High Gas Prices and the effects on the economy
Posted on Oct 19, 2007 by
Paul White$3 or $4 / gallon gas sucks, but when gas gets expensive everything gets expensive. Just the other day I had to ship out some stuff from my ebay auctions. Shipping was alot more than I had anticipated. Any goods that have to be transported to a store, are going to cost more. High Demand for E85, is causing corn to cost more, and therefore livestock that eats corn costs more. As gas prices go up, people will slow spending on the local economy. This will cause company profits to go down, and stocks to drop in value. I feel bad for those who can't telecommute their jobs.