Sunday, June 29, 2014

Prepare for $5 per Gallon Gasoline

AAA says the number of drivers on the road this holiday will be the highest in seven years.

According to the national average for a gallon of regular gasoline is $3.68. I expect the price to climb as price inflation begins to accelerate, and, according to ABC 7 Chicago, some oil analysts predict gas prices in the U.S. will surge to 5-dollars a gallon. It could be more.


  1. People will quit buying it at north of 4 bucks a gallon. I'm not seeing it. Gonna call BS right here and say the current meltup ends by labor day.

    1. That's a ridiculous assumption. Also oil and gas us not strictly a consumer good hence why it is affected in such a way through the stages of ABCT.

      People will cut out their fast food, Starbucks, and just about everything else before the simply stop buying fuel to heat their homes or get to work. Especially when they are already on the hook for all of the car payments that led to these record number of drivers.