Posted on 06/07/2022 10:31:52 AM PDT by Mount Athos
traffic will be minimal if people can’t afford gas!
At what price do the torches and pitchforks come out?
“I have a trip to Colonial Williamsburg planned for August.”
No big deal...if you live in Newport News.
150 a barrel
I'd guess around $15, they know their boundaries and the sheeple reaction.
It will never happen.
I agree that at that price it will have an immediate effect.
Some peeps are laboring under the misconception that $5 - $6 range is transitory and that things will return to normal before long. So they keep spending.
But to your point...at $8 /gal the cost impact is immediately and painfully apparent when 6 figures appear at the pump. Those long round trip drives are really going to hurt.
(Paying for the necessities is going to get harder and harder, and eat into whatever disposable incomes people once had. This belt tightening is going to ripple throughout the economy making jobs less secure. A big mess in store for us. Elections sure do have consequences.)
Agree. The masses are too passive and fearful.
$5.49 a gallon in DC. Until last week prices were sort of restrained. Now they are socking it to the deep state.
If you live in some blue crap hole city, riding gas tax subsidized mass transit, you’re probably more worried about any increases down at the dispensary.
I wish I did. But I live a bit further away. It’s definitely going to cost me to get there.
$4.69 in Minot, ND. You’re well ahead of us.
You really have to be clever to work at Goldman Sachs. First you finance a corrupt demented politician to become President. As predicted the lowlife and his cabal assault the fossil fuel industry. No drilling ,no fracking , no pipelines, no new refineries, no nuclear, no coal. Then you get to predict that the price of oil, gas and electricity skyrockets, the economy contracts and inflation soars. What would America ever do without Goldman Sachs?
We fill up about once a week. Last week I paid $5.04. Today it was $5.29.
Accurate summary.
5.56mm
Biden: Jimmy Carter in diapers.
$8 gasoline means $10 diesel. What does that do to trucking? Farming? Construction? Tesla doesn’t make electric tractors, combines, or bulldozers.
Expect $10/gallon at the pump by election day.
Goldman is being conservative here.
Unless Brandon surrenders to Russia, the continuation of sanctions and war will lead to about $200/barrel WTI crude oil prices, and about $20/mcf natural gas prices, all by around Nov 1.
A 20-gallon fill-up for your car at the service station will be about $200.
Like ebola, this should burn out by the end of summer. If it does not people have a hell of a lot more money to burn than I ever thought they did. I don’t and I have previously considered myself able to weather financial storms better than most. My discretionary spending has all but collapsed.
Any deadly virus runs out of victims.
In the summer of ‘08 I took a motorcycle trip from here to Whiteman AFB up through the lakes area of the Ozarks in Missouri. IT WAS EERILY DEAD. No cars on the roads, no boats on the water, only a few groups of people in campsites sitting around or swimming. You could see the recession coming. It was glaring.
In September of ‘08 I went to Oregon to fly an airplane back to Texas. Same thing, dead and long faces and empty air space.
I paid $63 for 12 gallons of gas to run the mower and trimmer yesterday. It got my attention.
History may not repeat but it usually rhymes.
Yes, but the cabal of people responsible for this outrage needs to be identified before appropriate punishment is meted out
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.