Another ”Great Recession”?
Much can happen in the world today and we never hear about it regardless of how many CNN correspondents are in the field. But when something happens to raise the price of gas, we all know about it right away.
In 2008, gas peaked at $4/gallon and was attributed, in the most part, to speculative buying. We saw what $4/gallon did to the economy and unemployment figures, the economy plunged and unemployment shot off the charts. Many experts say that $4/gallon gasoline is the point at which the cost of gasoline directly and indirectly cripples our economy just as it did in 2008. It’s been 4 years now since the beginning of ”the great recession” and we’re just now starting to struggle back.
Well don’t celebrate yet. Something happened, somewhere, to get gas prices moving back up to $4/gallon, and some experts say that it could even hit $5/gallon or higher. Does this mean a “greater recession” is in our future? Unfortunately, that is a possibility.
What happened to push the price up?








