Buckle-up, fellow Americans. In the not too distant future we are going to WISH we could get back to anywhere near the prices we're paying right now. And that doesn't just apply to gas. What our irresponsible government has done will come with a heavy price and we are the ones who will pay it. At the very least it will extend the recession (as it already has) and cause survivable price increases. At the worst it will cause debilitating inflation, stagflation or outright collapse of the financial system. In any case, do your family a favor and make decisons now that will help you deal with what's coming.
It's likely stagflation has already begun. One of the signs is that commodity price increases are outpacing growth in the economy, such as it is.
Another thing to be worried about: the Fed just did a second round of "quantitative easing", or QE2 as the Wall Street Journal calls it. Bernanke thinks the biggest threat is deflation right now, so he's deliberately causing inflation. Says some "controlled" inflation is necessary. Right.
Go to Lowes, drop a paint can, bend over to clean it up and read the thread at the link above. Gummint screws subjects everytime! Do you really think Washington cares that the gas prices are out of control? They will when they start getting fired because of the economy, commodity prices, and JOBS! Two Senators are in trouble next election. I have emails from them regarding their lack of concern for the urgency of fixing the economy first. If you Vote in VA, the incumbent Senators need to go.
I've read about prices going up, but they have not here yet. We left for Boulder CO last Thursday (Nov 4). Regular unleaded gas in Pocatello was $2.87. We filled up at the Pilot in Laramie for $2.49. Gas around the Boulder/Denver area was about $2.60 or slightly lower, with one station in Fort Collins selling E85 for $2.38. We returned home on Wednesday, filling up at the Pilot in Laramie for $2.47, and when we arrived home in Pocatello that evening it was $2.85. It was still $2.85 yesterday. I did not drive by a gas station today so it could have changed.
Let's see now. Some idiot in the white house doctored a scientific recommendation on drilling in the gulf so some other idiot who lives in the white house could justify banning drilling there. Idiot number 2 also gave $2 billion in loans to a Brazilian company so they could drill in deep water (presumably their deep water is safer than ours??). Now idiot number 2's defacto campaign financier, George Soros, happens to own a large interest in said Brazilian company so at least some of the money should come back to the US in the form of democratic political ads in about mid-2012 unlike the drilling rigs which will stay in Brazilian waters for many years.
Where is the media outrage...???!!! Why no Congressional investigations..??!!
Last time gas headed towards 4.00, all we heard was "Bush is in bed with BIG OIL.."..!!
Before too long...you will look back LONGINGLY at 4.00 gas as "the good old days".
I hate threads like this. All the "big oil consipriacy" nuts come out of the woodwork. How do these guys explain the fall of oil prices, or anything commodity-related for that matter? And if there's this fine tuned conspiracy and some company is making obscene profits, why don't they brag about how much they are making on their stock?