With inflation starting to kick in, I don't see it coming down below $3 again. It will probably stay around $3.50 all summer and maybe jump back up to around $4. Inflation by the old way of measuring inflation is running around 10%. Government says it is aroun 3.5% but they are factoring in home costs which have gone down with all the forclosures and they cost far more than food and gasoline. Lumber is higher also since I did a project 2 years ago in which I paid about $1.09 for wood fencing boards, now they are running over $2 when I went to get a few more. We recently paid 28% more for bacon than we did a year ago at Sams. We buy bulk, repackage and freeze. My pay has only gone up with the "government" inflation level. I am at the top of my pay scale and I only get a "cost of living" increase now. Have to eat less, drive less, turn thermostat down to 60 in winter and leave at 78 in summer to cut costs in other ways. Power has increased 11%, natural gas has actually decreased due to the abundant supply found by fracking rock. Water, sewage, and garbage pickup has increased. When the government starts raising interest rates, inflation will take off. We may have hyperinflation like to good old Jimmy Carter days of 18%. Pay back debt with inflated dollars. China has cut back on buying our debt. Japan might want to cash in some they own because of tsunami damage. George Soros wants to replace the Dollar as the worlds currency with something else, like a world currency.
