Saturday, May 24, 2008
I have got to vent just one more time about the recent gas price surge. On Tuesday morning I bought gas for 3.75 at a gas station near my house. This morning, four days later, gas is now 4.09 at the same station! That is a whopping increase of 34 cents in four days!...when...is this going to stop? I have read conflicting reports over the past couple of weeks regarding gas prices. Some suggest this current surge is a bubble just waiting to burst and that the current market forces estimate gas should be about 75 dollars a barrel at the present time. Others suggest, it is headed towards six dollars a gallon. I hope and pray the bubble burster senario is the correct one because if it is not than inflation and recession are headed our way. Living in California can be a real drag because many of our cities are so spread out and many of us car pool long distances to work. In my case, I travel almost 80 miles to work each day. Thank goodness summer vacation is almost here. This year I may have to forgo going anywhere because of the outrageous gas prices. I guess I can get just ride my bike up and down the neighborhood and watch Planet Earth/National Geographic on my big screen t.v. and "pretend" I am on vacation.
Posted by Bilbo at 9:12 AM