My dad has told me about the gas shortages back in the 70's and 80's and people were running out of gas at all the stations. Prices were rising 50-60 cents a day. All the gas was getting allocated and that caused massive lines at all the pumps. It also caused a lot of stores to go out of business. He built his business up by himself with a couple cstores in Houston and then when the shortages hit he was able to buy up some closed down stores, which allowed him to use their allocation and put fuel into his best stores. Moral of the story, he was was able to take advantage of whatever cards he was dealt. Everyone else was too scared to even play. Now is a time to be positive and take advantage of the things that only us are ready for. I think its about to get a lot worse though
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Used car prices are currently up 30-45%. Best to wait until 4th quarter of '22 or even wait until '23 if you plan to buy a used vehicle. By then, (hopefully) used car prices will drop back to where they should be.
Source: https://advisory.kpmg.us/articles/2021/used-car-prices-could-crash.html