Well, crap. There’s no other word to describe it. Economists are
predicting gas prices could hit $1.60 a litre this summer if tensions
continue to rise in the middle east. If you wanted to ruin my day
that’s a good way to do it. When it rains it pours. Or snows if you
are in New Brunswick. To be quite honest, this is bordering on utter
lunacy. “Tensions” could cause a spike in the fuel prices?
Imagine a local grocery store buys its potatoes from a local farmer.
Before the farmer even plants his crop he decides he doesn’t like
the store owner much and calls him a potato head and warns him there might be potato shortage and the price could go up. Tensions rise. In a panic the store owner jacks the price of potatoes by 30% and suddenly we’re all eating rice or buying potatoes somewhere else. …
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