President Biden: The NEW one and only politics thread

Which is what Trust me means in L.A.

 

Broken corporate promises before democracy, I always say.

"Koch Industries, ($626,500), American Crystal Sugar ($530,000), Home Depot ($525,000), Boeing ($488,000), and UPS ($479,500) have contributed the most money to members of the Sedition Caucus through their corporate PACs."

https://www.citizensforethics.org/r...have-given-40-million-to-the-sedition-caucus/

 

Serious question, because I have no idea how this shit works.

Oil is a commodity. So is orange juice. They trade every day.

Why does the price of gasoline at the local Circle K change every other day, while the price of orange juice at Publix changes maybe once a year?

And on a related note, the Circle K fills its underground tanks full of gasoline for $X. That gasoline will last a week or so until they need to refill the tanks. So why did the price change three times in the interim?

 

Strange things are afoot at the Circle K?

 

Because the Publix (and similar) markup on OJ is waaaaaaay larger than the Circle K markup on gasoline?

 

The international demand for gasoline is somewhat larger than that for orange juice, I must say. A wildly larger market is likely to have larger price swings in absolute terms. But look more closely at the OJ. Movements of a few cents are making fortunes. Didn't everyone see Trading Places?

 

Grocery store profits margins are 1-3%. OJ would seem to be a staple with price elasticity.

 

In Soviet Russia, orange juice demands you!