Today, the gas price is as cheap as it’s been since 2005: $1.97 on average across the country. I filled up a 2008 Dodge Dakota with Magnum v8 for around $40 and some pumps in Southern California goes as low as $1.80 ish. So it’s easy to forget that as little as three month ago, a gallon of the road juice was over $4 AKA highway robbery. But how long is this going to last? Long enough to make all trucks and SUV sub-20 MPG important hauling trucks a practical purchase? NOT. But it is long enough to make those car manufacturers to closely running out of benjamins (Dough). The Big 3 are strapped for cash now and begging for a $25billion bridge loan just last week.
The price of gas is a complicated formula, with variables including OPEC’s daily level of greed, the number and location of which countries we’re currently invading and the current reason for low prices: demand or the lack of it. Should we all be scooping up cheap SUVs on our way out to Black Friday sales, or should we be saving our pennies in anticipation of prices again skyrocketing? So, How long will cheap gas last?
Our hedging bets against the future is that the current low prices are a knee jerk reaction to that whole financial bomb and current hard times for most. As soon as things started to get quite, GM declared to be saved with the bail out money, then a different scare will come around, possible terrorist attack like in Mumbai somewhere else or more Axis of evil countries are developing more threats etc. These topics are food for the OPEC to hike up the price of oil again. We are certain that gas prices will head back up to previous levels or beyond. After all, with the rapid development of economies in Asia, demand for fuel has forever increased. Strap on your seat belts and your wallet people. Enjoy the cheap gas prices while it last.
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Cheap Gas.. Sure, it was someone else's gimmick in the first place.
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