Now increase that by one third, or 33%.
That's the price you can expect for summer if my understanding of this article is correct.
Oil is currently 120 a barrel, but is projected to raise to 140. But they say the prices will be more like as if oil was 160 a barrel due to refinery capacity shortage.
That means an increase of 33%???
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.
5.25 here in Northern Indiana.
Let’s go Brandon!!
OBiden will mandate gasoline be sold by Liter to conform with international standard. $3/ltr price propaganda media will claim OBiden cut the price at the pump. LOL