In the couple of weeks since I have posted, gas prices have surged higher, with no end in sight. Since I do not own a car, I have not trouble with the price at the pump. In fact, I sort of get a grim sense of satisfaction every time I see an SUV drive by. It is difficult to get too excited about ever-increasing fuel prices, one positive effect might be that people will decrease their use of environmentally unfriendly vehicles. As fuel prices increase, so will the efforts to develop more reasonable energy sources. I do not think it is necessary to describe the possible reverberations throughout society and foreign policy as a result.
In the meantime, every other consumer product, that depends on transportation from elsewhere, will increase in price. That includes your groceries. Therefore, the products produced locally will finally be lower in priced than the products produced elsewhere including in free trade zones around the world. It may eventually have the effect of mitigating the advantages that publicly-traded multinational corporations have over your local corner grocer. I am not counting on it, but I will keep walking to my farmers market for my food.
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