I believe the price of gas will double within 3 years. The real key is to watch how much US production declines. Demand will increase as the world’s population is vaccinated. If OPEC is smart they won’t increase production and will profit from the increase in demand. The new administration will be fine with this as it will fit their narrative. People of means will buy electric cars with a substantial tax credit. The less fortunate will have an ever increasing percentage of their income go to energy.
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Originally Posted by Topspinmo
Anybody willing to guess how high gas prices will be in year and 4 years. IMO $3.50 and above $5.00. So will say that good thing, and some will say its economy killer. It will affect everything, most all food prices. There will Alway be demand for crude oil and coal.
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