‘Does it cost
you hundreds of dollars just to get to work each month? If it does, you
are certainly not alone. There are millions of other Americans in the
exact same boat. In recent years, the price of gas in the
When you are
on a really tight budget and you are already spending several hundred dollars
on gas each month, you certainly do not want to hear that gas prices are going
to increase even more.
A lot of
Americans are moving or are getting different vehicles just because of these
outrageous gas prices. The following comes from a recent Mercury News article....
Katherine Zak, of South San Jose, is searching for an apartment
near her new job at Facebook in Palo Alto, partly to
cut down the cost of driving. Jeff Benson, of Raymond in the Sierra foothills,
typically drives 60,000 to 70,000 miles a year and has traded in his 19 mpg
Ford Taurus for a Fusion that gets 33 mpg. And David Thomas says his commute
from
The price of
gas is going even higher even though energy consumption is sharply declining in
the
That is not a
good sign.
Certainly any
decrease that we are seeing in the
So just how
bad are gas prices in the
Just consider
the following facts....
-The average
price of a gallon of gasoline in the
-The average
price of a gallon of gasoline is already higher than $3.70 in Connecticut, Washington D.C. and New York.
-In
-In
mid-January 2009, the average price of a gallon of gasoline in the
-The average
price of a gallon of gasoline in the
-Never before
in
-The Oil
Price Information Service is projecting that the price of gas could reach an
average of $4.25 a
gallon by the end of April.
-The price of
oil just keeps going up. The price for
-The price of
gasoline is also reaching record highs in many areas of
-In 2011,
But the price
of gas is not the only thing making driving much more expensive these days.
All over the
country, our politicians have been putting up toll booths. Most of the
time these toll booths are going up on roads that have
already been paid for.
After paying
an outrageous amount for gas and after paying the outrageous tolls on many of
these toll roads, many Americans wonder if it is even worth it to get up in the
morning and go to work.
Unfortunately,
a couple of new bills in Congress right now would reportedly allow even
more highways to be made into toll roads.
It is almost
as if they want to force us all to stop driving our cars.
America used
to be the land of the open road, but that era is rapidly coming to an end.
Another thing
that could put upward pressure on the price of gas is the situation in the
If war does
erupt, or if commercial traffic through the
Approximately
20 percent of all oil sold in the world passes through the
So is there
any good news?
Well, there
is one thing that would likely bring down the price of gas substantially.
A
global recession.
Remember what
happened back in 2008.
Just
like we are seeing right now, the price of gas really spiked early in that
year.
Eventually,
the price of oil hit an all-time record of $147 a barrel in mid-2008.
But then the
financial crisis struck and the price of oil fell like a rock as you can see
from the chart below....
http://albertpeia.com/Price-Of-Gas-440x264.png
So could that
happen again?
Certainly.
There are a
ton of other parallels between 2008 and 2012.
In both
years, we saw global shipping
start to slow down dramatically.
In both
years, the
In both
years, many economists were warning that a great
financial crisis was about to strike.
Back in 2008,
the epicenter of the financial crisis was on Wall Street.
This time,
the epicenter of the financial crisis will probably be in
Keep your eye
on
But the
problems in Europe are not going to end with
So yes, if we
see another major global recession that will be great news for the price of
gas, but it will be really bad news for the millions of people that lose their
jobs and their homes.
Unfortunately,
we live at a time when the world is becoming extremely unstable. The
great era of peace and prosperity that we have been enjoying is coming to an
end. The global financial system is going to experience a tremendous
amount of chaos in the years ahead and that is something we will all need to
prepare for.
For now, the
price of gas is a major concern for millions upon millions of American
families.
Someday,
however, we will wish desperately that we could go back to these days.’
