You are correct. The effects of higher gas prices goes way beyond the pump. The retailers such as grocers, clothing stores, furniture stores etc will raise their prices on the products to off set the increased delivery fees to have products delivered to their retail stores. We have a large furniture dealer here in Houston who stated yesterday that he used to pay 1500.00 for a furniture delivery to come from California now the charge is 2300.00. guess who pays? I had my secretary order flowers for an ill employee the delivery charge went up 10.00. We ordered food for lunch normally they deliver for free, they now charge. Casual hourly employees are having a hard time financially because of the high gas prices just to get them back and forth to work, some of them were just barely getting by before the fuel hikes.
Gas 2.53 a gallon US here is the break down:
1.43 Crude Oil
.44 Taxes
.07 Distribution/Marketing
.59 Refining