A consistent theme in my Morning Links has been the price of gas. It rose above $3 and stayed there all year. In May, it hit the second highest price ever – $3.96. Next year is projected to be no different – expect it to stay over $3. Gas prices being high drove up consumer prices on durable goods, food and travel. One can research it a bit more at EIA.gov if one wishes.There are related reading links at the bottom of the post.
Here is what Gas prices looked like from January to November, 2012:
This headline made me think of Bill Whittle’s “Slowly..slowly“: Higher gas prices cause less public anger this time