The Hits (To Your Wallet) Just Keep On Comin'

Ouch. Last week was a bad one for us on the gas price front. Nationally, we took it on the chin for almost 9 cents per gallon, the midwest got whalloped for 13 cents. You heard it here first. Here is a question. What will the tens of thousands - and it will be tens of thousands - of bulldozers, front-end loaders and dump trucks that will be clearing the debris of entire Japanese cities that were washed away in the tsunami run on for the tens of millions of engine hours - and it will be tens of millions - during the clean up? Gas. Or diesel to be more specific. Can this spike in demand be met without prices for gas going up dramatically here in the US? Doubtful. Can this spike in demand be met without gas prices going up with most of our Gulf Coast oil industry idle? Not a chance. This is just the beginning. Gas is going up.