They say it will be $5 a gallon by memorial day. It's about $4 a gallon in my area right now.Still can't complain. I remember 4 years ago when it was over $4
I remember $0.35 a gallon and it was full service. My sister was driving a VW Bug and she held up a dome and told the guy she wanted a dimes worth of gas and please check the oil.We've been over $4.10/gallon for a couple weeks in Illinois. My niece is turning 16 this year and we were talking about the price of gas through the ages. I remember paying $0.98/gallon the first time I drove a car. Seems like it was so long ago.
I cannot really think about this topic and not recognize the political forces that are driving it... Food for thought, if you're inclined to look for the "why" of things:
http://www.realclear...lar_253935.html
We're really witnessing the managed decline of our dollar. Oil is sold in dollars, not any other form of currency. It's not an accident and the thought that the President is "looking into the situation" when it comes to oil companies and speculators is insulting. I guess the hunch is "we" are not smart enough to recognize that the problem is a function of the Fed devaluing our dollar and the current administration's own policies. I'm not drinking that kool aid.
PS I'll be filling up my SUV today and apparently will pay $3.72 + the cost of a carwash.
Yes, thank God, the American voters did make pretty much as big a RIGHT turn as was possible with the elections last November. Unfortunately, that didn't change Bernanke at the Federal Reserve nor derail the Obama Administration's war on US EnergyDidn't Americans just vote in a new Republican Congress, can't they pick up the ball? I don't drink kool aid either it's too sweet! And you're in finace, what about futures in the oil industry?