2008 REDUX

7 comments

Posted on 20th June 2014 by Administrator in Economy |Politics |Social Issues

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Gas prices are the highest in history at this point in the year, except for 2008. That was a fun year. Gas prices are already over $4.00 in California, New York and Chicago. I wonder if history will rhyme? If Iraq blows sky high or a couple of large hurricanes drift into the Gulf of Mexico, the resulting oil price spike will ignite a new conflagration that will make the 2008/2009 implosion look like child’s play.

7 Comments
  1. Administrator says:

    Or 1987 Redux?

    20140620_1987_0.jpg

    20th June 2014 at 3:52 pm

  2. AKanon says:

    Regular is right at $4.00 here in Fairbanks. And AK has only an 8 cent/gal state gas tax.

    20th June 2014 at 4:47 pm

  3. Steve Hogan says:

    As a California resident, I can’t remember the last time gas was BELOW $4/gallon.

    20th June 2014 at 5:22 pm

  4. Southern Sage says:

    Don’t worry, be happy.

    20th June 2014 at 6:51 pm

  5. el Coyote says:

    In1987 the machines were doing the selling, this time it’s different, as more investors are participating in the bubble. They have forsaken all retail buying to invest in the market, it’s irrational exuberance all over again.

    21st June 2014 at 12:28 am

  6. Thinker says:

    On mobile so not sure this will work, but check out this chart:

    http://www.exxonmobilperspectives.com/2014/05/22/gasoline-prices-around-the-world/

    21st June 2014 at 6:43 am

  7. Administrator says:

    Thinker

    I’m moving to Venezuela. It must be paradise.

    Gas_price_chart_05-2014.jpg

    21st June 2014 at 6:52 am

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