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Costco

Gas Plunges to 22¢(!!) a Gallon in Twin Cities

OK, so I didn’t really pay 22¢ a gallon when I filled up at Costco in St. Louis Park last night. The official, nominal price was $1.359 a gallon. But, what economists call the real price, adjusted for inflation, was 22¢. That’s because $1 today, adjusted for inflation, is the same as 16¢ in 1970....
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$2.49 Gas? Yikes! (The Good Kind)

Gas for $2.49/gallon* in St. Louis Park (12/4/2014) Just in case the numbers in the photo (above) are too small to read:  the price of regular unleaded gas at Costco yesterday am was $2.49/gallon(!). In fact, if you paid with a Costco credit card as I did, after the 3% rebate on gas, that comes...
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“Nobody Goes There Anymore. It’s Too Crowded”

Weekend Crush at Costco OK, so Yogi Berra wasn’t thinking about the St. Louis Park Costco when he uttered his famous line (he was actually referring to a (too) popular restaurant near the Yankees’ Spring training camp). But, the observation sure applied this am. After futilely circling the Costco parking lot for 15(?) minutes looking...
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America’s “Vuja De” Moment: The Case for an “Energy Freedom Tax”

$3 Gas (or Below) in the Twin Cities “The U.S. is funding both sides of the war on terrorism.” –Thomas Friedman, The NYT “Vuja de“:  the distinct sense that somehow, something that just happened has never happened before. –George Carlin I saw it first at the St. Louis Park Costco Monday afternoon when I filled...
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For Sale at Costco: Bulk Detergent, Flat-Panel TV’s, & Mortgages (Mortgages??)

Reason(s) Not to Go With the Cheapest Loan/Lender By definition, all real estate is unique. Money isn’t. (In economists’ lingo, money — and other commodities like aluminum, corn, and lumber — are what’s called “fungible”). So, is there a reason for prospective home Buyers (and mortgage borrowers) not to simply get the cheapest loan they can...
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Early Christmas Present @ the Pump

$2.88 Per Gallon — Or Less That $70 or so to fill my family’s minivan as recently as last Spring is suddenly  . . . a lot less — yesterday’s fill came to a modest $44 (I needed a little less than a full tank). In fact, if you buy your gas at Costco and...
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