Dec 07, 2014
I'll tell you this much more. Gas will go down, and oil most likely as well. You might see another 10 to 30 cents decline at the pump before it rebounds a bit. I know we're in A BOTTOM, but I'm not certain that we're in THE BOTTOM just yet. Prices can't go too low as it'll be bad news for millions who'll lose jobs in our nation's energy, investment, automotive and manufacturing sectors, and you can't grow an economy without them growing to some degree. Retail might and will grow just a bit temporarily as a result, but once the people who are making $11 to $45 an hour or more lose their jobs, then the rest of the nation will begin to feel the effects of it. I'm hoping we'll bottom no lower than the $56 to $61 level, and then only see a slight increase to the $67 to $74 level again and stay there for some time before it really goes up, AND IT WILL. It's only a matter of time.