Ken Fenner
Active member
As everyone watches, most with general disgust and some with horror, prices at the pump keep rising. There seems to be no cap at this point among futures traders and economic forecasters. A friend told me yesterday one guy whom has a good handle on that market said $8 per gallon would not be out of the question.
Here is an article from Yahoo this morning about the price of a barrell being double what it was last year. Ouch, gas prices were already at $3 then. http://news.yahoo.com/s/ap/20080521/ap_on_bi_ge/oil_prices
If gas prices at the pump were to double, I would need to generate an additional $10,000 per month in revenue to keep all margins the same. Another ouch. UPS and FedEx shipping are going to go through the roof. Could this affect the entire online retail industry? Scary stuff.
Here is an article from Yahoo this morning about the price of a barrell being double what it was last year. Ouch, gas prices were already at $3 then. http://news.yahoo.com/s/ap/20080521/ap_on_bi_ge/oil_prices
If gas prices at the pump were to double, I would need to generate an additional $10,000 per month in revenue to keep all margins the same. Another ouch. UPS and FedEx shipping are going to go through the roof. Could this affect the entire online retail industry? Scary stuff.