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Originally Posted by revjimk
Great post!
I remember when gas hit 55 cents, & lots of people said they'd stop driving if it ever hit $1....haha 
A few years earlier, a guy in our HS bought a 427 Chevy with two 4 barrels, & we were in shock when he spent $8 on gas cruising the first weekend he got it... |
A great post? Not hardly. Most people who go don't have an infinite supply of money, and it's short sighted to think that $5 a gallon gas isn't going to hit other areas hard as well. It's like people who support the $15 minimum wage. Yes, it helps those in minimum wage jobs, but the increases are simply passed on to the consumer, in effect, it is simply a tax on the people and it ends up impacting the people its supposed to help. Much of the wage increases were eaten up by inflation before the Russian invasion.
The increase in fuel costs, costs to heat buildings, produce other products are coming down the pipeline shortly. And at some point, people are going to have to make some hard choices, just like they did in the 1970's. I was around then, and a lot of people did without. Money that could have been spent elsewhere fueling the economy was spent getting to work, or keeping the lights burning at home. Going out to eat was a rare treat, not an expectation.
Of course, you're all going to be better off when we are all electric, and taking out loans to pay for those $70,000-$80,000 electric cars and trucks that may or may not get you to the track and back. Bankers are licking their chops at the prospects.
Sir, paying $5 a gallon for gas isn't going to keep your son in law out of a war. Not being dependent on hostile governments for critical resources is a far better solution.