Quote:
Originally Posted by BlueStreak
Up another 168 points this morning. Probably fueled by the beginning of the Holiday shopping season, would be my guess. I expect it might drop a tad after the After New Years sales are over.
Anyone think maybe the rights worst fear is that the economy WON'T crash next year?
Dave
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I may be looking at this wrong but this mornings news here on NBC said we just may face high gas prices again soon. The last time it went through the roof was sposed to been because of supply and demand, but this time they say it's because gas sales are down do to less people driving and they are losing money because of it.
When gas gets out of reach, everything from goods, food, to utilities goes up with it. I remember when our 130.00 light bill turned into 500+ when gas went up last time. It's trickled back down to under 200.00 a month now ( still to high but better than 500 ), but if gas goes up again, so will the light bill. At least thats what Middle Tennesseean's have noticed. Why else would everyones light bills more than double? They told people it was because of the waste spill they had to clean up, but folks had already seen 100 or more a month spikes in their bills before the spill happen.
Any time people can't afford gas and everything else that goes up in costs because of gas prices, they have no money to spend.They also must choose between making their house payments or buying gas to get to their jobs to be able to feed their kids. Thats an awefull choice for folks to have to make. With the thought of people out of work, and many of the ones who are working barely making it doing the best they can at this point, it makes me think just how bad it'd be next time with many folks already down. I'd hate to see another crash period, but it'd be really bad to see another one when this country hasn't even got back on track yet. Scary thought.