Originally Posted by
dalmore
$7 a gallon gas in 4 years will have little impact on the American lifestyle. Most Americans flip their cars every three years so by then they will have switched to a more fuel efficient vehicles or adjusted their budgets by refinancing their mortgage.
And incomes don't have to double since gas is still only a small percentage of the average American family budget.
But it does suggest one can make a profit investing in oil stocks for the foreseeable future.
This is the exact reason why this country is doomed. This type of thinking says that gas prices ONLY affect the car. It effects just about everything you buy. Food will be out of reach for a lot of our population, clothes, you name it. It has to get somewhere and that means is called gas. It will affect everyone. And most americans don't flip their cars. That's just the upper incomes.
I do agree with your last statement to a point. You'll have to be real sure when to get out or you'll lose your ass.