Thread: Gas prices-
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Old 08-05-2008, 06:26 PM   #12
hulkyj61
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Location: K'Port, ME/Westford, MA
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Quote:
Originally Posted by RIROCKHOUND View Post
Wow you are optimistic. I don't think I've seen on analyst predict that large of a drop this winter. I think where we are now is about where we stay; unless we have a major storm.
a lot of people up north are going to have a cold, expensive winter.
I know the circumstances are not the same but the oil crisis in the 1970's brought record prices to the pumps. Now the dollar amount never came back down to what it was, but it leveled out with inflation during the 1990's. Since there is more demand around the globe today the price is much higher, but should level out as new technologies come about and demand decreases.

These are just my opinions as a business/economics student and what I have read and applied to these real life situations.

Give a man a fish and he will eat for a day. Teach him how to fish and he will sit in a boat and drink beer all day.
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