These headlines appeared in Sunday's Albany Times Union newspaper!
There's been talk of $4 a gallon gas since 2007. As badly as the oil companies have been longing to slap the American public with $4 a gallon gasoline, they've been held back.
(1) The Gulf Oil Spill may have actually saved the US economy, preventing another Great depression. Big Oil was AFRAID to hike prices (even though the go had already been given to charge $4 and beyond at the pumps) due to America's OUTRAGE over the spill. Backlash would have been so intense, they knew they shouldn't dare follow through with the price hike plan! There would have been riots in the streets!
(2) The US Government isn't ever going to admit it, but I believe officials worked overtime, pulling out all the stops and then some, to ensure that gas stayed under $3.25, that "magical point" for consumers... once gas starts rising above $3.25, consumers stop spending money at shopping malls and other places. The freedom to get in the car, mini-van, truck or SUV and go where you wanna go, outweighs the urge to buy anything but the most basic neccessities of life.
Wonder if the feds were helping keep the price at the pumps low back in Spring of 2009? Those low prices save many many families from drowning in a sea of debt.
Need a new vehicle? Hyundais and Kias are really great cars. Safe and good on gas. Don't run out and buy one of those phoney GM VOLT cars. GM is responsible for 90% of today's eco-mess! Better bets? Toyota Prius is good, Nissan Leaf is excellent... Ford has electric cars coming out soon...
That "Double-Dip Recession" is NOT a dead issue. The "recovery" will shatter within a week of gas hitting $4 a gallon. Mark my words!