[mmasters]

It's a complex question but I think it's an important one...how long does it take for that 70 $ a barrel oil to become fully accounted for and adjusted to in the economy? Has there been any analysis to show the timing of the trickle down effect?

From what I've read it takes 5-6 months for a fed rate increase to become economic reality, I'm curious about oil price increases as well.

[IslandCrow]

One small part, but a part that affects businesses is the amount that they can pay their staff when the staff uses their own cars. Here in Finland the government only adjusts this tax-free amount every 1st January. This one factor (which can be important as it adds to business costs) can take anything up to 10 or 11 months to filter through, but on average it is about the 5-6 months that you mentioned.