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Finance Economist, 5/26/26
"What Will Happen If Gas Hits $10 A Gallon?"
"Gas was $2.96 on February 26th. It’s $4.55 today. California is past $6. Diesel hit $8 in San Francisco. That’s a 54% increase in 87 days. And Wood Mackenzie says $200 oil is possible if the Strait stays closed. At $10 gas, you spend $10,000 a year on fuel. Your groceries double. Your electricity surges 30–50%. 10,000 trucking companies go under. Small businesses close by the tens of thousands. The suburbs stop functioning. And 40% of working Americans can no longer afford to drive to their jobs. A global risk firm just ranked the US the 3rd most likely country on Earth for civil unrest."
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