Most Popular Choices
Share on Facebook 9 Printer Friendly Page More Sharing
OpEdNews Op Eds   

Here comes $1 Gas....???

By       (Page 1 of 4 pages)   No comments
Message Tex Pitfield

Now that I have your attention, I would not break out the champagne yet, nor would I wait to fill up until the cost of gas drops further.

We are witnessing first hand, at our very own expense, the mother of all recessions.

To put it into perspective, a year ago Crude Oil had hit $154 a barrel, while the price of a gallon of Gasoline in Georgia was approaching $4. By September, Crude had retreated to about $110, but with the triple hit "perfect storm" of hurricanes, gasoline supplies all but disappeared for three weeks.

Meanwhile, the recession hanging over our heads dropped like a rock, the stock market fell out of bed, the real estate market crumbled and we saw banks and the economy succumb like out of a horror movie.

By winter, Crude was at $33, a nearly 500% retrenchment and gasoline was about $1.50.

Three weeks ago, crude was back at $73 and going higher, gas selling for $2.50.

Today, Crude closed at $60 and gas is somewhere around $2.20.

If that doesn't leave you seasick, likely very little will, but for most businesses, and the consumer, you and me, it has been a virtual hell.

Next Page  1  |  2  |  3  |  4

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Tex Pitfield Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Anthony C. "Tex" Pitfield was born in Montreal, Quebec, Canada. In 1962, his family moved to a working cattle ranch in southern Alberta, (just north of Montana), where he grew up in a cattle and equipment oriented lifestyle until his early (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Sonny Perdue Prays to God for Gas

Fools for Fuel

I told McCain to pick Palin on August 1st.

A new 'Manhattan Project'

When is a Depression not a Depression??

The Evils of Cheap Gas

To View Comments or Join the Conversation:

Tell A Friend