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Old 22-02-12, 22:15   #3
Momotumbo
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Default Re: Surging gas prices threaten to derail economic recovery

Quote:
Originally Posted by Ladybbird View Post
Still the cheapest than anywhere else in the world that I know of. Americans are lucky
Agreed But we are spoiled Rotten. When I lived in England Petrol was always 3 to 4 Times as expensive as in the States. In Fact it was expensive all over Europe and in Holland they used to use Liquid Propane and gasoline Mixtures. The average engine was 2 liters or under unless one was a very wealthy person.
The Problem is that we are spoiled and with the economic downturn those who bought the big Gas Guzzlers are finding that filling their tanks is becoming prohibitive.
Well they have a Big Shock in Store as the feeling is that $5.00 Gasoline is just around the corner and if the situation in the middle east worsens (Which I believe it inevitably Will) They are predicting $200.00 a Barrel and Up.
We will once see again Many Hummers and 6.5 liter Vehicles for sale Dirt Cheap. The Question is will anyone want to buy them?
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