Gas prices are starting to go through the roof, will this make people go into panic buying mode and buy other supplies - especially food?
A lot of people are going to be cutting out the extra stuff - no more going out to eat, cut back on going to the movies, and buying cheaper food products.No, I think it will have the opposite effect. I think many will cut down on some of their purchases and stick with the basics.
Very good point, thank you.With so many people living paycheck to paycheck I don't think they can afford to panic buy.
As much as I do not want to, I have this urge to go to the local grocery store and fill a buggy with canned goods and dried foods.Sounds Like Obongo the Kenyans Economy is gonna go South real Soon !!!
i remember it being 3.50 or so and there was still fresh milk and bread.Last time near $5 per/gallon - I do believe that was right before the 2008 "collapse" that started this rapid-decline s-storm.
I feel the same way. I'm going to a huge local farmer's market tomorrow and I have a feeling that I will come back with more food than I originally planned to buy. They have food from all over the world and a lot of it is in bulk and is great for storage. Even if there aren't a lot of people panic buying, this could still potentially save my family and me some money when/if food and gas prices begin to soar.As much as I do not want to, I have this urge to go to the local grocery store and fill a buggy with canned goods and dried foods.
The next few days will tell the tale whether these gas prices will stay up or not.