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Originally Posted by TheJimmy
The initial shock of personal gas prices going over 3 bucks a gallon doesn't bother me much...
BUT what DOES concern me more is how the gas hike will start significantly effecting all other areas of industry and pricing.
:/
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Adjust for inflation and look at energy costs as a percentage of GDP. Oil and gas is relatively cheap at the current levels and will not drag the overall economy.
The dollar amount means nothing unless it is a true dollar amount adjusted for inflation.