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By JollyJo. Posted on 01/22/2012. Filed in Economy, Education, Investing, Money & Business, News & Politics.
High oil prices translate to high gas prices. Petroleum is also an ingredient in fertilizer. This, combined with higher transportation costs, increases food prices. Oil and its main product petroleum are sown into the very fiber of every modern civilization, everything one way or another is connected to something operated by oil. So in essence, when oil goes up, everything goes up.
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