We Officially Have The Highest Gas Prices in History! (No End in Sight)
We will hit $12 – $15 a gallon.. I’d bet sometime in 2023.. Add me on IG @ThisisJohnWilliams
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Gas prices are skyrocketing and are the highest gas prices in the history of the United States. This increase in gas prices will impact all consumers whether it be home insurance or daily necessities at the grocery store, everything will become much more expensive with gas prices rising. CNN’s economist stated that if we hit $150.00 per barrel we will be in a recession. To me, it is not a question of if but a question of when. I believe we are heading to sky high gas prices and that these prices will only continue to rise.
How will rising gas prices impact service based jobs that have employees that are earning minimum wage but simply can not commute to work as the costs for gas to commute may exceed the value of their job.
I believe we will see the entire economy in America change and rising gas prices and the costs of living will rise with it. How will rising gas prices and rising costs impact an already struggling consumer that is barely making it as we are now facing a recession and some economists worry about an economic depression.
These two factors combined would not be good for the average American who is struggling to make ends meet. This moment in time is unlike any moment in history and gas prices will likely continue to break records as we move forward into 2022 and 2023.