shit and your car is on order. I haven't paid for a new tank in... 6 weeks!
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Old 05-14-2008, 09:21 AM   #4
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Thats too funny
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Old 05-14-2008, 09:22 AM   #5
sumphatpimp
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so, if I piss on your shoes and tell you it is raining, are you going to believe it?
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Old 05-14-2008, 10:02 AM   #6
Eman - PG
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CPI doesn't include just rice, wheat, eggs and gas. It's a basket of goods and services.
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Old 05-14-2008, 11:00 AM   #7
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So basically you'd prefer the CPI numbers to not be seasonally adjusted? Why or why not?
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Old 05-14-2008, 11:03 AM   #8
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my ass they went down. prices have gone up about $.20 per gallon for premium since last month.

however, i was just in Atlantic City and gas in Jersey is cheaper by about $.25 then in PA... odd
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Old 05-14-2008, 11:11 AM   #9
Ron Bennett
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Quote:
Originally Posted by teomaxxx View Post
Todays CPI just told you that gasoline prices DROPPED 2.0% in APRIL
Perhaps true for folks who pay with Euros instead of dollars

Ron
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Old 05-14-2008, 11:39 AM   #10
IllTestYourGirls
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and we are not in a recession because we had a growth of 0.2% woohoo! I am glad we have all this good news
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Old 05-14-2008, 11:41 AM   #11
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Bullshit....
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Old 05-14-2008, 11:43 AM   #12
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experts LOL
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Old 05-14-2008, 12:19 PM   #13
Ron Bennett
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...however, i was just in Atlantic City and gas in Jersey is cheaper by about $.25 then in PA... odd
State gas tax is much lower in New Jersey than in Pennsylvania...

In addition, most gas stations located at rest stops along the AC Expressway, NJ turnpike, and Gardenstate Expressway are only permitted to change prices once per week.

Also, supposedly, insurance rates for gas stations is lower in NJ than PA due to paid attendents pumping the gas instead of motorists.

NJ and Oregon are unique in that they require consumer gas stations to have paid attendents pump gas.

Ron
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Old 05-14-2008, 12:30 PM   #14
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you guys should leave analyzing CPI, PPI, GDP, ECI, ICs etc to those that have a clue...
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Old 05-14-2008, 12:33 PM   #15
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ofcourse it did ..
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Old 05-14-2008, 02:47 PM   #16
teomaxxx
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you guys should leave analyzing CPI, PPI, GDP, ECI, ICs etc to those that have a clue...
Bill Gross, the manager of Pimco Total Return, the nation's largest bond fund, refers to the CPI as a "con job" that deliberately understates the price pressures faced by Americans in order to keep Social Security payments and other government costs pegged to the index unduly low.
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