Thursday, April 21, 2011

Chace of $6 Gas By Summer

 It's blasted right on the front of Drudge, you can't miss it. Gas in Upstate New York has already broken the $4 a gallon mark, to the chagrin of motorists everywhere. Yesterday I saw an article saying that $5 gas wouldn't be such a bad thing after all. While that's obvious bullcrap, $5 may be the least of our worries.

Can you say $6 a gallon? Thanks, Obama!

"All we have to have is a couple badly placed hurricanes which could constrain some of the refinery output capacity in some key locations," says Richard Hastings, strategist at Global Hunter Securities in Charlotte, N.C. "If you get weakness in the dollar concurrent with the strong driving season concurrent with the impact of one or two hurricanes in the wrong place, prices could go up in a quasi-exponential manner."
 Better start hoarding gold now.

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1 comment:

  1. According the rationale of inflation - it's time that gas went up in price anyway.

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