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So, with gas prices going through the roof due to supposed lack of supply, and said supply to be restored when the pipelines are powered up, are prices going to fall again just as dramatically? Or, now that gas and oil companies know that we'll pay $4/gallon, but they never had the nerve to try that price point before, will they invent another story and leave the prices?
It seems that short term problems cause major spikes in a heartbeat. Fixing those problems never cause a corresponding drop.
I have real fears that this mess will cause a mjor economic problem. I have feared that rising gas prices would do that anyways, but I am afraid now that will accelerate, and we'll teeter close to free fall. 1990 is back.
And, as far as gas, my boat takes 275 gallons to fill. A few weeks ago, it cost over $800. This weekend, instead of using the boat and supporting the gougers, I'm sending my gas money to the Red Cross. I may stay overnight on the boat, but I'll keep it parked at the marina.
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