Quote:
Originally Posted by Garywt
So my daily driver for the past 8 years is a Ford F-350 with a 6.2 liter gas engine. Gas guzzler, I get about 12 mpg. I don’t drive it everyday anymore but drive it often. I love the truck, longest I have owned a vehicle and no plans to get rid of it. Even if I wanted to, the dealers do not have anything on their lots to buy. The other day, the pump shut off at $100 and almost gave me a full tank. It is not the first time we have seen prices like these. I believe it was twice before.
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Yup, not the first time. I think, back in 2008 I recall predictions of $4/gal causing a recession came true. In adjusted dollars, I expect $5/gal or so would be about the same, and consider the beating our economy has take for the past couple years, I expect we are in for some "exciting" times. They happen periodically, and they normally correct themselves. The Fed can help or hinder the recovery - but only a small amount. It mainly takes time.