Tuesday, May 02, 2006

Try Commuting for Two Hours!

The Environmental Economist thinks that gas prices will hit $4 by the end of July.  I’m going to make a bold prediction that gas prices will cap at $3.50 or $3.60 barring major disruptions in the supply chain.

I think that consumers, in general, will balk at prices as high as $3.50 and will drastically change their habits if it gets that bad.  $3 sucks, but it’s not that bad when you know that it’s a temporary condition - $3.50, on the other hand is just way to freaking much.

I know that I would have a little sit down with my boss and tell him my days of a two hour commute are over and I assume that others would do the same.

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