Yesterday, I noted that gas and diesel prices locally are up again.. Gas is now $3.15 / gallon, diesel is $4. The headline in the local paper said, "Economists uncertain as to cause of economy slowdown." Takoszja, this is no mystery. When fuel for the buffalo pony costs more than a gallon of milk does, the economy is going to slow and it is going to slow quickly. If there is a "why" past that, it is because people must have money for food, housing, clothes and fuel, but when fuel costs $3.15 & $4 / gallon, everything else is going to cost more, too; which means there is not going to be as much - maybe none - for frills. Thus, the economy slows. Quickly. Tain't no mystery at all.
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