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$10/gallon. At least.That JPM map is really something. I was driving around yesterday and really noticed the number of massive vehicles on the road- Suburbans, Tellurides, Tahoes, Sequoias, not to mention full sized trucks. I wonder how high prices will have to go (and for how long) before people start to ditch those.
The fertilizer shortage and the rise in diesel fuel prices will hit globally.Unfortunately, I think this will impact a lot more than gas prices. Could be a pretty deep recession. And gas shortages? That will get ugly quickly.