Road Warning: $7 Gas May Be Ahead
Economist Predicts Increase By 2010, Which Would Take 10 Million Cars Off The Road
(CBS) A new energy report predicts $200-a-barrel oil in as short a time as two years. If that happens, gas would likely go up to $7 a gallon - and that would have an enormous impact on the way Americans live.
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Economist Jeff Rubin predicts the $7 mark will arrive by the year 2010.
Hardest hit will be those for those making less than $25,000 a year. For them, gas will go from 7 percent of their income to a whopping 20 percent.
"People are going to be spending more on gas than they are on groceries," said Rubin. "And that's not a sustainable choice."
In fact, by 2012, higher prices could send an additional 10 million vehicles off the road.
Damn.
I'm starving today and I had normal breakfast -- toast w/ avocado, cereal w/ banana and strawberries, and glass of grapefruit juice. How can I be SO VERY HUNGRY??
You should get a burrito.
I am having Indian!!! I am excited! I've not had it very often and I *think* I like it!
A new energy report predicts $200-a-barrel oil in as short a time as two years. If that happens, gas would likely go up to $7 a gallon - and that would have an enormous impact on the way Americans live.
I think that's about when plug-in hybrids will hit the market. Those things are going to sell like hotcakes. My hopeful plan is to buy my parent's Prius when they replace it and modify it to a be a plug-in.
You should get a burrito.
Strange. Everytime I come to natter. Gud's burrito comment is what I get as the last post.
Either the board is telling me I need a burrito (I DO NOT!), or something is screwy.
I made French toast for breakfast--some crusty French bread, added a bit of vanilla to the eggs & milk and sliced fresh, farmer's market strawberries.
Go, Allyson! I'm glad weight isn't the only metric they're paying attention to. Sounds like changes are happening for the better.
The kids and I are outside this morning, since Owen doesn't have school. Liv's playing with a little golf club and Owen's watching bugs.
Happy Birthday, JZ!
