Is inflation and increase in crude oil price are directly related?

Today, a panel of energy of experts testified before the House Energy and House committee.





“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”


http://www.marketwatch.com/news/story/ga…





Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark.Is inflation and increase in crude oil price are directly related?
Yes, Inflation and oil prices are linked, as we completely depend on oil for electricity and transportation as all the commditites are transported , increase in cost of oil will increase the transportation cost and thus passed to the customer.Is inflation and increase in crude oil price are directly related?
Nope, inflation is a necessary trend for the economy, however, oil prices are making it a hell of a lot worse...if there was no inflation then hot dogs and orange juice would still be a nickel and a quarter
yes.....crude oil plays an important role in a country GDP growth which somehow also influnences inflation and a country economics.