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Comment by Powell Gammill
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This has an immediate effect on increasing grocery prices as transportation prices for food and other consumable commodities (like clothing) require frequent transportation to replenish supplies on the shelves.  Even the UPS and FedEx may have to implement a fuel surcharge.  Enjoy!


Comment by BrutusEctos
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Increase in the price of food and consumables as a result of $5-6 gas a gallon is not the worse part to worry about. It is STAGFLATION where there is a run-away inflation while the rate of unemployment shoots up sky-high in a stagnant economy.

You are back to that dangerous Stagflation in the early 1970s created by OPEC’s greed for profit. Member-countries of the organization caballed to manipulate the supply of crude oil. It was gradually "rationed" within a staggered timetable and in such smaller quantity, just enough to skim more profit from buyers in the market.

The cause of the increase of gas prices is usually artificial. It creates a chain of sweeping reactions -- triggering skyrocketing prices in the market. This is the result when greedy profiteers that are in the position to manipulate supply and demand suddenly go berserk. No law or regulations can prevent it. We are at the mercy of profiteers!

Natural disasters are hardly the cause of this kind of economic problem. Even if the law of supply and demand is disrupted by force majore, the opportunity to make a profit out of it is always the driving force that creates a worldwide economic catastrophe.

And that is what we should worry about.

 
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