Gas prices reaching gloomy status

By Joe McAdory

Published: February 28, 2008

President Bush was quoted Thursday saying he was unaware of forecasters calling for gas prices to climb to $4 per gallon in the near future. Maybe he hadn’t been watching the news, which obviously is tilted toward one agenda or the other, right? Or maybe he hasn’t filled up the family wagon in a while.

Regardless, don’t rule such forecasts of high gas prices out. It wasn’t too long ago that experts, whoever these people are, predicted prices to climb to $3/gallon. Many said, “no, that’s not conceivable.“ Well, we’ve been living with it for a while now. So why isn’t $4/gallon unconceivable?

High gas prices are really putting a pinch on the economy and our personal checking accounts. We can’t force worldwide oil companies to produce more petroleum and lower their prices, but it would be nice. Hopefully, forecasters are wrong and prices will remain where they are.