RE:RE:RE:RE:RE:Continued pressure on oil/gas priceSo what caused inflation last year when interest rates were 2% and gasoline and diesel prices were $2 a liter? Even NG was hitting $10 AECO pricing. I am not quoting pundits ananalysts its pretty obvious if fuel costs went up 75% everything else was going up with it. Your entire supply chain relies on fuel for delivery. Hell it even affects the fuel costs for refining the very fuel that we are discussing . Something you might like to remid your dimwitted friend who wonders how gasoline prices can be higher when oil is the same price now.
It takes a long time for reccessionary pressures to trickle through to the end user and the probably will never completely do that. Higher prices are probably here to stay but the rate they go up needs to be slowed or else none of us will be able to keep up.
GLTA
Moemoney42 wrote: The energy inflation boogy man that the pundits like to quote should and is not an issue in the inflation calculations.. this time last year crude was around $114 USD.. today its hovering around $71 USD.. you can't tell me energy prices are keeping inflation high.. its the darn interest rates that's causing inflation to be stubborn to drop..!