It wasn’t that long ago when people went ballistic over $1.50/gallon gas. Gas is on the low side of what it could be right now because of recession decreasing demand and allowing high inventories. If we have a short term increase in demand with a depleted supply, we’ll see prices more than double.
Congress will hold hearings on “price gouging” and “profiteering” by the oil companies while they spend us into oblivion and continue to restrict domestic production of oil -and do nothing about the fundamental reason, the piss-poor dollar that got that way due to out of control spending.
“Cause if fuel goes up to $4, other prices have to increase to offset the input costs rising.”
People will literally not be able to afford to drive to a store and buy skyrocketing priced goods, transport them back to a location and be able to properly store them at $4/$5/gallon of gas.