Saturday, July 26, 2008

Good news for a change

Where I live the price of gasoline has finally dropped down below $4/gallon nd should hit $3.75 soon. I saw that average gasoline price for the US today was $3.96/gallon. Fiannly we are getting some relief from the high prices.

I predicted that politician would try to keep gasoline prices under $4/gallon this year due to the elections, but come next year expect things to get real bad as a decline in the dollar could boost gas prices above $5/gal in event of trouble.

The Saudis are running out of spare capacity and 200 dollar a barrel crude is just around the corner. Peak oil is not a hoax, this is but a small calm before the storm. Stock up on food & fuel.

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