Worries over a global recession have pushed the price of oil to its lowest in over a year. Don't expect the same for a bottle of beer, a tube of toothpaste, or a box of cereal.
You can blame "sticky" prices.
That's what analysts call it when companies slap higher prices on products and keep them there even though the rationale for the price hikes - such as soaring oil prices - is gone.
[From News from The Associated Press]
10.20.2008
Noticed that, huh?
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It's like everybody's trying to make a buck. I wonder how long it will take competition to bring retail grocers to their knees and have them earning the typical 5% margins again.
I hear John McCain is going to propose to make Overtime tax free. That would have a huge impact on the economy. wow.
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