It's the Environment, Stupid.

Thursday, May 04, 2006

$3.66/gal in Hawaii

My friend is on her honeymoon in Hawaii and she snapped this pic - she says it's $3.66/gal - for regular unleaded.

My question - will this gas price spike of late cause a little inflation? (at least in the U.S.?)

1 Comments:

  • The Australian Reserve Bank thinks so - they raised interest rates yesterday.

    But it cuts a bit both ways - people tend to cut back on other purchases when gas prices rise (to support their driving habit) so that has a disinflationary effect.

    By Blogger David Jeffery, at 18:58  

Post a Comment

Links to this post:

Create a Link

<< Home