Gas prices are highest ever for this time of year

Discussion in 'Wall St. News' started by S2007S, Feb 19, 2012.

  1. piezoe

    piezoe

    This is an election year. Odds favor a decrease in gasoline prices later in the year.
     
    #11     Feb 22, 2012
  2. zero rates make the price of money go way the fuck down.
     
    #12     Feb 22, 2012
  3. AK100

    AK100

    Typical poltician, just telling people what they want to hear.
     
    #13     Feb 22, 2012
  4. You are wrong

    You can definitely have weak US economy and strong Chinese & Indian economy and also high oil prices together which is what is going on right now. US consumes less than %20 of all oil in the world right now. Give it 10 years, the ratio will be less than %5 so the strength of US economy will be meaningless.
     
    #14     Feb 22, 2012
  5. Exactly. As Asia rises, the US loses its power over the price of commodities, and can easily experience stagflation. Stagflation, properly understood, is the process of an economy losing ground to others. Central bank actions can only either accelerate or slow down the underlying process.
    Anyway, I don't think that's necessarily inevitable over the long term for the US. Once the cost gets high enough, substitution and conservation will take over with a vengeance.
    Medium term we do have a problem.
     
    #15     Feb 22, 2012
  6. Banjo

    Banjo

    #16     Feb 22, 2012