So many people including top executives are saying gas will be $5/gallon by 2012. That is very soon.
This is partially because of the fact that there are many developing countries such as China and Russia who have a quickly expanding middle class buying up cars, and oil producers are not ramping up production to meat the need of the new consumer market.
I am by no means an expert on politics or economics <--disclaimer.
I just thought that this was interesting because I know I will not be able to afford owning a car if gas costs $5/gallon and I am sure there are others on this forum who will be in the same boat.
Consider the fact that food and many other thing will also go up in price because it will cost companies a lot more to move them around the country.
Consider the fact that the cost of living will go way up, and wages will in increase at all. In fact they may even go down.
What do you guys think?
This is partially because of the fact that there are many developing countries such as China and Russia who have a quickly expanding middle class buying up cars, and oil producers are not ramping up production to meat the need of the new consumer market.
I am by no means an expert on politics or economics <--disclaimer.
I just thought that this was interesting because I know I will not be able to afford owning a car if gas costs $5/gallon and I am sure there are others on this forum who will be in the same boat.
Consider the fact that food and many other thing will also go up in price because it will cost companies a lot more to move them around the country.
Consider the fact that the cost of living will go way up, and wages will in increase at all. In fact they may even go down.
What do you guys think?
Comment