Gasoline prices will spike up to close to $4.00 per gallon within a few months, it was reported today. It really is painful for the economy and hits lower income working class drivers the hardest.
This reminds me of the mid 70's when the economy seemed to take one punch after the other and spiralled downwards into stagflation. Remember Gerald Ford's WIN buttons and Jimmy Carter's "malaise" speech?
Hopefully this generation will be able to learn what others before have: the good times don't always last so have fun while you can but have a plan for what to do when things go bad...
