Tuesday, April 12, 2011

Question of the Day: What Will High Gas Prices Do To The Economy?

Gas prices continue to increase, and analysts say five dollars a gallon by summer is very possible.

We don't have a real economic recovery going (like they pretend in the video), but what hope there is for improvement could be derailed by high gas prices. I'm paying over $4.00 a gallon right now for regular. I have had to cut back on everything else as a result, including food, entertainment, clothing and more expensive items (such as a new digital camera) I've been planning to purchase but will have to postpone for a while.

How high will gas go, and do you think it will stall any potential economic improvement? Or will the effects be temporary?


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