Well here is not only my poor opinion, but what some of the people I work around think also.
Remember that small tax cut that drove the resurgence of the economy.
Well multipy that tax decrease by about a 6 times increase and that is what high oil prices will eventually do to us.
Oil at above $60.00 dollars a barrel puts pressure on every item sold in stores.
Someone has to absorbe the cost for shipping.
Someone will have to absorbe the added cost for energy to make the product.
Farmers in the field will have a lot of added expense to run their tractors to plow, disc, plant and reap the harvest.
Over at the Circle K the store manager tells me that many people are no longer topping off their tanks as in the past.
They buy just a few gallons, hoping that the price might fall in the near future.
In the past few days I have noticed that Wal-Mart is no longer rolling back prices.
Instead they have steam rolled ahead.
The salesman over at the Chevrolet Dealership says they are not only afraid of not selling the gas guzzlers but jokeingly says he is afraid they may have to pay customers to take them.
Each little item affects the next and soon it all slides downhill, like a gigantic landslide.
Thanks for the thoughtful reply.
I hadn't really factored in gas prices to this story. I guess there might be storms ahead.