Price of oil goes down yet cost of food, commodities and other services stay put. What’s up?
Monday, December 29th, 2008 at
7:50 am
Comments (3)
Don S asked:
When the price of oil hit almost $ 150.00 dollars per barrel, the price of gasoline went sky high taking along with it the prices of everything else using oil and gas. Now that the price of oil is down to $47.00 per barrel and the price of gasoline where I live is down to $1.60/gallon, I don’t see much of anything follow suit. The prices of food, services, transportation and other commodities which previously blamed the price of oil for the rise in cost have not come down proportionally. Something smells.
When the price of oil hit almost $ 150.00 dollars per barrel, the price of gasoline went sky high taking along with it the prices of everything else using oil and gas. Now that the price of oil is down to $47.00 per barrel and the price of gasoline where I live is down to $1.60/gallon, I don’t see much of anything follow suit. The prices of food, services, transportation and other commodities which previously blamed the price of oil for the rise in cost have not come down proportionally. Something smells.














