Gas Prices

Tom Tomorrow has fun graphs to study on this topic and some ideas about who might be benefiting from expensive gas.

The gas prices are rising because oil prices are, and the effect is not only on more expensive tank fillings at the pump and the related belt-tightening. Oil is energy, and when one part of energy reserves rises in price all others do, too. And energy is needed for most everything we do: making products, heating buildings, transporting products to stores and transporting ourselves. When energy becomes more expensive living becomes more expensive. The higher gas prices will make food (transported in trucks) more expensive, too.