🚀 go-pugleaf

    Some three or four years ago, the price of coffee on the world
market
went way up to above $2.50 per pound.  The price of ground roast coffee
went up lock step.  For the past two years or so, coffee on the
exchanges
has been between $1 and $1.10 per pound.  Coffee loses about 30 %
of its weight when it is roasted, so this translates into $1.40 to
$1.54.
In the skimpy 2 1/7 to 2 1/2 pound cans the cost of the coffee is
anywhere from $3.00  to $3.75.
Coffee should retail anywhere from about $2 to $3 above the cost of the
coffee,
so we should see sales from $5 to $6.75 on coffee, the higher amount
being generous.
That prices have hung higher is due to "stickiness" which is unduly
prolonged
this time.  I put this down to lessened competition, and decline of
store brands.
WalMart often has Folger's at $6 to $6.50 for the skimpy 2 1/2 pound
can.
    This then is the rationality in the market.
    This Sunday K-Mart had an ad for Folger's at $5.50.  Being in the
area, we
stopped  at the Pelham (Alabama) K-Mart to buy coffee at the K-Mart
there.
    They had none, and the woman behind my wife in the line told her
that that
K-Mart is famous for not having its advertised specials.  Alabama, of
course, is
the worst state in the nation for consumer protection, so all that can
be done is
to warn people that K-Mart may not have the specials it advertises.
RLA
For ABG readers, gas at Inverness is from $.979 to $1.039, while at 119
and
I-65 it is $.919, a big difference.
R