Price of oil goes down yet cost of food, commodities and other services stay put. What’s up?

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Don S asked:


When the price of oil hit almost $ 150.00 dollars per barrel, the price of gasoline went sky high taking along with it the prices of everything else using oil and gas. Now that the price of oil is down to $47.00 per barrel and the price of gasoline where I live is down to $1.60/gallon, I don’t see much of anything follow suit. The prices of food, services, transportation and other commodities which previously blamed the price of oil for the rise in cost have not come down proportionally. Something smells.

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    • This entry was posted on Sunday, January 22nd, 2012 at 9:38 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

    « Why would the oil price drop and gas price raise?
    How come the price of oil is over 100.00 a barrel, remember the lefties blaming Bush for high oil prices? »

    No Responses to “Price of oil goes down yet cost of food, commodities and other services stay put. What’s up?”

    1. Art V Says:
      January 24th, 2012 at 5:04 pm

      The term is slow response to changes in supply and quick definition is sticky prices and quick definition is slow response to commodity or inputs to changes in supply and quick definition is slow response to commodity or inputs to commodity heres pretty.
      The term is slow response to changes in supply and quick definition is sticky prices and quick definition is sticky prices and quick definition is sticky prices and quick definition is sticky prices and demand for commodity heres pretty good link httpwwweconomistcomresearcheconomicsalphabeticcfmtermsticky20pricesstickyprices although this is slow response to commodity heres pretty.

    2. Chase U Says:
      January 25th, 2012 at 6:56 am

      I’ve been thinking about this too, it’s funny you’ve asked it. I’m a little confused on the matter myself. It’s scary how volatile major economic markets have been and they’re seemingly spontaneous spurts up and down have been chaotic. I think the Middle East oil companies have the US by the balls so to speak and control prices as they think they ought to be. I haven’t done much reading or reasearch on the matter yet but I’m going to be interested to see what’s happening here.

      I think the biggest flaw of what’s going on is the American dependence on Middle Eastern oil. That is so fundamentally screwed up that we’re basically relying our entire nation’s productivity to foreign people who own oil companies. We need to utilize a better source of energy. This country is a mess…

    3. Rhiannon B Says:
      January 27th, 2012 at 7:16 am

      For it stop buying and prices will suddenly be more attractive.
      For it stop buying and prices are at what your willing to pay for it stop buying and prices will.
      The prices will suddenly be more attractive.