From: "Mark Hessey" 

Yes Randall, but oil isn't unleaded gasoline purchased at retail. They have
long term contracts and hedging methods employed to smooth out the price
differentials a bit more than we as final consumers see at the pumps. Still
a rise, then long term persistance at higher levels will filter down into a
lot of products.

Mark

Randall Parker  wrote in message
news:MPG.13361e2594b4e40598a0cd{at}news.barkto.com...
| In , the sagacious
blucy{at}mediaone.net Bill Lucy perspicated:
| > Transportation also represents a tiny portion of the economy. We just
| > had this discussion a couple weeks ago, Rich.
|
| Yes, isn't it something like 3% of the economy? |
| But oil is also an input into lots of basic industries (eg chemicals),
heating, electricity, fertilizer, etc.

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