Just seeing Ed’s post made me think back to the prediction earlier in the year about when gas will hit $4 a gallon. I said with haste that would occur on September 16, 2008, as we’ll be in the middle of Hurricane season. With any luck or miracles, maybe we won’t have as active of a season again this year.
Anyway, the Dollar is slowly gaining strength, the European Central bank is poised to lower its own interest rates, therefore losing precious value of the Euro… how long will it last?
The Dollar has been on the up side a week or so. Economists believe if any recession does exist it would be a shallow and fast moving event.
Anyway, I don’t know that $3.75 is the magical number, given that this year’s run-up in prices has been significantly higher, but I still debate myself as to whether we’ll see $4 a gallon this Spring.