Gas May Soon Cost $7 and $10 a gallon...

[NYCmitch25]

Gasoline May Soon Cost a Sawbuck - April 28, 2008 - The New York Sun

Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.

That's the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize.

The forecasts calling for a jump to between $7 and $10 a gallon are based on the view that the price of crude is on its way to $200 in two to three years.

Mr. Brodrick's $200 oil forecast is largely predicated on a combination of pretty flat supply and rip-roaring demand. Other key catalysts include surging demand in China and India, where auto sales are booming, and major supply disruptions in Nigeria and also in Mexico, our second-largest source of oil imports, where oil production has fallen off a cliff.

[NYCmitch25]

fuk were gonna have to ride mopeds/ motorcyles like Grinder does.

[FitnessBrat]

Just reading the title pisses me off...

[Bouncer]

gas at $10 a gallon would shut down America.

[bigscott]

gas at $10 a gallon would shut down America.

yes it would -- actually pretty scary to think about -

ourselves to blame though - we have become one of the most oil dependant countries in the world

[YellowJacket]

gas at $10 a gallon would shut down America.

I just typed the same exact thing, then read your reply. Can you image if gas was $10 how much bread, milk, etc. will cost? Yikes.

[Stonecold54]

gas at $10 a gallon would shut down America.

I think for gas anything above 5 would shut down most things or raise prices to ridiculous levels. the price of gas causes exponetial raises in everything. life as "Suburbanites" will be over....cities will become more close knit. large chain stores will lose buisness as they depend on overseas and large trucking distances to keep supplies up so their competitive edge would be gone. it will revert to more local producers and less urban sprawl...hmmmmm.....isn't that what one group of american's WANT?

[SonofBone]

Some serious research for alternatives such as hydrogen & nuclear energy need to become available. Also, companies need to increase telecommuting for their employees where applicable.

[hitmansb]

Unless avian flu can get a stranglehold and kill off a significant part of the population in places like China and India, it's going to happen eventually. Too many new cars coming onto roads around the world every day.

[hitmansb]

companies need to increase telecommuting for their employees where applicable.

Governments should offer companies some sort of rebate on their corporate taxes as an incentive.

[NYCmitch25]

the avg. comute is %20 longer, house size %30 bigger, need a comforatable SUV for the longer commuter - than 20 yrs ago all thanks to cheap fuel

europe pays about $9 now they just bumped up from $4

[Timma]

If gas gets up to $10 we're gonna have another depression.

[babyblues]

That, my friends, is what we call propaganda. I'm sorry, but what a bunch of crap. There is no freakin supply and demand problem. Goodness. Gas probably will go that high and we'll be told that it's because of supply and demand. Bullshit. Gas reserves go down 6% and the price of gas goes up 186%?!?! We're being sold a bill of goods, folks. The thing is that if our economy collapsed, so would the world's economies. The entire world isn't dumb enough to let that happen...at least one would hope. In the 70s, there was this "shortage" that made the price of gas shoot through the roof. People were lining up for miles to get gas. Come to find out, gas companies were holding their tankers offshore telling the public there was a shortage and jacking the prices up, then magically making the tankers appear with more gas. It's nothing new. It's a manipulation tactic that has been used many times before and the American public falls for it every time because we're lazy and stupid. People trading oil futures have completely lost their minds! There is no rational reason for trading oil futures at that price. All that has to be done is plant the IDEA that there is a supply and demand problem and we lose all common sense. Just the suggestion that oil will hit $200 a barrel will probably be enough to con us into paying that price out of panic. "Oh my God! We better buy at $200 or we won't get any! Oh my God!" It doesn't even matter if we do anything to reduce our consumption because the price escalation really isn't due to supply and demand in the first place. It just pisses me off that we're being scammed.

[SonofBone]

Babyblues, this article illustrates what you're saying...

Why we're stuck with insane prices - MSN Money

[toolwtf]

This is about how much gas costs in the United Kingdom, thats why they all drive tiny cars or take the trains. America would be fine if gas went to $10 per gallon. People would adapt. They would ride bikes and take advantage of public transit.