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drewstar:
What's got me worried is not just the cost to fill up the tank, but how this will ripple through the entire economy.

We didn't just loose 25% purchasing power at the pump, but just about everything (food, clothes,  BEER) will go up accordingly due to increased shipping costs.  

I have a feeling by  Decemeber it's going to feel like we all took a 20% pay cut.

I hope I am wrong .

Brewman:
At a certain point, any increased costs get passed on to consumers.  Prices rise.  
From there, depending on the severity of the price increase, demand drops, and can start a recession.  

So far I'd say we've (as a country- not individually)weathered out the increase in oil prices fairly well.   It's been said that increases in technology allow more efficient use of oil, which explains why the economy has largely continued on relatively well despite the increased cost of oil, and related energy sources.   The businesses havn't had to increase prices- yet.
As we go forward, we'll see.  
People who make a living driving cabs and similar have got to be feeling the sting.
Brewman

HotTubMan:

--- Quote ---At a certain point, any increased costs get passed on to consumers.  Prices rise.  
From there, depending on the severity of the price increase, demand drops, and can start a recession.  

 So far I'd say we've (as a country- not individually)weathered out the increase in oil prices fairly well.   It's been said that increases in technology allow more efficient use of oil, which explains why the economy has largely continued on relatively well despite the increased cost of oil, and related energy sources.   The businesses havn't had to increase prices- yet.
 As we go forward, we'll see.  
People who make a living driving cabs and similar have got to be feeling the sting.
Brewman
--- End quote ---

Last winter, two spa manufacturer reps (Coleman & D-1) told me there price increases (5-8%) were a direct corrolation to rising crude oil costs. Crude is used or refined and used to make many components including:
Plumbing
Acrylic
Jets
Pump "wet ends"
Diverter / air valves

Brewman:
Not to mention the costs of transporting all that stuff.
Brewman

Chas:
Yup.

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