To: Crocodile who wrote (4061 ) 5/4/2006 4:13:51 PM From: Wharf Rat Read Replies (2) | Respond to of 24240 Leanan on Wed May 03 at 6:01 PM EST The cover story of USA Today is a good article about how high fuel prices are affecting people across America: Across USA, wave of anger building over gas prices Some of the businesses affected are things I never thought of. Like amusement parks. Car sales are being affected: Gas price dents sales of guzzlers Ford Motor says gas prices, for the first time, are affecting sales of its F-150 pickup, the USA's best-selling vehicle. It's a sign gas price woes are penetrating even the most stable vehicle segments. But Ford thinks it's just temporary: "In some cases, the full-size-truck buyer can sit on the sidelines and defer their purchase," said George Pipas, Ford's manager of sales analysis, discussing April sales results. Still, "We don't see this buyer leaving the market." And for some consumers, gas prices mean nothing" Hummer sales up 231% "Sales are just fine because the people who are buying them aren't concerned about gas prices," he said. Buyers are wealthy people ranging from company CEOs to well-paid laborers with expendable income, he said. The Philadelphia Inquirer has this summation of how energy prices are affecting industry: Industries hit hard by hike in fuel prices Airlines, truckers and railroads under pressure. Factories not yet anxious. Farmers are definitely hurting: Fuel, fertilizer prices expected to keep climbing Fertilizer prices - largely based on energy costs due to the petroleum products comprising fertilizer - have increased 70 percent during the same period. Lori Wilcox, UM Food and Agricultural Policy Research Institute economist, expects fuel and fertilizer prices to increase 10 percent to 15 percent this year. In fact, she sees no relief in sight. Her projections show fuel and fertilizer costs increasing for the next 10 years above 2005 levels. Abner Womack, FAPRI co-director, said the trend is unprecedented. In the past, energy prices would come back down following a spike, he said. That last bit says it all, doesn't it? theoildrum.com