Like a lot of people I have already cut back, trimmed, and changed my usage in reaction to the rising prices of the last decade. So what do these people do? They raise the prices. It's most obvious with the power company. This entire state went on an austerity move a couple of years ago when the power companies got a rate increase. And now they are back for another increase, because we're using less power and because they will never be satisfied until they get our last dime.
I don't really pay too much attention to the prices these days. I have my favorite QT and I get my gas on Monday like I always do. I don't shop around corner to corner looking for the cheapest gas. Like AD said, I budget for a $3 gallon of gas, give or take and it's fine. I can still afford the internet even after I fill up. :D
One thing I have noticed though--and maybe this goes on all the time and I'm just now catching up--is that the price goes up about a dime in the span of about 8 hours. The last two weeks this has happened. I get my gas in the morning for one price and when I drive home I see that it's gone up 10 cents. Is that new or am I just slow? Wait...don't answer that. :p
Right now, I may fill up once a month (usually less) and once every two months for the wife's car. A 20% increase will not really do more than make me grumble. I have made the changes in lifestyle to accommodate high gasoline prices at the tank.
Food, clothing, fuel, distribution costs in general, are more nebulous and harder to pin down.
Funny how Nova mentions prices under Bush in 2007 but completely blows off the fact that gas was about $1.80 when Obama took office so gas prices went back down while Bush was still in office...but that makes no never mind to the left.
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