And they want to tell you there's no inflation. But as we keep saying it depends on what you're talking about, who gets to define it and whom it affects. Here's an example of one of today's most downtrodden commodities, natural gas. It's cheap. Real cheap and been that way for a while along with its hydrocarbon cousin oil.
Pacific Gas & Electric is one of the country's largest utilities serving a large part of customers in the northern part of the country's most populous state, California. Keep in mind the term customer here includes all five of the segments you see in the chart above. For an account of an inexplicable, excessive rate hike--some would say rate gouge-- and New Year's Day gift to those consumers read the following. It will make those already fond of big corporations even fonder.
wolfstreet.com/2016/01/01/happy-new-year-americas-largest-utility-jacks-up-rates-the-most-since-2006-despite-total-collapse-of-natural-gas-prices/
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