If you were driving around Germany a year ago, you might have noticed that diesel fuel was barely 1-Euro per liter. Today? It's 1.55 Euro per liter.
It's being noticed by a number of folks, and economic problems are openly discussed now. I noticed this in the AM today....via a N-TV discussion.
All of this is driving food at the grocery stores up, and part of the inflation process.
To peak at 1.55 Euro? No....I've noticed various oil experts suggesting a twenty-cent more increase is very likely by Christmas, and it might not retreat until spring.
Some of this relating to the Euro/Dollar rate, and that oil is often sold via the dollar deals? Yeah.
Some of this relating to the CO2 tax deal put into effect at the beginning of 2021? Yeah.
At the tail-end....this affecting grocery prices? Yeah.
For every cent up this goes....it has a relationship to more taxes, so the government is making more revenue, without doing much.
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