Gas to reach $4.50 by Memorial day

[tommymac]

Question is when/whatlevel wil it stop at? Theyre already saying sustained prices like this will cripple the economic recovery, and the consumer will get hamered every which way on this.

[Particle Man]

Originally Posted by tommymac

Question is when/whatlevel wil it stop at? Theyre already saying sustained prices like this will cripple the economic recovery, and the consumer will get hamered every which way on this.

Good question. There's already rumors of diving back into previous recession states.

[tommymac]

Originally Posted by Particle Man

Good question. There's already rumors of diving back into previous recession states.

I wouldnt be surprised, figure its 4 bucks a gallon now, what will it be come memorial day, and further into the summer.

[Particle Man]

Originally Posted by tommymac

I wouldnt be surprised, figure its 4 bucks a gallon now, what will it be come memorial day, and further into the summer.

I'm gonna be mowing the freaking lawn with scissors at that rate.

[tommymac]

Originally Posted by Particle Man

I'm gonna be mowing the freaking lawn with scissors at that rate.

Sux fo rme that I have these long ass commutes to get to work. using the bike will ease the blow a bit, but it kills me that it costs over 20 dollars to fill up the bike

[wildchild]

Originally Posted by tommymac

Sux fo rme that I have these long ass commutes to get to work. using the bike will ease the blow a bit, but it kills me that it costs over 20 dollars to fill up the bike

exactly. same thing here. 1 hr commute 50 miles one way.

price is up to 3.99 here now. I think I'll start riding a horse to work.

[Papa_Complex]

Originally Posted by tommymac

Sux fo rme that I have these long ass commutes to get to work. using the bike will ease the blow a bit, but it kills me that it costs over 20 dollars to fill up the bike

When I started working here, more than a decade ago, I had to put about $8.00 in the Bandit 1200 roughly twice a week. That's about 30 miles, each way, in some of the worst traffic you'll find in North America. Now it's about $16.00, 1.5x a week, for a 650. Of course traffic has also gotten even worse, over that time.

[goof2]

Originally Posted by tommymac

Question is when/whatlevel wil it stop at? Theyre already saying sustained prices like this will cripple the economic recovery, and the consumer will get hamered every which way on this.

New oil in this country is effectively off the table, at least for the time being. An alternative source of energy that actually works, nuclear, just got taken off the table for all intents and purposes permanently. Inflation is happening but the government isn't dealing with it through higher interest rates. Investing in commodities is the best available hedge against inflation which is driving practically all commodities up big including oil. My point is oil prices should logically continue increasing and a small drop like today will have no effect at the pump.

[shmike]

Originally Posted by goof2

New oil in this country is effectively off the table, at least for the time being. An alternative source of energy that actually works, nuclear, just got taken off the table for all intents and purposes permanently. Inflation is happening but the government isn't dealing with it through higher interest rates. Investing in commodities is the best available hedge against inflation which is driving practically all commodities up big including oil. My point is oil prices should logically continue increasing and a small drop like today will have no effect at the pump.

Goldman Sachs disagrees.

http://finance.yahoo.com/news/Oil-pr...&asset=&ccode=

[goof2]

Originally Posted by shmike

Goldman Sachs disagrees.

http://finance.yahoo.com/news/Oil-pr...&asset=&ccode=

We are talking about trying to predict the future so obviously opinions will differ.