ron2
Posted : 5/19/2008 6:47:57 PM
I got my first license in 1980. Gas was around $1/gal in the D-FW area, here in Texas. Now, it's hovering around $3.70 and they expect it to be $4/gal by the end of summer. This will spell the end of buying trucks and suv's for a while. Look at the next dealership as you drive by. Rows and rows of trucks (around here) and not many small cars. People are buying the small cars.
As I have said before, we can turn our economy around by taking the next person that says we can't drill our own oil and treat them as a traitor to our country. If we produced our our own oil, the price would probably drop to about $2 to $2.50 / gal. The only reason it wouldn't drop lower is because the govt has added an excise tax to pay for ethanol subisidies. This ethanol craze will lead to inflation and already has led to increased food prices. All for a "green" fuel that will actually create more problems than it is supposed to solve. Why, you say? Politics and money, which has little to do with science and engineering.