Originally Posted by
ls01
Strange how things work out. I wanted to move to a smaller house with a larger garage. So I would have more shop space for the cars. Now with this new administrations politics, I might not have anything to work on to need the shop space for. The prediction for $5.00 a gallon is just to much for me. And premium is even higher. Time to cash in my chips and walk away from the table.
I lived through $4.69 a gallon in the Portland, OR metro right before the Great Recession really hit. And drove around in Canada on a couple of occasions, so I think I can handle $5 gas.
But the EIA thinks we won't have to worry for at least two years...
EIA forecasts gasoline prices to average $2.44/gal in 2021 and $2.46/gal in 2022
Gas got cheap last year because of severely reduced demand, but now demand is higher than supply, but that should settle down in a couple of months (worldwide).
