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No upside

Published Monday, May 01, 2006

We're currently getting a lesson in how consumer spending can increase without a corresponding increase in freight traffic. It's also known as the economics of inflation. In this case, we're talking about the rise in fuel prices. We're beginning to get a picture of what things will look like during the summer months, and the news is not good. Crude prices are heading for $75 a gallon, which will push the cost of gasoline and diesel up regardless of proposed changes in fuel formulations. Market speculators will continue to keep upward pressure on all forms of fuel, which ...

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