Cat raises prices

The price of just about everything is rising, due largely to world oil prices, and by extension, gas and diesel fuel. So it's no surprise that it is going to cost you more to own a Cat. Caterpillar Inc., the largest maker of construction and mining equipment in the world, announced in a regulatory filing, that it is adjusting product and merchandising prices up to 5 percent. The action "is a result of current general economic conditions and industry factors," and is driven by continuing their long-standing commitment of providing optimal value to customers and stockholders. Caterpillar said details by product will be released to dealers in the coming weeks, and will vary across geographic regions and products. Your comment?