$5 Gas Prices??

Hello All:

I was reading an article that predicted $5/gallon gas prices by the end of the summer (blogged about it here)

I find it hard to believe that the price that will get that high... what do you think?

 

it sucks but i believe it will happen =/.. i hope it doesn't though

 

I was amazed to see that some people in some states spend as much as 17% of their total income on gas

 

I believe it sucks also. we all need to work on a way to get rid of that high price gas...

 

It will eventually, it's our fault though.

 

that is a lot ...

 

A decent percentage of that $5 goes towards taxes also

 

Yes... I think in some states as much as $.85 per gallon is taxes.

 

Nothing has seemed to stop the hike of gas prices to where they are now, and my guess is they will more likely hit $5 towards the end of the year. Maybe a better question is if and when this happens, what will people do about it? Suck it up? Cut back on their driving? Protest? etc.

 

People should protest when the gas gets to $5 a gallon this is ridiculous.

 

The economist in me tells me that people will cut out some of the miles they drive. The problem is that in the U.S. that is very hard to do. People need to drive to live since there is little or no mass transit.