People have been complaining a lot recently not just about oil prices going up, but food prices,
toy pries,
paper prices
....everything is going up! Sure you might place blame on "inflation" but there is something greater going on....something so simple that people are missing it.
Think logically with me.
All of those items require transportation right? (Food, toys, paper)...
And Oil is a natural resource that Asia countries have quickly learned to embrace. This means that it is running out even faster than usual. So the answer to will oil ever drop soon = unlikely unless we start drilling in Canada/Alaska...
But then even after we take all of that oil in less than sixty years the price is going to sky rocket again. IT IS A NATURAL RESOURCE!
To answer the main question:
We know that oil is bound to stay a high price and likely continue to go up...
Continue to think logically with me.
If all other items in America require transportation, they also require oil.
If oil is high, then transportation costs more,
if transportation costs more
then the final price is going to be higher than usual.
It is an artificial inflation.
Technically it is not inflation which is the problem, just oil.
Oil goes up and so does everything else.