Chrysler Parent Stellantis to Stop Operations at Jeep Cherokee Factory

[Boris]

Agree, its just more insanity. I think Ford will survive, they seem to be playing both sides and positioned themselves decently to use EVs to offset the fines paid for gas guzzling trucks and mustangs. Whether the EV thing works or doesnt, they seem to have enough of a foot in both realms to survive.

GM OTOH I dont know, Looked to me like they are all in on the EV bullshit. I think all of GM has "pledged" to be ALL EV by 2030 or 2035??,with Caddy being 100% EV by like Thursday.

Toyota, isnt buying it. CEO even came out and said as much They seem to be pulling a Ford (only a bit better), keeping ice, improving hybrids while developing EVs just in case.

Its a game of tax credits at this point.
Sell enough of zero emission crap and you can keep selling the cars the enthusiasts want.

But notice, gas prices are way down. Under $3 a gallon a lot of places (even in parts of tax heavy IL). Hard to sell an EV when to fill a tank of a big SUV is $50 or so.

 

[Boris]

Can you get WI to carve out just a small piece of that shit state and annex you? I have a good friend in Elgin and always have been amazed at the size of the place. Owning our like eighth Jeep GC, been proud that they were made there also. Sucks for ya dude, really sucks!

Nobody is buying their coal fired new versions of vehicles powered by child slave labor dirty batteries either.

Man, I wish.
I am literally 15 minute drive up a county highway from the IL/WI border.
It would be nice to have my votes actually count too as WI is always a close race for all federal positions. Where as IL, the democratic candidates for senate, governor, and president are all declared about 5 minutes after the polls close.

 

[Speedy!]

Which is kind of a head scratcher. Why are gas prices suddenly down? They were freaking nuts over the summer.

I think Dodge is likely done. They're discontinuing their bread and butter products and them trying to sell other types of vehicles hasn't gone well over the years.

You guys know I love my Toyota 4Runner, that sucker will be 21 years old next year and I've had almost no issues what so ever with that car. Toyota's Achilles heal is they don't put any real power in their cars. My 21 year old 4Runner tows the same as a 2023 model. If they'd develop another real bad ass I6 turbo like the 2JZ or a beefy V6 TT they'd have something.

I've considered a 2JZ swap on my 4Runner with a little turbo. 400 rwhp would be plenty.

 

[why2kmax]

The relatively large drop in fuel prices is def a head scratcher. Is this some sort of ploy to take our minds of whats coming and just spend like retards at Christmas time?

In MD 93 went from about $4.25 to Well under $4 (lowest seen yesterday $3.65) in about a week. Even in PA with higher gas taxes its down to $3.8x. Ive now seen several Sheetz and Rutters stations here in south central PA set the same price for 87/89/93 across the board with the price averaging where 89 used to be. I dont know if its temporary or a stunt or what but WTF is that about?

 

[DGatzby]

Barrel of oil…


Wholesale gas



NATURAL GAS!!
2yr Bond

10 yr



The world is figuring out we have inflation taking our prices overall to levels where they are hurting. People are getting laid off or fired. Look at this thread title!! Folks are worried about their savings and earnings. Interest rates are prohibiting easy borrowing, and are much higher than when the Government allowed them to fall during the damn lockdown the last three years. Which started this nasty round of inflation we have not seen since people elected a peanut farmer in the 80’s. Now many begin to prioritize. Europe has huge problems. China manufacturing has huge problems. Demand for gas is much lower worldwide. Oh, what is the price of electricity compared to several years ago? Our government is not passing out free Covid cash any longer. People must STAY WARM THIS WINTER, EAT AND PAY THE RENT.

Any number of things can change this delicate balance right now that we all are recognizing each day at the gas pump. The overall inflation rate MUST fall BEFORE ANY interest rate will decline. Until then rates WILL continue to rise. Manufacturing will NOT cut prices on anything tied to petroleum products until they are damn sure this volatility stops.

Got a great example my Hellcat friends. We all buy lots of motor oil, regularly. I purchased 12 quarts in July. Gas prices were MUCH higher then. So was oil. See above, that shit (gas and oil spot market) is MUCH cheaper NOW.

Our oil was $49.49 for six quarts in July. Today, it is $52.60! So WTF?

The US home building and mortgage banking sectors in the USA are absolutely busted up right now! The home building sector is very important, many, many items deep in our economy are seeing large drops in demand. More will lose jobs soon. You making refrigerators? Not for long!

Notice another interesting item. Stock Market. Does it not seem strange that recently given all of this, it is NOT continuing to fall?

Enjoy this strange period where the government actually directed the petroleum industry to make more gas and less diesel. Also many refineries are on line now and were not months ago. Anything may happen geopolitical wise, or with OPEC who we are dependent upon again. We have no strategic petroleum reserves now that a braindead dude used them to initiate and aid the downward push on pump prices the last six months. I say? This won’t last long, unless our government IMMEDIATELY returns our national oil policies to what they were prior to Jan 2020. OPEC and others are playing us and we better be careful.

 

[Illegal_Demon]

Its a game of tax credits at this point.
Sell enough of zero emission crap and you can keep selling the cars the enthusiasts want.

But notice, gas prices are way down. Under $3 a gallon a lot of places (even in parts of tax heavy IL). Hard to sell an EV when to fill a tank of a big SUV is $50 or so.

Yep. Gas is $2.60 out here.

Wait, what happened to runaway insane inflation everyone and their mom keeps screaming about ??

 

[2ndAmend]

Barrel of oil…
View attachment 89692

Wholesale gas

View attachment 89693

NATURAL GAS!!
View attachment 89697 2yr Bond
View attachment 89694
10 yr

View attachment 89696

The world is figuring out we have inflation taking our prices overall to levels where they are hurting. People are getting laid off or fired. Look at this thread title!! Folks are worried about their savings and earnings. Interest rates are prohibiting easy borrowing, and are much higher than when the Government allowed them to fall during the damn lockdown the last three years. Which started this nasty round of inflation we have not seen since people elected a peanut farmer in the 80’s. Now many begin to prioritize. Europe has huge problems. China manufacturing has huge problems. Demand for gas is much lower worldwide. Oh, what is the price of electricity compared to several years ago? Our government is not passing out free Covid cash any longer. People must STAY WARM THIS WINTER, EAT AND PAY THE RENT.

Any number of things can change this delicate balance right now that we all are recognizing each day at the gas pump. The overall inflation rate MUST fall BEFORE ANY interest rate will decline. Until then rates WILL continue to rise. Manufacturing will NOT cut prices on anything tied to petroleum products until they are damn sure this volatility stops.

Got a great example my Hellcat friends. We all buy lots of motor oil, regularly. I purchased 12 quarts in July. Gas prices were MUCH higher then. So was oil. See above, that shit (gas and oil spot market) is MUCH cheaper NOW.

Our oil was $49.49 for six quarts in July. Today, it is $52.60! So WTF?

The US home building and mortgage banking sectors in the USA are absolutely busted up right now! The home building sector is very important, many, many items deep in our economy are seeing large drops in demand. More will lose jobs soon. You making refrigerators? Not for long!

Notice another interesting item. Stock Market. Does it not seem strange that recently given all of this, it is NOT continuing to fall?

Enjoy this strange period where the government actually directed the petroleum industry to make more gas and less diesel. Also many refineries are on line now and were not months ago. Anything may happen geopolitical wise, or with OPEC who we are dependent upon again. We have no strategic petroleum reserves now that a braindead dude used them to initiate and aid the downward push on pump prices the last six months. I say? This won’t last long, unless our government IMMEDIATELY returns our national oil policies to what they were prior to Jan 2020. OPEC and others are playing us and we better be careful.

I am very concerned about how people in northern EU will survive the winter without fuel. I think this is Putin's ace in the hole, he can just wait the EU out. A simple heat wave in CHI years ago killed over 700 people in a couple days. A winter in EU without heat can kill tens of thousands. Things can get very ugly.

 

[Jimmy N.]

Enjoy this strange period where the government actually directed the petroleum industry to make more gas and less diesel.

My guess is that it's because the average person (voter) doesn't realize that overall the diesel prices are by far more important than the price of gas.

Need to appease the sheep? Lower the gas prices. Done.

 

[DGatzby]

Hell ya, Jimmy. Thanks for breaking it down easy.

I was here thinking, and considering another 12-24 quarts of oil. I like my example and real life deal here on the Forum. I just changed the oil, I have enough for another change into 1-2 months next season. That high priced oil can just sit. IF these petro prices are ahead of 6-12 mo potential price decline, that is what it takes. This very small consideration is what a lot of people are going to reason over the next few months.
Then maybe at least that nasty 15-20% increasing price shit will stop. That is the root of evil and out of control.

Sort of screws their pure EV hopes. Love it. Declining gas prices, increasing electricity prices, continuation of no availability of appropriate fuel refill on the road, increased frequency of reported unanticipated serious failures and damages, PEOPLE NOT BUYING THEM.

Unfortunately reading this. Indefinite until they want to build EV’s or related at the plant. Sort of holds the local people in an unfortunate position dependent on something the manufacturer may not be correct on.

Can’t get them to even tell us when they will build a 2023 Durangos that are allocated and approved for production yet! Oh yea, maybe tomorrow.

 

[Jimmy N.]

Can’t get them to even tell us when they will build a 2023 Durangos that are allocated and approved for production yet! Oh yea, maybe tomorrow.

It's been a couple of weeks and I don't even have a VIN yet. Or maybe I do, but don't know about it?

Oh well, if it happens it happens. And if it does, I have oil, filters, and magnetic drain plugs for it. Even a set of Michelins.

 

[Diboblo]

Notice another interesting item. Stock Market. Does it not seem strange that recently given all of this, it is NOT continuing to fall?

Largely, I'm sure, due to the PLUNGE PROTECTION TEAM:

https://www.investopedia.com/terms/p/plunge-protection-team.asp

Sent from my SM-G955U using Tapatalk

 

[Bobo]

Even with the games being played concerning oil I have never seen the pump price DROP .35/gal in one day like it did last week! I've seen it jump that much and more but never drop like that. Usual trend is jump .20-.40/gal in one day and then slowly drop a few cents gallon every day or two over the next couple weeks until the next jump happens. I used to be able to time the drops and when it would increase pretty well but not anymore! Nothing makes any sense.

I can't figure the stock market out either, makes literally no sense at all. I'm still sitting in my safe havens and while I may not make a huge profit I'm not taking extreme hits either. Just a nice steady increase, albeit small, it's still an increase! I lost boat loads in 2001 and 2008, I will not do that again and I believe this market has got to come down at some point then I'll be ready to play again.

 

[vortecd]

Its a game of tax credits at this point.
Sell enough of zero emission crap and you can keep selling the cars the enthusiasts want.

But notice, gas prices are way down. Under $3 a gallon a lot of places (even in parts of tax heavy IL). Hard to sell an EV when to fill a tank of a big SUV is $50 or so.

I just paid $3.49 for gas Saturday and that is the cheapest it has been around here in a long time. So no $2.99 for us yet. Michigan where we don't need a reason to have high gas prices, or your disaster is a reason for us to raise prices even though there is no effect on us

 

[vortecd]

Story i saw today is production is down in China because of covid so they are not using as much oil so the prices are dropping

 

[DGatzby]

Largely, I'm sure, due to the PLUNGE PROTECTION TEAM:

https://www.investopedia.com/terms/p/plunge-protection-team.asp

Sent from my SM-G955U using Tapatalk

Interesting, Bob. Did not know about this. Wonder if they also short different items also??
Ask Elon?

Even with the games being played concerning oil I have never seen the pump price DROP .35/gal in one day like it did last week! I've seen it jump that much and more but never drop like that. Usual trend is jump .20-.40/gal in one day and then slowly drop a few cents gallon every day or two over the next couple weeks until the next jump happens. I used to be able to time the drops and when it would increase pretty well but not anymore! Nothing makes any sense.

I can't figure the stock market out either, makes literally no sense at all. I'm still sitting in my safe havens and while I may not make a huge profit I'm not taking extreme hits either. Just a nice steady increase, albeit small, it's still an increase! I lost boat loads in 2001 and 2008, I will not do that again and I believe this market has got to come down at some point then I'll be ready to play again.

I saw it drop like that one day in 2008.
I have been playing the financial markets with an ETF that only a crazy man would use with casino money. Agree, makes no sense, but I’m playing.

 

[DGatzby]

Largely, I'm sure, due to the PLUNGE PROTECTION TEAM:

https://www.investopedia.com/terms/p/plunge-protection-team.asp

Sent from my SM-G955U using Tapatalk

Check out today’s open after the news on inflation! After yesterday’s 500+.
And we are led to believe hard times are coming in ‘23. Okay. We are mere mortals on a car forum.

 

[jroyk]

I just paid $3.49 for gas Saturday and that is the cheapest it has been around here in a long time. So no $2.99 for us yet. Michigan where we don't need a reason to have high gas prices, or your disaster is a reason for us to raise prices even though there is no effect on us

$2.94 in Lansing yesterday.

 

[DavidKFla]

Which is kind of a head scratcher. Why are gas prices suddenly down? They were freaking nuts over the summer.

I think Dodge is likely done. They're discontinuing their bread and butter products and them trying to sell other types of vehicles hasn't gone well over the years.

You guys know I love my Toyota 4Runner, that sucker will be 21 years old next year and I've had almost no issues what so ever with that car. Toyota's Achilles heal is they don't put any real power in their cars. My 21 year old 4Runner tows the same as a 2023 model. If they'd develop another real bad ass I6 turbo like the 2JZ or a beefy V6 TT they'd have something.

I've considered a 2JZ swap on my 4Runner with a little turbo. 400 rwhp would be plenty.

I have to say that we leased a 2021 Lexus and it was a flimsy piece of crap. ES350 Sport, Limited Edition Haliburton Black Package. It lasted about 7 months with us and we traded for the Challenger.
I can't recommend a new Toyota.

 

[jroyk]

Check out today’s open after the news on inflation! After yesterday’s 500+.
And we are led to believe hard times are coming in ‘23. Okay. We are mere mortals on a car forum.

Every time I’ve tried to play the market, I lost $ compared to if I’d just stayed in. Now, I just invest in big solid companies that pay decent dividends and reinvest them. If I pre-decease my wife, she can have that as a stream of income. Currently, moving $ out of a couple mutual funds into ETFs because unrealized cap gains are killing me at tax time.

 

[DGatzby]

Every time I’ve tried to play the market, I lost $ compared to if I’d just stayed in. Now, I just invest in big solid companies that pay decent dividends and reinvest them. If I pre-decease my wife, she can have that as a stream of income. Currently, moving $ out of a couple mutual funds into ETFs because unrealized cap gains are killing me at tax time.

Happy to allow hired professional managers take care of the big dish of money. I have fun with a small amount of cash that I use on stuff about as recommended as going to a casino. Ha, but some days can be exciting! Last week I was losing, but held, if today and tomorrow work, I’ll likely get into cash. But, who knows, we all have seen end of year moves that are crazy.
Roulette: red or black? Same shit for us dumb car nuts.