Just a reminder to all. The spike in fuel prices in 2007 and 2008 began the downward spiral leading ultimately to the collapse of real estate in 2008.
When you can Spike fuel prices, you kill car sales. You make every economic activity far more expensive. All kinds of jobs start drying up. Then those people have trouble meeting financial obligations, and it snowballs.
We could be seeing the beginning of them tanking the economy as a method to attack Trump before the 2020 election.
That is exactly what my thought are.
Not sure why the oil/gas industry would want Trump out, but I expect to see gas close to $5/gal in the summer of 2020.
Nah. We won’t see what happened in 2007-2008 again. Now this nation is energy independent. We weren’t 11-12 years ago. If Saudi Arabia takes another million barrels off the market, it’ll just encourage oil companies to produce more oil from shale oil sources in North Dakota and Texas.
Your theory in post #22 may very well be true.
I was reading yesterday on the internet that 12% of vehicle owners who have FINANCED their vehicle are now NINETY DAYS or MORE in arrears with their payments.
Elevated gas prices only worsen that situation.