Gasoline Prices, Used Cars, the Economy, and What It Means for You

GetUsedParts.com — Wed, 24 Jun 2009 23:46:02 GMT

In an article today published by a top Energy Strategist, Elliott H. Gue discusses current economic conditions, economic projections, and the gasoline and oil issues we face as consumers in today's market.

Gue says "US will see economic growth by the end of the third quarter or early in the fourth quarter of this year," but he stresses that this will be a SLOW process.

As we know, the market is tricky and emotional. As it stands the demand for oil and gasoline is tremendously low. Yet supplies are bursting at the seams. OPEC has cut production numerous times and rigs have stopped drilling because of oversupply. Supplies are sitting in storage, waiting.

Gue accounts for the huge price drop in crude oil because of "US and global economic conditions." We can't rule out the sharp decline in price of both gasoline and oil due to the decrease in demand. We're in a difficult economic situation, people are driving less, money is tight, and using less gas.

For investors in oil and gas, history has shown time and time again that regardless of the situation, demand increases over time according to Gue. Gue sees oil to "top $80 a barrel by the year's end."

...but what about gasoline?? Gue states natural "gas prices (will be) over $6 by year-end."

Gue isn't the only analyst or economist predicting heating gas prices in the range of $6 by year-end. The average projected price of heating gas for 2010 is between $5 - $7.

We are now approaching the third quarter and the economy is picking up, SLOWLY. The average American will be adjusting to this "new" economy and no longer be able to spend in the ways he/she used to.

Average Americans will no longer be able to buy new cars and it is in their best interests to hold onto older cars longer. They will be fixing their cars with used car parts and no longer going to dealerships for overpriced parts. This is why our service has become a benefit to the average consumer, especially during today's market. If you need to locate a used auto or truck part, simply click the "Find A Part" tab at the top of the page to begin your request. Used Parts Vendors will contact you with pricing information for the parts you are looking for.

If you are interested in reading Gue's informative article entitled [b]Buying Opportunity[/b], visit [url]http://kci-com.com[/url] for more information.

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Gasoline Prices, Used Cars, the Economy, and What It Means for You