Originally Posted by Topspinmo (Post 1889967)

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.

Originally Posted by kkingston57 (Post 1890193)

Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

Originally Posted by mike1946 (Post 1890414)

Y'all just be glad you don't live in the UK - Gas (Petrol) has been over $9 a gallon for years and diesel even more.

Just stop whining.

Originally Posted by kkingston57 (Post 1890193)

Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

Originally Posted by stanley (Post 1889997)

It will definitely go up, but don't worry......the national minimum wage that's going to go up will offset the cost.....:ohdear:

Originally Posted by Dr Winston O Boogie jr (Post 1890515)

The president just rejoined the Paris Accord invoked more stringent fuel efficiency mandates, imposed a moratorium on oil and natural gas activities in ANWAR and stopped the Keystone pipeline.

What else could he possibly have done to raise the price of gasoline.

What a lot of people don't realize is that every product sold in this country and many services provided use gasoline. Not only with the price of gasoline go up but the price of every product and many services will increase as well. What the president and those of his party don't seem to understand is that this will affect the poor and middle class way more than it will the wealthy and upper middle class.

Bill Gates, Mark Zuckerberg and others in that class will still travel in their private planes and limos. They don'y worry about the cost of bread going through the roof. It's those on government assistance, minimum wage workers and people trying to raise a family that will be hurt by this.

The democrats response will be to raise the minimum wage which will raise prices even more.

In the first few hours of this presidency, this president has done more damage to this country than the past five presidents combined.

Originally Posted by gatorbill1 (Post 1890173)

No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.

Originally Posted by kkingston57 (Post 1890193)

Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

Originally Posted by kkingston57 (Post 1890193)

Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.

Originally Posted by oldtimes (Post 1890499)

Whatever happens will hurt some people but help others. There is a 3.3 trillion dollar deficit and the money has to come from someplace so one way or another we are all going to pay.

Originally Posted by stanley (Post 1889997)

It will definitely go up, but don't worry......the national minimum wage that's going to go up will offset the cost.....:ohdear:

Originally Posted by Scott O (Post 1890526)

We don’t need the other countries right now, we as a country had become self sufficient....but not anymore, so I cannot see any benefits coming from the future....

Originally Posted by Topspinmo (Post 1889967)

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.

Originally Posted by lkagele (Post 1890536)

I don't believe that 'the money has to come from someplace' is accurate. Our problem isn't generating enough income. The problem is that our government spends too much.

Our ruling class has absolutely NO intention of paying down the national debt. It's our great, great grandchildren that aren't even born yet that will pay the price for this country's reckless fiscal policies.

What I find ironic is that our push for 'green energy' is probably worse on our environment and our nation that fossil fuel production. An abundance of rare earth metals are needed for solar and wind energy production. Open pit mining is needed which ravages the land and, yes, takes huge amount of fossil fuels to perform. Most rare earth minerals needed come from China making us further dependent on that country.

Originally Posted by jbrown132 (Post 1890523)

As prices go up it effects of the cost of almost everything. That coupled with the new $15.00 minimum wage, which will also cause prices to rise and higher unemployment as businesses will pass along these costs to consumers I do not see the economy staying strong very long term. Add on the trillions we are adding to the national debt at some point the bubble is going to burst and it will be time to pay the piper. God help our children and grandchildren when this happens, as we will have left them one heck of a mess.

Originally Posted by biker1 (Post 1890540)

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.

Originally Posted by oldtimes (Post 1890555)

What is going to happen when electricity is our only source of power and it goes down? Also batteries are toxic waste, what are we going to do about that and lithium batteries are known fire hazards. We just had a fire in our neighborhood from a lithium battery that was charging in the garage. There are pros and cons to everything.

Originally Posted by biker1 (Post 1890564)

I am not arguing the pros and cons of batteries. I am only suggesting what may happen. Feel free to start a new thread.

Originally Posted by ithos (Post 1890419)

In the last few years not only did the US become energy independent on oil but also was the marginal producer in the world. Based on the proclamations of the incoming administration, existing fracking operations and drilling permits will come under increased regulatory pressure to be downscaled or eliminated. The purpose is to reduce the carbon emissions.

The impact on the economy will be two fold. First the prices of all energy sources will go up which will restrain the growth of the economy and put a disproportionate burden on the poor and lower middle class.

The second and possibly the biggest hurdle to returning to the pre pandemic record low unemployment levels is that the US will lose its primary competitive advantage for manufacturing. This will be a major drag for jobs particularly in the Midwest which had seen a revival of sorts due to not only cheaper energy costs but the USMCA agreement, deregulations and protective tariffs.

Originally Posted by trshannon@aol.com (Post 1890486)

if you think business are going to just start paying 15.00 minimum you have another thing coming. This will unemploy millions of workers and or put businesses out of business.

Originally Posted by oldtimes (Post 1890571)

You're right I should not have used you as an example. The point I was trying to make was that everyone is so concerned about the cost of gas but no one is considering the cost of alternate energy sources. One way or another it is going to cost us all.

Originally Posted by DAVES (Post 1890525)

I am thankful that I do not make the decisions. Most people, whoever they are, owe more than they have saved. So inflation is their friend. Most people-the biggest debtor is all of us-the national debt. The national debt last time I looked 28 Trillion dollars.
We talk about that number over and over again. How many besides me realize, face reality that we do no comprehend what one Trillion is let alone 28 of them.

The ten year treasury is now paying about 1% with 2% inflation, the fed target they are
as we blink stealing half of what you are being paid.

We are so distracted fighting each other that we are blind to reality.