One other data point that unfortunately is negative: diesel fuel is down 35% over four months. Usually less responsive to crude oil price and more related to level of trucking activity cross our continent.
Were still at $5/ gal for diesel. Hasnt gone down at all since it rose to these highs. Gas came down a little bit but is right back up in less than a weeks time.
I talked to one of my main metal suppliers today and he said he is happy I am busy as that is not the case for a lot of his customers right now. Must be getting bad out there for some.