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If gas prices keep going up, it will be very bad for the economic recovery that's supposedly occurring.
This is going to keep happening until the U.S. and other industrialized nations adapt. It's a vicious cycle. Consumers demand more energy, which makes oil producing nations nervous about supplies and forces them (and traders) to raise the price. Consumers then freak out at the price and stop using energy, which forces the price back down. As soon as there's a hint of recovery, though, the cycle starts all over again. And it will continue until we come up with a comprehensive energy plan, and also accept that we need to find ways to drastically reduce our consumption of oil.
Gas and milk..the TRUE bell weathers of inflation.
Milk, $1.99/gallon at Braum's last night. Based on your kind of ideas, we're in a deflationary mode! Great Depression has been here all along... those screaming their lungs out about threat of super inflation couldn't have been more right... no?
What about increases caused by capitalistic speculation?
The investment banks buying and renting tankers full of crude?
Um....what about devaluing the dollar through massive spending? Have you noticed the Canadian dollar is worth more than ours now? What do you think that does to gas prices?
Also, nearly 50 cents on every dollar paid for gas at the pump winds back in the government pocket via all the different taxes at various levels of the process.
Milk, $1.99/gallon at Braum's last night. Based on your kind of ideas, we're in a deflationary mode! Great Depression has been here all along... those screaming their lungs out about threat of super inflation couldn't have been more right... no?
One data point from one store....using a sale item.....
One data point from one store....using a sale item.....
Wow, that's some pretty amazing analytics.
That's the way with some folks.
Milk has been trending upward which reflects on the commodities just like oil. Finding one brand on sale in some store in your neighborhood doesn't negate the trend.
2012 gas prices are forecast to surpass 2011's and, according to one expert quoted in this piece, could set new all-time highs.
So..........moritoriams on drilling oil while spending hundreds of millions of dollars of public monies on projects like solyndra for nothing actually hurts the country? Who knew? (well apparently democrats)
petrol is a non renewable source of energy. The law of supplyl and demand dictates that the more we use, the price will continue to rise.
This despite the fact they're finding new sources as we speak. In point of fact the chinese are planning on drilling just off the florida coast. For some reason it's only democrats who don't know this. Pity.
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Based on your kind of ideas, we're in a deflationary mode! Great Depression has been here all along... those screaming their lungs out about threat of super inflation couldn't have been more right... no? 
