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[url=http://www.bizjournals.com/southflo...rices-could-hit-250-a-gallon-by.html?ana=twt] Gas prices $2.50 this fall [/url]
The Saudi's are increasing the oil supply. Europe is in recession and cutting back. The result is oil prices are falling. This guy predicts $2.50/gallon prices by Nov. This wouldn't be the first time we see this. That is what happened in the early 21st Century under Bush. The US grew because of the lower costs this brings to manufacturing, transportation, food, and households.
When we have more surplus money to spend we, generally, spend it. USA Household spending has been loosing over the last couple of years. The recent (2007ish start) recession recovery will be sped up if that happens. People have a strong short term memory bias. If they're doing better closer to the election they'll vote back in the guy that's sitting there now. Obama will go back in.
The only thing that might be able to stop it would be a huge overspending by Romney. Predicted amounts at present are 4-5 fold spending over Obama for Romney to take office. If gas prices dip I'd say Romney needs to spend closer to 7 fold more. (Koch get ready!)
The Saudi's are increasing the oil supply. Europe is in recession and cutting back. The result is oil prices are falling. This guy predicts $2.50/gallon prices by Nov. This wouldn't be the first time we see this. That is what happened in the early 21st Century under Bush. The US grew because of the lower costs this brings to manufacturing, transportation, food, and households.
When we have more surplus money to spend we, generally, spend it. USA Household spending has been loosing over the last couple of years. The recent (2007ish start) recession recovery will be sped up if that happens. People have a strong short term memory bias. If they're doing better closer to the election they'll vote back in the guy that's sitting there now. Obama will go back in.
The only thing that might be able to stop it would be a huge overspending by Romney. Predicted amounts at present are 4-5 fold spending over Obama for Romney to take office. If gas prices dip I'd say Romney needs to spend closer to 7 fold more. (Koch get ready!)
