The conspired run up will peak around Memorial Day with a barrel selling for around $125. Then the real numbers will come out, then bust!!
Globally, people are making the choice to feed & house themselves and their families first. The rest of their money will be put back.
True, there are several out their that make real good incomes and will go on vacation this summer, however, several are not in that boat and they will stay home.
When one looks at the recent housing bust, auto sales and retail sector reports coupled with the , yup, we're heading into a significant retraction in the economy especially when couple with the inflation in food and fuel.
The odd thing about the inflation in food prices is that our own federal tax dollars are being paid to farmers to let 38 million acres of land sit idle and not be planted. Yeah...like the gov and working on its plan.
We are staying home. Dad’s got a truck and a hybrid camper for vacations. They are staying put.
I joined Sam’s Club and we can walk there. Dad works 5 miles from home and loves to cycle.
Our cars will be sitting this summer.