What Happens When Gas Reaches 7 Dollars A Gallon?

Allen L Roland: When gas reaches 7 dollars a gallon — those making less than 25 thousand a year will be spending 20% of their income on gasoline. Hoarding will turn a deep recession into a deeper depression and it’s rapidly becoming a reality. A reality the Bush administration refuses to acknowledge and still covers up.

Gasoline prices are over $4.50 a gallon in California . A few months ago, it used to cost me less than $25.00 to fill up my 2006 Honda Civic tank — now it costs me over $50.00. I’m already limiting my driving and I get over 35 miles a gallon.