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Author Topic: Peanut Butter for $5.50 a jar??  (Read 1231 times)

NorthernSolo

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Peanut Butter for $5.50 a jar??
« on: April 09, 2012, 06:11:21 PM »

Have the price of peanuts gone up? The average price of a jar of PB is now over $5....Even WM was selling it for 6.77 a jar??!  ???
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Thirdfloor

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Re: Peanut Butter for $5.50 a jar??
« Reply #1 on: April 09, 2012, 06:33:18 PM »

Aparently there IS a world shortage of peanuts.  :sign0065:

Didn't know til I just googled it, but it affects me because I eat PB&J for my work break snack five days a week.  Guess it's time to hit the boss up for the 'cost of peanut butter allowance'. :mad0137:

Over-population was a good call by mankind. :D
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Wedge1021

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Re: Peanut Butter for $5.50 a jar??
« Reply #2 on: April 09, 2012, 07:26:55 PM »

I'm thinking it's got more to do with crops not turning out right this year, probably due to being too wet or too dry for too long (the plight of the farmer!)
Temporary price increases due to short supply I can live with, but hopefully once the supply returns they remember to lower the price again and not just rake in all the extra profit (hello oil companies?)
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dagobahmaster

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Re: Peanut Butter for $5.50 a jar??
« Reply #3 on: April 09, 2012, 10:04:19 PM »

once the price goes up and people keep buying the prices will never go down  :(
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napseeker

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Re: Peanut Butter for $5.50 a jar??
« Reply #4 on: April 09, 2012, 10:26:54 PM »

once the price goes up and people keep buying the prices will never go down  :(

Ah, but if the price goes too high, people will just eventually drop peanut butter from their shopping lists and the lack of demand should bring the price back down...  it's not as if you need peanut butter to live or commute to work. I would apply your quote above to gas though, people still keep buying and the oil companies see it and drive the prices up even higher... my theory is that they are doing what I thought comic book publishers were doing back in 2010... deliberately pushing prices as high as they can go to get a measure of the dropoff rate of their customers as the price keeps going up.  Once they can graph the demand curve, they can find the sweet spot at which they can get the most profit while retaining a reasonable majority of their customers.

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Thirdfloor

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Re: Peanut Butter for $5.50 a jar??
« Reply #5 on: April 09, 2012, 10:36:11 PM »



They should have realized as soon as they started marketing to monkey's that the demand was going to skyrocket.
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Hellboy

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Re: Peanut Butter for $5.50 a jar??
« Reply #6 on: April 09, 2012, 11:13:15 PM »

Isn't peanut butter banned from the planet yet? I know I can't send my kids to school with it...
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Wedge1021

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Re: Peanut Butter for $5.50 a jar??
« Reply #7 on: April 09, 2012, 11:23:45 PM »

Isn't peanut butter banned from the planet yet? I know I can't send my kids to school with it...

hmm, interesting point
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jjreason

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Re: Peanut Butter for $5.50 a jar??
« Reply #8 on: April 12, 2012, 04:08:21 PM »

This body was built on peanut butter, I too feel the financial impact.  *looks down* Hmmm, maybe there is a silver lining here....
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