Quote:
Originally posted by cd34@Apr 8 2005, 07:38 PM
I paid $2.44/gallon yesterday a few blocks from the house.
$2.35/gallon in Miami.
I think $2.50 will be the resistence number -- that seems to hold some real psychological barrier. Oil is just under $54/barrel and Opec said they would ramp up production. Personally, I think it will hover around $2.50/gallon for 3-4 months before it starts to drop -- indifferent to the price of a barrel.
There are things that higher gas prices curb -- like discretionary spending. One might consider site memberships to be discretionary spending. 
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According to CNN the other day, polls indicated that most people would not strongly object until they see $3.00 a gallon...
Which means that the gas companies (oil companies whatever) will push it to $3.00 now that the pollsters have told them where the limit is...
Defendant: Well Judge, how much is my bail.
Judge: How much did you bring ?
Defendant: about $2000
Judge: I have the strangest coincidence for you