News article...something to watch...the perfect stormOutside of the headlines of OPEC +...the perfect storm is brewing. Driven by COVID. Some may not have picked up on it but those who have can see used car sales are going crazy. This is due to a few things which include chip shortage but also the other big factor transit usage is down. Just look at bus capacity when you drive by. People are looking to drive used cars versus take transit. This could create the perfect storm no one predicted.
"Surging prices for used cars, gasoline, food and airfares are driving the jump in inflation"
"For the 12-month period, used car and truck prices leaped 45.2%, while car and truck rental costs skyrocketed 87.7%, the Labor Department reported"
Reference: https://www.cnbc.com/2021/07/13/surging-prices-for-used-cars-gasoline-food-and-airfares-are-driving-the-jump-in-inflation.html