A blog pertaining to the future of real estate brokerage: residential and commercial.
Saturday, May 24, 2008
Gasoline Prices & Real Estate
Gasoline prices?
Should we anticipate a short or long term problem with rising
gasoline prices?
Is this, as some pundits say, the "war premium?" Or are the present soaring prices just another 1970's oil bump-in-the-road?
When the "weapons-of-mass-destruction" war in Iraq began, the price of oil was about $28.00 per barrel, and today it's at $135.00!
Almost everyone, everywhere in the US, is now financially impacted and inflation is evident.
Like it or not,the rising cost gasoline to record breaking levels, has and will continue to have, a negative psychological effect on the the majority of the US population.
If we learned anything in the 1970's it was patience!
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