Have you noticed that the closer we get to the November mid-terms the more the Credentialed Media disappears everything inflation related? Well, you the consumer still notice (non-paywalled version at Yahoo)
Tailgating costs are up ‘substantially’ this year as travel, food costs are hit by inflation
Tailgating is about to get more expensive, according to a new report from Wells Fargo.
The findings, released Monday, found the cost for a number of tailgating season essentials has surged due to inflation. Consumer prices in July rose 8.5% from a year earlier, according to the Labor Department’s Consumer Price Index.
Even with the elevated costs, economists at Wells Fargo expect plenty of parking lot parties this year, with fans eager to return to their favorite football season traditions.
“There’s a lot of pent-up demand,” said Sarah House, a senior economist at Wells Fargo. “(And) there are ways that fans can mitigate the cost of seeing their favorite team play, whether it’s in person or away from the stadium.”
Especially now that COVIDtyranny restrictions are pretty much gone
While Wells Fargo did not offer an overall estimate for how much more tailgating will cost compared with last year, the report found travel costs are “the biggest pain point” because of high gas prices.
The national average for a gallon of gas stood at $3.90 Sunday, down sharply from more than $5 in June, but well above the average of $3.17 a year ago, according to AAA.
Flying into an alma mater will also cost football fans with airfares in July up 28% year-over-year and 16% higher than the summer of 2019.
House suggests opting for mass transit if possible, where prices have barely budged since last year.
Don’t forget, the cost of a rental car is way up, and supply can be limited, but, sure, force everyone onto buses and trains, which the lawmakers who are hurting inflation and yapping about ‘climate change’ won’t take
Iconic tailgating food and drinks also demand more money this year.
Beer is up 4.6% since last July, while grocery prices jumped 13.1%.
House suggested tailgaters be mindful of which foods they bring. Opting for hotdogs, which are up 5.3%, instead of chicken or ground beef, up 17.6% and 9.7% respectively, could help trim costs. Or football fans could pick up pork ribs, which increased just 1.6%.
I understand the point of the suggestions, but, if we had a competent administration inflation would have been minimized. Yes, it’s China who’s ultimately responsible for their Wuhan Flu, but, government policies along the way made things worse
Whatever fans choose, grilling will cost more this year with propane and firewood up about 22% from 2021.
As for sides, House suggested opting for fresh fruits and veggies – up less than 10% – over packaged snacks, which are up nearly 17%.
It just gets worse and worse
House said fans looking to trim costs could watch the game at home. While admission costs for live sports are rebounding, TV prices are down nearly 15%.
That’s called “demand destruction”, where non-essential goods drop in price because the average American is opting out of buying lots of those goods because they’re spending so much on essential goods.
You can’t go tailgating without a tailgate! You need a big honking, gasoline or diesel powered truck to go tailgating . . . unless you have an RV.