Tuesday, May 6, 2008
If you have been to the store lately, you will agree that gasoline is not the only thing that is increasing in price. In my dumber days, last year, I opined that perhaps we should have $4/ gallon gasoline. My reasoning was that the owners of gas hogs would get the idea and get rid of them and buy a gas friendly vehicle. That was when I was before my brains came in. Those who own gas hogs can afford the higher gas prices, and although they may complain about the price, they will pay it. As usual, the ones who take it in the shorts are those with low incomes and fixed incomes. Now, they have to choose between food, fuel, and medicine. The high fuel prices also lead to higher prices for all consumer goods. The truckers who drive for my wife's company are now paying $.85 per mile for fuel alone. Add to that insurance, taxes, license plates and truck payments. Some shippers are offering only $1/mile for their freight. Those truckers who have to take such loads are losing money. Remember when they tried to sell us on diesel powered vehicles? The price was lower than gas and you got better mileage. Now, diesel is running about $.50/gal higher than gas. That boost in prices is reflected in the rise in consumer prices. Gee, why don't we give the wealthy another tax cut.