Just in case you had friends living under rocks, or friends working for the gubment, which is causing the prices to surge. Inflation is not caused by gasoline availability. Inflation is an increase in the money supply, which, in turn, causes a general increase in the prices of EVERYTHING. Depending on how quickly the banking institutions and other pals of the gubment that first get the money (from the Fed or the Treasury) then loan or hand it out, one could see steeply rising prices due to inflation, or a longer curve of rising prices. The speed at which the excess monetary units pass into the wider economic system is called "velocity" in economic parlance. IN this period of massive inflation, the "velocity" has been slow, due to banks not handing out as many loans. (Many local bankers recognize that the prices for houses and other goods is already artificially high because of the previous gubment-created fake boom from 2002 to 2007. At that time, too many houses were built, as gubment policy and Fed policy merged to push more consumers to look for homes and pushed more banks to hand them to people who shouldn't have gotten them). Now, the results are showing, and there is only one way these rising prices will go for at least another year. They will rise even more.

Hope you got gold or silver over the past few years.

http://www.cnbc.com/id/44942965

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