Originally posted by THE BOUNCER
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Gas May Soon Cost $7 and $10 a gallon...
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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.
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Gas May Soon Cost $7 and $10 a gallon...
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.Tags: None


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