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How long do you think it will be until gas is $8.00 a gallon?


When the dollar is worth 0.50 CAD. Oil is sold in Dollars, Canada is our largest importer. We get a lot of oil from other countries as well, as our dollar weakens the price of oil increases. The debt the US is piling up and defaulting on is frightening foriegn investors away. The US dosen't export enough to keep the world buying things with dollars. These events will cause a huge devaluation of the US dollar making everything we import far more expensive.
Now if you're looking for a timeline, I estimate winter, 2010.


Good answer Ted. I am sure you have considered the fact that the Fed wants to print money to pay for the Financials bail out as one of the causes of inflation in the near term.


January 22nd 2009


Thank you pb. You are pobably very close.


Don;t even think that, that would be a sin.


Which Commandment does it violate?


Thou shall not steal




Depends on who is elected Pres and the House and Senate will have something to do with it as well.


In part of Europe, it's already over $9.00 a gallon.


the bush admin is definately holding down prices until after the election


They don't have the power to do that. Sheesh.


You might see a price increase sooner than you think.


Actually we might see a price increase soon due to people reacting to market uncertainty by putting their money in the oil sector but pretty much every single economic analyst out there is predicting a collapse of the oil commodity markets. Put simply, global economic downturn means that people just are less able to afford oil at its current price, leading them to consume less. Combined with other things it points to a big fall in oil prices.


I hope you are right ThatOne Guy.

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