You bring up some good points Danny. The story about the ammonia producers is a good one. The ammonia producers basically said "Like heck we're going to make ammonia from $20 gas and "try to" peddle to farmers for a profit." Likewise the farmers would have responded in similar fashion but fortunately didn't have to.

Perhaps the challenge for determining where we will be next year (and years away) is understanding what proportion of price changes are devaluation of the dollar and what portion is market driven (supply/demand ... greed/fear). The inflation stays but the market changes are variable.