Future Shocks -----

[Montagnard]

With gasoline over $3 in some parts of the country…you have to wonder where will it stop. We all feel the bite at the gas pump…but, what else is going to feel the pinch of skyrocketing fuel prices:

Food, we are going to get hit at the checkout counter as food producers, food processors and food distributors pass on the cost of fuel.

State, county and city: The states, counties and cities will be forced to curtail services or raise taxes to offset the increased cost of fuel.

Consumer goods: We can expect the cost of other consumer goods to increase due to the cost of fuel.

In other words we are standing at the precipices of inflation. With inflation comes the slow down mentality of raising interest rates. Raising interest rates will not reduce the cost of fuel; it will restrict wages, as the economy stalls and unemployment increases.

Where the tipping point will be in anyone guess, it could be $3.25, or $5. Regardless of the exact amount it is out there and with $3 a gallon currently we are much closer than we were last month.

[Double T]

1. The coming hurricane season will be the end all........

but don't worry, if we attack Iran, make the tax cuts to the rich permanent and raise the Federal deficit spending level, everything will be A-OK!!

[flyarm]

2. i saw on cnn or msnbc yesterday it was over $4.00 a gal

in some parts of calif yesterday...

the truck drivers ought to protest!! all across the country!!

shut it down!!

fly