[ Posted By: Launchpad on 12/8/2009 10:21:59 AM ]
Not too long ago an analyst by the name of Philip K. Verleger predicted a staggering increase in fuel prices. Recently he stated that prices will fall just as quick to around $1.15 a gallon, citing such reasons as decreased fighting in the middle east, a forecasted warmer winter, and lack of major hurricane activity. Other experts have agreed to a lesser extent, the average saying around $2.00 a gallon by thanksgiving. Amidst all this speculation is a whole lot of blogging, debating, and arguing.
This particular issue has brought out many topics despite the seemingly happy news. Conservatives and liberals fight about the war, the president, and the road ahead. Others look suspiciously at big oil and assume its another trick to increase their earnings. Some worry that low gas prices will take away recent focus on alternative fuels, hybrid vehicle development, and global warming.
And, as Americans, we all look towards Ford, GM, and Crysler and wonder what the future holds for working middle and lower class citizens.