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Brace yourself America; $5/gal gas is coming

Faramarz_Fateh
by Faramarz_Fateh
29-Apr-2008
 

During the past 10 day, I have filled up my car with $4.09/gallon gas at the Union 76 station on Santa Monica Blvd. 91 Octane mind you. I know I can get premium gas for $3.98/gal but its not worth the drive and the taffic. Between myself, my wife and my older son, we are spending over $700 a month on gas and its begining to hurt our pocket books; bad.

Unfortunatey, I don't think this is the end. If you look at a few factors including the greed of Bush's friends whom only have a few more months to F us in the back, everything points to $150/bl oil and $5/gal gas (OK, premium) by mid summer. What are these factors:

1) Demand usually goes up during summer.

2) Oil future prices point to $130+/bl

3) Dollar futures don't show any sing of "positive" change; that is, US dollars will continue to be weak. This ofcourse will run up food prices as well because all commodity futures trade in US$.

I often wonder why people are not doing anything about this? Strike, Boycott,... Between the 3 major U.S. oil companies, they had profits of $46,000,000,000 in the last 2 years. What the Fuck! I think they should retrun some (50% sounds good) to the consumers.

Also, there should be a ban on extreme speculation on oil. Sort of a limit on how much can be made by these bastards.

Wake up people.....REVOLT!

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Source URL (retrieved on 09/04/2008 - 21:52): http://www.iranian.com/main/blog/faramarz-fateh/brace-yourself-america-5-gal-gas-coming

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