No Spin Ag said:
There was a new story this morning where it was said that consumer prices might go up because of increased oil prices.
Is it a possibility that companies will have their costs increase so much that they'd need to do this?
If companies start talking about that, hopefully Trump comes in and tells them to swallow the costs and not pass them on to the consumer.
Fuel costs are a huge factor for most all companies in America as we distribute goods all across the US versus any sort of localized sourcing for many products.
We already see our ready mix suppliers and lumber companies sodomizing us with fuel surcharges at any opportunity. For the average consumer, companies like Coca-Cola and Dr Pepper get hit with higher costs for PET bottles, electricity to run the lines, deliveries of other ingredients and source materials, then higher costs getting it into the stores so you can enjoy cold, refreshing fizzy water in a can / bottle.
I suspect these articles are not meant to to inform the public about these costs but instead as a way for article writer to stoke anti-war rhetoric.
So yes this increases costs, it should be somewhat temporary, and long term energy independence helps solve these sort of issues by protecting our Country from international bad actors.
