Higher gas prices, higher food prices.....people are starting to really feel the pinch.
Already, the demand for gasoline has begun to drop, and if the price starts to approach the peak we had in 2008, the demand could drop dramatically and that could result in the oil companies "holding the bag" on too much expensive unleaded gasoline. Indeed, Goldman Sachs today said that supplies--in spite of the recent trouble in Libya--have not dropped at all, and this combined with falling demand could result in a pretty steep price plunge very soon.
I’d like to know how this compares Globaly.
Does anyone know where to see a breakdown of average gas prices for the Western countries?
It would be interesting to see how prices compare to per capita income.
Would like to see prices for Eastern countries in the same way too.
A Democrat I know actually has this bumper sticker on his car;
“Gas was $1.49 when Bush was elected.”
What was it when Obama was elected? $1.79?
The escalating cost of gas is merely another step in Obama’s plan to destroy America. Obama thinks America hasn’t been paying it’s fair share for petrol. He said so from the beginning. He also promised he would change it so Americans are paying as much for petrol as the Europeans. Since to pay less, is a crime against his master, one allahmoohaamedalikrashadalialquedamosbrohoodofamericaandmideasternafghanfagpersianknightsarbianpimpsofterrorahmedthepervertedknightofgay.