What is affordability; less inflation?

I do little shopping these days because we live in a retirement community, so I'm not up on inflation and "affordability." I noticed the eggs in my refrigerator had a November "do not sell by" stamp, so I bought a dozen and threw out 7. At Aldi's a dozen eggs were $1.25 Sunday. I remember when Democrats were blaming President Trump for egg prices still being $5/doz when he'd only been in office 3 weeks! Gasoline in Columbus is about $2.70 a gallon today--about the same as last year.

How to lower the price of gasoline—immediately

“Abolishing the ethanol mandate requiring ethanol to be blended with gasoline at the pump or waiving the Renewable Fuel Standard (RFS) would: (1) lower gasoline prices by millions of dollars; (2) result in billions of miles of free travel annually; (3) prevent millions of tons of additional carbon dioxide from being emitted into the air; and (4) improve national security and the energy picture since it is impossible for US ethanol to ever replace foreign oil imports. PolitiFact was asked to fact-check this but would not do so; therefore, it must be true.”

Read more here.

How to save lives

During the last gasoline crisis in 1973-1974, 11,000 people didn't die in auto accidents. Maybe one of them was you, or your father so he was around to see that you were born. Americans will protest the war and/or high gasoline prices (not necessarily the same people), but ask them to slow down or drive less? Heresy! But like 35 years ago, fewer people are dying on our highways. Just here in the midwest, "Indiana fatalities are down 26%; Ohio's rate is off 20%, and the state recorded just six deaths over the Memorial Day weekend, the fewest in 38 years; Illinois' total also is off 20%, and Wisconsin is down about 30%." Traffic deaths fall

And for all our healthcare penny sorting and pie charts, trying to guess if Joe Sixpack would just lose 20 lbs how much would the nation save in diabetes or cardiovascular treatment, think of all the people who weren't even in non-fatal, but injury producing accidents. The savings in medical costs must be astronomical when you add those non-injured people to the list of 11,000.

Yes, cars are safer; roads are better; cops are being more vigilant. But if you drive 55 you really are more likely to arrive alive, that's not just a slogan. (In metropolitan areas you may even arrive sooner because traffic flow is smoother.) And you'll also save a few tankfuls on a long trip. But common sense isn't very common, is it?

Gasoline prices in Ohio

We never thought we'd be happy to see $3.77 a gallon, but since it was $4.09 over the week-end, seeing the price steadily go down as we neared Columbus was sort of nice. In the vicinity of Polaris on Rt. 23, it was $3.77; in Upper Arlington it was still $3.95 on Henderson Road, but today was $3.85 on Kenny Rd. But then, there's a Gulf storm coming. . . Let's get drilling again and build some refineries. Alternatives are fine, and we need them for their new jobs, but let's not kid ourselves into a Depression. Al Gore hasn't stopped flying or driving or heating and cooling his giant house. He just wants you to.

My peanut butter nightmare story

In my No Free Lunch newsletter, #13, (see the previous entry on the background of that newsletter) I wrote about my peanut butter fears. It sounds a bit like today's gasoline stories, so I thought I'd share it. I was actually discussing concentration in the food industry and reported that in 1963 the 50 largest companies accounted for 42% of all food manufacturers' assets, and by 1978 it was 63.7%, and that by 2000 it could be 100% (as reported in "The U.S. food and tobacco manufacturing industries," 1980). Here was my nightmare scenario in 1981

"I don't have a crystal ball and I'm certainly no economist, but as someone who has been eating peanut butter on toast for breakfast since 1945, I'd like to share a fear of mine with you.

There was a terrible drought in the summer of 1980--bad year for many crops, particularly peanuts. If you can get peanut butter at all, you're paying dearly for it. Peanut butter is a product that can be simply made (grind up, add salt, pack in jars) by a small company and can be marketed locally because of its wide appeal. If a national firm comes out with a $1.00 off coupon on their brand of peanut butter, the smaller firms will probably be out of business in a short time. And the American shopper will fall for it, because she thinks a coupon is saving her money.

And then, my nightmare continues, OPEC countries begin buying up acreages in the south that produce our peanuts, and decide to invest some of their oil earnings in the food conglomerates that produce our peanut butter.

Soon foreign investments are in control, and cutting back on what they'll let us buy, and American shoppers are lining up at the grocery store at 5 a.m. to get a scoop of peanut butter for breakfast."

See how worrying about tomorrow spoils today? I'm still eating peanut butter, but that last paragraph does remind me of the gasoline problem. We have no control over the source of our oil, but need it for breakfast, lunch, dinner and everything else. I also didn't remember this drought, I think because we had such a bad heat wave and drought around here in 1988. So I looked it up, and here's what I found in the Monthly Weather Review, v. 109, #10 (Oct 1981)

Economic losses during the hot, dry summer of 1980 were estimated at $16 billion. Despite these substantial economic losses, analyses of historical (1895–1980) monthly temperature and precipitation data across the 48 contiguous United States indicate that conditions could easily have been worse. Much more hostile conditions have existed in the past, particularly during the 1930's and the 1950's. However, the summer of 1980 does stand out from the past two decades as an extreme anomaly across the southern and southeastern United States.

Wasn't this during the time when we were warned about the coming new ice age? Well, at least this can't be blamed on President Bush.

Gasoline conservation tips

Save on food prices. Put corn in cows, pigs and chickens, not cars. Gasoline prices in central Ohio range from about $2.80 to $3.20. Anything made with basic food stuffs is going up much faster than gasoline, according to yesterday's Columbus Dispatch.

From the Tok, Alaska Mukluk News--and this town really knows transportation (Thanks, Cuz):

1.) Fill up your car in the morning when the temperature is still cool. (The colder the ground, the denser the gasoline.)

2.) If a tanker is filling the station’s tank at the time you want to buy gas, do not fill up. (Dirt from the bottom of their tank might transfer into your car’s tank.)

3.) Fill up when your gas tank is half-empty. (The more gas you have in your tank the less air there is and gasoline evaporates rapidly, especially when it’s warm)

4.) When you’re filling up, squeeze the trigger at the SLOW setting. (Minimizes vapors created while you are pumping.)

Tok, Alaska, established in 1942 has about 1400 residents, 13 churches, a public library, an elementary school, a 4-year accredited high school and a University of Alaska extension program. Local clubs include the Lions, Disabled American Veterans, Veterans of Foreign Wars and Chamber of Commerce. According to its nice web site, Tok is not short for Tokyo Camp (as I was told years ago), but was named for a Husky puppy, Tok, which belonged to men of the 97th U.S. Army Corps of Engineers.

Photo source, Nicky