Id like to see what kind of squeeze the rest of the world is seeing from these prices.
I can tell you that the cost of gasoline and electricity is biting me here.
The cost of goods will rise accordingly very soon, then we will see a backlash in the form of conservation and the price is going to drop.
When gas was "cheap", here in america, the enviroweenies and the IMF used to constantly talk about how our prices should be raised to be more in line with the rest of the world ( europe they meant ).
I haven't heard very much of this "talk" since prices started to rise, I personally think we are being manipulated, to come in line with europe on gas pricing. It's been going on for a couple years now.
There have been plenty of reasons for prices to increase but not to sustain the increase.