Oil is a big source of energy. Cut the price in half and those things dependent on that energy will be less costly. Very significantly in some cases. Isn't that obvious?
Ok true enough, IF you cut gas in half.....but that's not where we are. Fuel will not effect tariffs on beef, aluminum (for cans) or produce. They cut tariffs on coffee and some produce weeks ago, I'm still paying 100% markup on it.
Now, if gas dropped to say $1.50,.. gitty up! But that would just be shipping. It's just not going to get there. And if it does, I'll buy everyone here dinner.
My electricity went up 20%, and no it did not come down, they don't want to lower it, they have an approved gouge going. My state literally approved the hike.
Once you jack prices up,... too much seems like a break, and they don't want to bring them down unless you stop buying it. Supply and demand dictates all.
Remember, most shipping runs on diesel, not gas.
Gasoline will not turn this economy around.
Nothing more I'd like than to be wrong on these subjects. Instincts, odds, and greedy human nature snuffs that.
