The market can only bare so much. At $7.00/gal there will be a serious decrease in consumption and therefore demand. Prices will come down at that point. However, the damage will have been done to our economy by that point.
I am in no way a pessimist, but I believe we are headed for a serious recession. We are not in one now, the economy has yet to have negative growth for any quarter, still growing. But with the lay-offs at the airlines and in Detroit and related areas, we will have soon. I am an example. Just closed my small transportation company, had to let two employees go, now I'm working for someone else.
I now have a nice 17' V-nose enclosed aluminum trailer if anyone is interested. :)
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Today's Featured Article - On the Road with Dave Gohl: Deere Departed Friend - by Dave Gohl. Have you ever had to part with a dear friend? It's not easy. If it's due to death, your feelings could be in disarray for days, months or even years. Even now after almost 4 years, I still miss my dad. I remember when I was a kid my dad sometimes would tuck my brother and I in at night and we would ask him questions about his childhood on the farm. To this day, it's some of the best stories I've ever heard. And now, I'm so glad that I asked those questions, and if I were a little smarter i
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