Glen Beck predicted this 2 1/2 years ago, with the fact that we the people will not be able to sustain this kind of cost for a extended period of time.
Many Economists, are agreeing that this number is the breaking point.
That’s around 40.00 per tank more for me in a 06 Dodge truck. Do the math for your rig and see what the extra dollars will be right out of your budget.
Gas at 5.00 per gallon will expodite or inflate costs of everything we eat as well.
Looks like more folks are gonna be walking or bicycling to and from the stores.
If you don’t have a concealed carry permit now is the time. your gonna need your gun with more exposure to the riff raff who already walk the streets.
“American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it’s likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.”
“This definitely sets the stage, potentially, for much higher prices later this year,” said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. “There’s a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon.”
It will happen eventually. Inflation, growing worldwide demand, and the fact that most of the new reservoirs are more expensive to produce. Anyone that says it won’t doesn’t know what they’re talking about. Anyone that claims they can tell you when it will happen doesn’t know what they’re talking about either.
The fact that the Alaskan pipeline is pumping about 60% water just to keep the pressure up should be a clue. If they don’t allow drilling in ANWR soon, it will become a rusty relic and we’ll see another price bump.
not that I don’t see trouble ahead, but Im guessing that 5 bucks a gallon wont be a big deal. Not that it wont put some pain in our pockets and increase food prices, etc. But I was recently in the Balkans and the cost of fuel in that part of the world once you convert in from liters and euros is about 8 bucks a gallon. Do more folks walk, of course. Ride bikes, of course. However life keeps going at least for awhile, who knows when it could happen. But I submit to you all that shits not going to hit the fan and the walls come falling down at 5 bucks a gallon. I would guess not even 8 bucks a gallon, I would think things will get much worse, much much worse. I hate to say that because it sounds crazy, but i think it may.
who knows maybe im way, way off. I really like Glen Beck so i keep an eye on his show as often as I can and read the blaze. the tide of change is indeed coming faster than i prefer.
God bless and guide America and God bless you all.
$4.00 a gallon is was the trigger for the mortgage meltdown. People could not afford the extra $200 a month out of their budget. $5.00 will cause the urban zombies to ‘riot’ at even more convenience stores/gas stations.
To clarify. they were the trigger for the collapse. Why do you think millions of middle class people stopped making their payments? They were living hand to mouth and the added 2 Bens a month were too much to stay afloat.
Is the gas prices what made the clusterfuck? No, but it was the trigger for the collapse.
Sorry, not at the right computer. Will see if I can find it on favorites on an older one at home.
The theory was that the lion’s share of people who were fully invested in the bubble houses could make ends meet, barely, even after their ARMs went variable and their LOC’s mere maxed. They had to cut back on ‘luxury’ spending, but were keeping their heads above water.
Now go from $2.50 to $4.00 a gallon. Trashed their budgets.
I do recall the analogy the authors used to explain what happened.
The American household was like a man running headlong down a very steep hill. Completely out of control, but still upright and moving forward at a great pace. The gas spike was the tree root that turned that run into a near deadly tumble down the hill.
We are being groomed for high gas prices like a spouse being groomed for abuse. There will be no breaking point. We just keep bending over and taking it. Like the abusive spouse, we have become dependent on something we used to do fine without. Unlike the abusive spouse, the oil industry has driven us forward for good previously unheard of.
I don’t see a breaking point. We will pay what ever they demand, and they know it.
$5/gal. won’t inhibit my driving. We recently purchased a '12 Jeep GC with the Hemi knowing full well what we were getting into as well as knowing that the future will definitely bring higher gas prices. My Jeep gets approx. 15mpg and there is no way I’d get
Basic prepping, to me, means financial prepping as well. If a spike in gas prices will cause one serious issues, then now is the time to see if local buses can help with your traveling burden, even if it is just a lift once in a while or every day. Carpooling? Sell your current vehicle and buy something that gets better mileage? Drive less? Get a motorcycle? Some combination of previous? People will adapt.
Ditch bound We are.
I dont have a problem with staying home more often.
I will say I miss the days gas stayed at a certain price and didn’t fluctuate daily.
We have allowed it to affect everything.