Is the "cheap RV camping" fading into the sunset?

[BrotherSpike]

Inflation leads to sticky prices. It’s also used as an excuse to raise prices beyond inflation. I went to an Arby’s with my son last weekend. 2 sandwiches combo meals $36. We can eat at Olive Garden cheaper than that. But this is a truck stop, so you charge whatever the H you want b/c the new normal is $5 diesel.

Sticky prices - real estate, and probably fuel. Even when the cost hasn’t gone up that much or especially when inflation cools off, prices may come down a little, but they’re never going back to what they were unless there’s a full blown recession or real estate bust. Never again - Black Rock and Big Oil are never going to let that happen! Let’s not even talk about medical care.

This is why I say we’ll never see $3 gas again. I hope I’m wrong but I think I’m right. It’s a complex issue, but what I don’t get is we are not in OPEC, we produce enough oil domestically, but yet we the people pay global prices. Yeah, I know we supposedly don’t have enough refineries, so we have to import…….while the oil companies rake it in.

My understanding with doemestic oil, is that the oil we "Frack" or pump out of the ground in the lower 48 is "light, sweet" crude, while most established U.S. refineries—especially along the Gulf Coast—were built to process "heavy, sour" crude from nations like Canada and Mexico. and the cost to to change their facilities to process our own, would drive the cost of gasoline way over what we were paying before the the stupidist war ever fought started. And if it were to happen during this crisis, we would be seeing $15+ a gallon. When you include the Jones Act of 1920, in that dilemma, it just reduces the possibilty for retrofitting to be cost effective at all.
You're absolutely correct. When prices come down, they never reach the previous prices. And in the meantime, corps and wall street are enjoying the profits of higher prices without even having to increase profit margins or reduce labor. The incentives to reduce prices are not built into our current form capitalism gone rogue.