[quote=picklemonkey]guys, a $.10 raise is only $1/10 gallons. if you guys can't afford spending an extra $1.50 in gas, quit buying your starbucks once a week, cut your smoking down by a pack, take your lunch to work once a week, or buy one less dimebag than you normally would. seriously... a $.50/increase in gas is only the cost of lunch once a week. :roll:[/quote]
If only it were that simple, think about the scope of the situation:
Everything you buy-- food, clothing, records, whatever- got to the store on a truck. It originally came from somewhere by plain train or boat. All of these use oil based fuel. Plastic is made from petrol based chemicals. As the price of oil goes up, that cost is passed on to the consumer.
Thus, the price of oil has a HUGE effect on our economy. Obviously the current spike is related to a natural disaster, but the handwriting is on the wall.