Fuel prices translate into higher prices for everything else. The bleeding should slow in January, but it will take years of sanity for the wound to heal. Everyone with a mortgage that can float thru will be paying it back for 75c on the dollar after inflation settles. Everyone who saved cash will have 75c on the dollar. All property worth owning be it a hammer or a house will see increases rising with inflation. If the bleeding doesn't stop in January, we're definitely going to see a deep, long, worldwide depression. If you have never read Revelations, now would be a good time.