Thursday, March 6, 2008

Now that's a lot of dough

Now they’ve gone too far. We’ve been trying to warn you about the fallout from skyrocketing gas prices.

Paying $3 a gallon at the pump is pretty much standard fare. But now it’s getting serious.

The price of pizza is going up. Check it out.

Better get used to it. Yesterday the price of crude oil continued its inexorable upward path, at one point setting a new record of more than $104 a barrel.

This is pretty simple. When gas costs more, almost everything soon will as well. Gasoline is the lubricant of our economy, moving everything and powering the machines that create all the goods we wolf down every day.

And that includes food. Get used to forking over more dough for that pizza delight. This summer all those fresh fruits and veggies we crave are going to cost more as well. Corn on the cob will be a boil on our wallets.

And we haven’t even approached the start of the annual summer driving season. Some experts say gas prices could be hovering around $4 a gallon.

Gas pains? We’re only getting started.

0 Comments:

Post a Comment

<< Home