Commodity prices across the board seem be permanently elevated.
The days of low oil prices are gone and consumers are feeling the pain.
Purchasing power of the US Dollar is down over 20% in just 4 years.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) March 26, 2024
Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
"US pump prices are likely to climb to the highest since the summer of 2022 — to $4 a gallon — as oil rises amid supply concerns, according to the AAA automobile club."https://t.co/jp13M70vnT pic.twitter.com/XDAxNSx2Oc
— Global Markets Investor (@GlobalMktObserv) March 26, 2024
They are lying about inflation in the govt data. pic.twitter.com/Iz6oozYQJv
— Wall Street Mav (@WallStreetMav) March 26, 2024
OUCH! #Cocoa futures surged above a record $10,000 a ton as shortages drive relentless rally that’s already seen prices double this year and will boost the cost of chocolate throughout 2024. (BBG) pic.twitter.com/PPvptRGWI1
— Holger Zschaepitz (@Schuldensuehner) March 26, 2024
🍫🍫🍫THE CHOCOLATE CRISIS — an UPDATED thread🆕🆕🆕:
Retail chocolate prices are rising (and will increase much further, while shrinkflation will reduce sizes) after wholesale cocoa prices surged to an unthinkable all-time high of ***$10,000 a ton*** on Tuesday.
1/15 @Opinion pic.twitter.com/rX9pUhInz0
— Javier Blas (@JavierBlas) March 26, 2024