It is a mathematical fact that gasoline in the U.S. will eventually rise to $100 for a gallon (perhaps $130 for those interested in higher octane).

This is not fear-mongering, but basic arithmetic and economics.  Here’s why.

The price of goods and labor is directly linked to money supply and market factors.  This is not merely “supply and demand” economics, but an issue of overheating (or overleveraging) an economy by printing and/or borrowing too much money.  When a government prints more money than the underlying economy is generating in real wealth, this is essentially a form of borrowing, often called “debt monetization.”

The United States has been doing this for decades, staving off the ordinary fluctuations in the economy punctuated by innovations and growth alternating with recessions – borrowing money in times of turmoil softens the blow, but also forestalls the consequences.

This is seen not just in the reckless Biden-Harris spending extravaganza masked by upside-down monikers such as “Build Back Better” or the “Inflation Reduction Act,” but across party lines and even centuries.

Notably, the largely forgotten S & L Crisis of the 1980s under the Reagan administration was never paid off: the proverbial can was simply kicked down the economic road (subject to compound interest, of course).  The S & L debacle is estimated to have cost U.S. taxpayers some $132 billion, chump change by today’s debt measures. But that “crisis” caused the collapse of more than 1,000 U.S. banks and the insolvency of the Federal Savings and Loan Insurance Corporation.

The rest here.....
Worth the read....

Our economy will collapse before gas ever hit $100/gal.

At 100$ ill be melting down SJW fat into diesel for my bro dozer in the mad max apocalypse

Bio diesel.

Maybe the obesity rate will go down since everyone will be riding bicycles and nobody will be able to afford Burger King. Glass half full!

I expect gasoline to surpass $100/gal.

But I have no idea how many decades it will take to get there.

I have to agree with this. Even $50 a gallon gas would finish off our economy as we currently know it. Assuming of course we are talking near term. Who knows what it will cost 30 or 40 years from now. I am old enough that it will be someone else's problem then.

I'll be using hundred dollar bills to start the fire in my fireplace.

Can't imagine how much electricity will cost if gas is $100 a gallon.

Just live your life dude. Senseless thought experiment is senseless.

I posted something in line with this a few weeks ago in another thread.

There are overt discussions in the financial sector of a consolidation of oil prices around $150 per barrel in the intermediate term.  This seems to coincide with a lot of the agenda 2030 talk as well, seemingly with those like 2035-2040 time frames.  That puts your gallon of gas somewhere in the $7-$7.50 price point.  The real question is how do we get there.  War and inflationary deficit spending seem the obvious answer.

FPNI.

I thought engineers at Porsche have already developed 100% synthetic gas?

https://techcrunch.com/2022/12/20/porsche-pumps-first-synthetic-fuel-as-chilean-plant-finally-starts-producing/

Wouldn't it be reasonable to expect that someone, somewhere, when it becomes financially viable, develop some iteration of synthetic gas?  Just because we don't have something now doesn't mean it won't happen later.  Some folks worry too much.

By the time gas hits $100/gallon, inflation will make $100 worth about $4 in today's money.

The financial people say Potato is tappin the spr again but i cant verify that.

The cost of gasoline has nothing to do with the cost of gasoline.

But, but, doom porn brah?
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$10/gal (average) across the US would cripple the country.  There are a lot of people at mid $3/gas (average) who dont get a full tank and full up to "some amount" that they have money for.  At 10 bucks, people would go no where and buy nothing.

They'll happen simultaneously. The price will be evidence of the collapse, rather than the cause of it.

When it does go we'll probably see the price move from $20 to $100 (and then past that) in a span of time of a few days to a few months.

It won't just be gas.

Somewhere past that point people will either switch to alternative payment means or they'll roll out the US dollar 3.0 (remember, we're already on 2.0
since we switched to FRNs decades ago.)

Probably both, along with some attempted legislation to outlaw the alternatives. The groundwork for this -- and another battle between the Feds and states --
is already being laid with states removing taxes on PMs and passing laws against central bank digital currencies at the state level.

Some prices off FB.

Everyone on arf will be literal millionaires when that happens.

Honestly.  I am rather surprised it is still as cheap as it is.

In my lifetime, the cheapest I ever paid is $.89

and that was a while ago

Considering how much everything else has risen since then, its a freaking bargain right now

Ha!  This made me lol.  Agreed.

Our women not having children is the equivalent of men not working with our current currency and political system that caters to big business interest. We need an entirely new currency and legal system to that is fair to those that produce more than they consume and a currency that can once again provide a safe way to save where the government cannot inflate its value away.

At this point, probably the single most effective way (yet most improbable) to fight what's happening is for all men to just quit doing anything inside the systems and institutions.

We live in a simp culture and we make our own bondage that is out of control inflation.

I remember gas under a buck and a pack of smokes was raised to $2.00 a pack. I remember buying cartons of cigarettes' from the PX for less then $20.00. If gas goes to $100 then how much will a pack of smokes cost. Although the way things are going they will outlaw cigarettes' before gas gets that expensive, and weed will be legal in all states.

@King-Of-Town
I mean, it IS funny that they're doing it in South America, since that's where some germans decided to move for reasons totally unrelated to anything that happened between 1933 and 1945.  

Far from the first time synthetic gas was put in a Porsche product though.  

The economy would crater from a lot of things. A lot of stuff you use everyday is a petroleum product, chemicals, asphalt etc... There's a reason large refineries have a chemical plant next door to use the feed stock that comes from the refinery.

As far as power always coal and can do like Europe. They buy southern yellow pine timber and short crop it (7 year rotation) and make wood pellets out of it and have it shipped from the US to England to burn in converted coal plants for power. So far in GA, MS, LA and then haul it to the coast and load it on a freighter. In LA they haul it to a giant dome on the MS river and store it then loaded onto a freighter and off to England. Of course that's incredibly short sighted and they are sterilizing the soil over time doing it but no laws against it, as of yet.

Of course nuclear power but it's not like a light switch you can't build them overnight. Where the US is screwed is nothing is done with more than a 4 year outlook timed with elections.

When I started driving gas was $0.59/gallon in a town with what was then the 4th largest refinery in the country. Would be more concerned that oil becomes more expensive to pump out of the ground and refine it than a refinery or oil company can make from it.

Yup. Getting paid $500 a hour to afford $100 a gallon gas, $200 happy meals, $20,000 electric bills etc.

This.  Some of this shit is off the rails.  PEAK OIL!

Some of that will just be Bi Diesel

They better recalibrate the fuel pumps with a few more digits so I can fill one of my trucks up with $4000 worth of fuel.  

if gas hits $100 / gal -- my investments will have skyrocketed accordingly

i won't care

It’s gone up roughly $2/gal in the last 30 years.  

If that rate held constant, it would take about 1500 years to hit $100. For some reason, I don't find this too concerning.