Wednesday, March 2, 2011
Gas prices are going to jack up everything
As we sip our ramen broth and squinch by living on air, gas prices are ratcheting upward. Whether this is due to speculators, manipulators or dictators, no one knows, but it’s happening.
By “no one,” I mean, I am not sure.
Vera Gibbons wrote about this for AOL. Crude is at a 2-1/2 year high. First, we are feeling it at the pump, where many of us go at least once a week. This could hit $4 a gallon this summer. Heading for $5.
Airfares are already up—raised four times this year, which, by the way, is in its first quarter.
The more ethanol that is used means more corn diverted from food and animal feed, meaning everything in the supermarket costs more.
Clothing is struggling with labor costs and will cost more to get to market. We may see more synthetics, cheaper materials.
Also expect fewer sequins.
FEWER SEQUINS! Now they have gone too far. This is war.