This thread is mostly for Americans (which includes, of course, Canadians and Mexicans) - Europeans will think gas/petrol at $6/gallon is cheap. I don't know about Australians.
How would $6/gallon affect you? Would it be a minor irritant, would it change your habits? Would you buy a bicycle, or trade your monster truck for a Chevy Volt?
http://www.cnbc.com/id/42683030?__source=otbrn|outbrainext20110422151708|&par=otbrn
Quote:
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Hastings sees gasoline having "no problem" getting to $6.50 a gallon over the summer after increased demand and storm disruptions come into play.
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I think that gas over $4/gallon would reduce demand, and decrease the chance of getting to $6. High unemployment, combined with demand reduction due to more fuel efficient and electric vehicles, I predict the US average gas price will top out at no more than $5.25 per gallon in 2011 (with higher prices in California and Alaska). As we get farther above $5/gallon, more people will lose their jobs, further decreasing demand.
What's your guess?