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Gas Edging Up To $4 A Gallon Again
I don't run around in a car as a rule, so I only notice changes to gas prices slowly. However, even I have noticed that gas is almost $4 a gallon where I live. (And premium is over $4 already.)
Remember what happened last time?
Of course, inflation being what it is, we may be able to go a little over $4 to $4.20 or something before we see what we did last time: the last straw on the economy's back that crashed it back in late 2008. Back then, we had some wriggle room and some savings. This time around-? Not so much!
As I posted not too far back, when a barrel of crude goes above something like $105 or so, it reaches a point where it isn't affordable enough to too many people and things go south. Further, a barrel will soon have to cost above $115 or there won't be enough money to process it from alternative sources. The problem is obvious– and we're back in hot water again.
Seeing these prices before Memorial Day is especially troubling, it means this summer gas will be mighty expensive indeed. The last time gas spiked this much, it took only 6 months for the precarious economy to falter. I wonder how long it will take this time?
Source: http://lucretiasheart.livejournal.com/1038144.html
