Tractor lots are full

[Snobdds]

Since it is traded on the world market; the larger market has significant effects on pricing.

Actually, the US trades light sweet crude. The world trades on Brent Crude.

Different oil and different prices.

 

[Hay Dude]

There is not a nation-wide increase in electricity. Many of us co-op members are seeing little to no changes in costs, and co-ops are widespread in rural parts of this country.

Open this link, scroll down to the first chart which shows the changes in kw/hr electricity prices by state.

Tell me if you still think prices didn’t go up between 2022 and 2023

Electricity Rates by State | July 2025 | Choose Energy

Discover which state has the highest and lowest kWh costs throughout the country with our July 2025 Electricity Rates Report.

www.chooseenergy.com

 

[jyoutz]

Actually, the US trades light sweet crude. The world trades on Brent Crude.

Different oil and different prices.

The fact that US crude (and now fuel) is sold internationally does indeed effect the price of fuel. If it were to remain in country, there would be a surplus, thus lowering prices. Whether or not it is the world standard of exchange is secondary to supply leaving the domestic market. And even if that grade of petroleum (and fuel) isn’t the pricing standard, doesn’t mean that international markets don’t compete for those products.

 

[jyoutz]

Open this link, scroll down to the first chart which shows the changes in kw/hr electricity prices by state.

Tell me if you still think prices didn’t go up between 2022 and 2023

Electricity Rates by State | July 2025 | Choose Energy

Discover which state has the highest and lowest kWh costs throughout the country with our July 2025 Electricity Rates Report.

www.chooseenergy.com

Electricity isn’t sold by state; it’s sold by suppliers. The large utilities did increase prices, but many co-ops did not. Of course co-ops only recoup production and operating costs, not profits.

 

[Hay Dude]

Electricity isn’t sold by state; it’s sold by suppliers. The large utilities did increase prices, but many co-ops did not. Of course co-ops only recoup production and operating costs, not profits.

But it still means residential electricity rates went up in like 48 of 50 states. Some went up a lot and like I’ve said over & over, G_______t adds more taxes to electricity and makes it more expensive to generate by adding layer upon layer of regulations and penalties for fossil fuels.

 

[Hay Dude]

Yes, the last couple years have been awful. The near future looks even worse.

I keep thinking every day, could I do more to protect my wealth.…

 

[jyoutz]

But it still means residential electricity rates went up in like 48 of 50 states. Some went up a lot and like i have said over & over, G_______t adds more taxes to electricity and makes it more expensive to generate by adding layer upon layer of regulations and penalties for fossil fuels.

You seem to think that government taxes are the cause of all price increases. The facts are that most utilities rates and taxes are approved by public utility commissions, and this doesn’t happen annually and many commissions are reluctant to raise rates and taxes on public utilities. Most likely operating costs were the reasons why rate increases are approved. But I find it interesting that the co-ops that only pass through production and operations without profits held prices down. I wonder what profit increases were for the utilities that aren’t co-ops? It would be interesting to find out.

 

[Hay Dude]

You seem to think that government taxes are the cause of all price increases. The facts are that most utilities rates and taxes are approved by public utility commissions, and this doesn’t happen annually and many commissions are reluctant to raise rates and taxes on public utilities. Most likely operating costs were the reasons why rate increases are approved. But I find it interesting that the co-ops that only pass through production and operations without profits held prices down. I wonder what profit increases were for the utilities that aren’t co-ops? It would be interesting to find out.

Taxes and inflation

 

[jyoutz]

Taxes and inflation

And record profits. But tax increases don’t happen frequently. It’s not like they increase annually in most places. And many tax increases are propositions on election ballots.

 

[Torvy]

Yes, the cost increases are due to inflation and in some cases regulations. The affect of inflation on wages, supplies and materials drive up the cost of everything, including energy.