Has anyone noticed the cost of shipping on goods from appliances to grocerys have gone up noticably as well? We are paying far more out of pocket to fill up our gas tanks that just the cost of driving.
And why has diesel fuel suddenly become more expensive than gasoline? The cost of refining diesel is much less and can be derived from lower grades of oil more economically than gasoline.
And a failed corn crop in the midwest because of drought will not help the ethanol industry.
We are one refinery disaster away from $5.00 gasoline.
Prices are going up on most consumer items. The reasons for this are higher energy prices (which impacts the price of virtually everything), higher raw material prices, and inflation.
I expect it to get much worse.