gas price forecast
I have a note on my calendar that on 5/9/2022 Gonzalo Lira said gasoline will be $15 per gallon, minimum, by now (December ’22). I wonder what happened.
I have a note on my calendar that on 5/9/2022 Gonzalo Lira said gasoline will be $15 per gallon, minimum, by now (December ’22). I wonder what happened.
NOBODY KNOWS NOTHING !
SO MANY INSANE PREDICTIONS AND THEY ARE ALWAYS WRONG
Is he still in Ukraine?
Same price in Ukraine now as Costa Rica (US5.32/gal)
https://www.globalpetrolprices.com/gasoline_prices/
I’m not sure anyone listens to Gonzalo Lira for his economic prognostications. A good thing about this “age of lies” we are in, is that we have to rely on ourselves to discern the truth. Mainstream sources are certainly lying to us, so we have to look to other sources. Many of them are dishonest and biased as well, but many offer real insight. We have to curate our own information and opinion sources, and that’s probably for the good.
Gonzalo has been at this for years and years already and his prognostications have never materialized in any satisfactory way. He did a presentation on hyperinflation more than a dozen years ago and drew a lot of flack from just about everyone. The idea that inflation would suddenly careen into a hyperinflation thus allowing debtors the mercy to pay off all their mortgages overnight by pulling a wad of notes out of their wallets is….absurd. I would take his forecasts with a grain of salt since he clearly does not know what he is talking about.
What happened? It’s called a cyclical downturn… Don’t worry next upturn you’ll get your spike up in 2024 perhaps? But then again they will be drawing down the SPR for the election again, maybe it comes sooner.