Well, I’m back in town after just under 2500 miles of driving on my way to and from a much needed vacation. In honor of Independence Day, I thought I’d post some interesting 4th of July food, finance and trade statistics that I just ran across… For starters, Americans are 540% more likely to consume potato salad today than on a ‘typical’ day. What about other traditionally American foods?
Baked beans: 357% more likely.
Hot dogs: 210%.
Ice cream sodas and floats: 200%.
Cole slaw: 150%.
Macaroni and other pasta salads: 150%.
Conveniently, staples such as ground beef, potatoes, mayonnaise, and ice cream have all dropped in price since last year, although soft drinks have gone up slightly (or at least that’s what the article claims).
What about all that beer? July is, after all, American Beer Month. The Brewers’ Association reports that Americans consume 40% more beer in July than during the average month during the balance of the year. Beer prices, which have climbed a bit of 4% since last July, stand at an average of $0.82 for 12 ounces. For those of you that like to compare things to the price of gas, that works out to $8.72/gallon. Next time you feel like cursing the gas pump, just be thankful that your car doesn’t run on beer!
And what about the 4th of July trade deficit? Well, the US imported $172.5M worth of fireworks from China last year while only exporting $17.3M worth. Similarly, the US imported $5.2M worth of American flags (once again, mostly from China) while shipping on $851, 000 worth of American flags overseas.
Happy 4th of July!