I was driving to school yesterday morning and I noticed the gas price was up even higher, from $3.54⁹⁹ to $3.59⁹⁹. On the way home from school, I noticed once again they rose the price during the same day to $3.64⁹⁹, which is pretty ridiculous. Every time these prices raise, the cost of delivery is greatly affected. As most of us can already tell, the cost of food (groceries AND dining) will rise right with the price of gas. The local McDonalds here doesn't even have a dollar menu anymore, the local Italian place's strombolis have went from 4$ to 6$, and I can't even buy lunch at Sheetz anymore without spending 10$. There are estimations that gas will rise as high as 6-8$ a gallon by the end of summer.

I heard congress might interfere soon, so that might be something we can look forward to.

Anyone have any thoughts and/or predictions of the economy to add?

GAS PRICES AREN'T THE ONES RISING, THE VALUE OF A DOLLAR IS DECREASING.

discuss how right I am.

Dear Kame:
Yep, it's dropping faster than a load of fossilized poo. On the plus side, ever other country's currency is worth more! =oD

I predict that when the dollar hits rock bottom, they'll introduce the "Amero." People, out of desperation, will have no choice but to convert.

If you have savings, I'd recommend converting it into something resistant to inflation. Gold prices have skyrocketed. Interesting, no? The law of supply and demand states that prices are determined by the supply comparative to the demand. If gold prices have jumped so much, it means one of two things. Either the demand has increased, or the supply has decreased. If you were rich... wouldn't it be a good idea to take as much gold out of circulation as possible? Especially if you're anticipating the US dollar to drop.

A little from column A, a little from column B.

On the plus side, at least those billion US-dollar reserves held by PRC-China is now worth less...so those red commies have less money. XD jking

This is what a bloody war gets us.

To me, the gas companies are causing all the problems. Prices continue to rise while these corporate businesses rake in record profits. Something should be done to the gas market because the gas market affects the prices of a lot of other things. I think that it's because our politicians are involved in the gas market which is why they don't want to regulate prices, etc etc.

It might help that we give them billions of dollars a year to keep gas prices low.

The dollar is quite low at the moment, yes. Not too long time ago 1$ equaled 7,50 NOK, now it's down to around 5 NOK! But the gas price is also going up, even here in Norway(but not as extreme as in USA obviously (12,60 NOK = 2,50$)). And for the first time as can remember, diesel cost more than gasoline

Placing all your money in Swedish banks isn't only stylish now, it's useful.

And just to let you all know, I'm getting around $2600 this year due to oil prices. (Possibly more if some legislation passes for our state to charge more for drilling.)

I'm sure the fact that oil tycoons currently run the administration is JUST a coincidence.

Recessions are just the economy growing slower than predicted.

This is just a typical business cycle. The US economy will be running at its potential output in no time.

When a country enters a war, the economy usually shifts so that that effort is put into the war. This is what usually jump starts an economy and causes new technologies, new jobs, more money, and so on. But, when we entered the "Iraq War," we did not change to a war economy. Money is thus being poored into the war effort without the benefits of a war economy. That is why the dollar is decreasing.

Heh, my friend at school showed me this site that showed that within the last couple years the death toll in Iraq has doubled as well as Dick Cheyne's oil company stocks (from ~30$ to ~60$).

Its almost as if capitalism works!

Like I said in my post before it was deleted because a moderator thought it was spam:
"My turtle has also doubled in length in the past couple years since the Iraqi death toll has doubled. Conspiracy?" ----> an allusion, not spam.
I guess I should explain my posts more with additional paragraphs:
Dick Cheney retired from Haliburton a while ago, and they've been removed from many of the Iraq building contracts. All the stocks of oil companies have gone up, not just Dick Cheney's. Suggesting that oil companies are profiting from the Iraqi death toll is unsupported speculation at best.

Post has been edited 1 time(s), last time on Apr 29 2008, 8:25 pm by Intranetusa.

Nuke China then?

Otherwise it probably stands to reason there's no more point to starting wars anymore.

Post has been edited 11 time(s), last time on May 2 2008, 12:39 am by Tuxedo-Templar. Reason: ...

Maybe you misunderstood me (or I typed it wrong), but I didn't mean it as the oil companies profit from soldiers dieing. It was for comparison, not correlation; showing that our nation's leaders' companies continue to grow and profit substantially from the war while soldiers are dieing which leads many to believe that's why we entered and are still in the war today (conspiracy theory lol).

lol


Ah I see. Yes, I agree...current events make me sad.

Thats the worst rhetoric I have ever read. Do you want to know why? People who make commercials would know why -- they would be high fiving each other with the knowledge that there will be people out there who can take their jobs when they retire.

That statement uses the widely used transfer technique. You have attached the negative connotation of people dying to the neutral idea of profit.