Oil Rules

When I’m not hard at work on the new OilandGasInvestor.com, which will launch in June, one of my favorite past times is observing how other web sites present energy news.

I found a great tool on CNN Money’s site today: The Inflation Adjuster.

Just check out the calculator at the top right of this link. As a “young pup,” it amazes me how much the economy has changed just since my birth year. Fifty dollars at that time (which shall remain undisclosed) is now worth $104!

According to today’s consumer price index (CPI) report for March, retail prices are up 4% over last year. Eeek. That’s a hard pill for consumers to swallow. While other factors, like interest rates and food costs, certainly affect inflation, our trusty friend energy goes hand-in-hand with inflation adjustments, seeing as how energy prices have increased by 17% and transportation prices have gone up by 8.2%.

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