Long ago during the Bush era when diesel hit $4,50 a gallon wages were very different
Despite people complaining about Fuel is still comparatively cheap and those complaining usually don’t actually care about gas prices but in reality are upset about “other” things real or imagined
I would estimate no one will really care until we are in the $8/$9 a gallon area until then I foresee no change in behavior as compared to the Bush era of gas price hikes every year
Quote:
Originally Posted by hayden55
Interesting enough it went from 1.55 to 3.09 here. So a double-ish.  |
Gas for $0.99 a gallon for quite a while last year as gas went negative and fuel companies went bankrupt shutting down.
So around here it’s about a 3x increase
Which means absolutely nothing,
if there were no pandemic gas would have been around $4 a gallon near the end of last year.
Energy investors have been leaning heavily into oil interests to stop drilling and exploring to increase profits, this type of behavior is what gave us $4 a gallon gas last go around in the Bush era, that behavior also increased the fallout in 2008 as large banks learned why a monopoly on a commodity only drives bigger failures