Sunday, May 18, 2008

Record gas prices again. Get ready for $4.00/gallon.

Well, next seekend is Memorial Day weekend. You might know that gas prices Always go up for Memorial Day weekend. This year will be no exception. With the price of oil already at $127.00 per barrel, we may be looking at Oil flirting with $200/barrel! Yes, I am serious! Check out the quote from Goldman Sachs:

"As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or a major oil supply disruption could lead to $150-$200 a barrel oil prices".

Can you imagine what gas prices would be like if oil hits $200?!?! Combine this with our country going into a recession... well, let me just say, I would not want to be our next president and take over this mess. We might not be too far waya from this cartoon:

I sure would like to hear from somebody that thinks they have the answers to this problem.

In the meantime, if need errands run, bank deposits made, lunch picked up for the office, etc... stop wasting your money by using your own car and gas. Call a local courier service and have them do it for you.

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