Thursday, August 03, 2006

I predict $5.00 gas for America in 2007

$3.00 gas is only the beginning. I am now predicting that America will see $5.00 gas in 2007. Get in line for hybrid cars now!Iran's Foreign Relations Vice Minister Manuchehr Mohammadi told Venezuelan state television, "The first consequence of these sanctions would be an increase in the price of oil to around $200 per barrel." (more)

Let's face it, the situation in the Middle East is not going to suddenly clear up. In fact, it's probably going to get far worse before it gets better. So, if $3.00 gas seems expensive, how will $4.00 or $5.00 gas feel? Don't think it can happen? Last year I guaranteed $3.00 gas in 2006. Now I guarantee America will see $5.00 gas in 2007. While I believe $5.00 gas won't last long, I also believe we won't fall below $3.00 per gallon in the next few years either.

How much of a bargain will hybrid cars be then?

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