If you had to guess, how long do you think we'll have gas hikes, inflation, possible recession and other economic issues?

Forever. It can get worse.

Just answering for the US.

I think it’s very likely the gas prices come down significantly after Labor Day. At least a dollar from whatever the high will be.

I think there might be a small dip in prices in late April and May and then go back up in the summer at least a little.

This is assuming nothing completely horrible happens like an attack on US soil by Russia.

Recession, 7–8 dollar gas, inflation— there will always be something clouding the outlook.

For at least 3 more years or so.

The way things are going is leading the way for Electric cars as gas prices climb..they will lose in the end while electric car maunfactures ampt up the production.

Note the cost ot purchanse cars have been made easier to purchase lately…thats because these manufactueres already see the writing on the wall..they are doomed to fail.

Gas will be redundant as electric becomes the norm.

By increasing gas prices, they in effect shot themselves in the foot.

^^How is car buying easier now? Car prices have been going up and up for two years.

@JLeslie
Targeting younger clients by offerring low bi monthly payments, obtaining credit card debt easier and paying longer terms thereby increasing interest debt.
By the time the car is paid of in full it will breaks down.
Its kind of risky purchasing a car now knowing that in a few years the car will have to be replaced with Electric.
I do not know if you have seen car ads lately as I have seen.
Targets youth, always showing younger groups in fancy cars.

@Inspired_2write: Here in the US, cars are currently selling at more than the MSRP (Manufacturer’s Suggested Retail Price), so there are no good deals now and unless someone is desperate, they will be better off waiting a year or two.

I’m guessing that around August or maybe September the gas prices will miraculously go down. There is an election coming, after all.

Gas prices are coming down a little where I live. Last night $4.06 where I live. Let’s see how long it lasts. Hoping it’s even lower today, maybe I will fill up. I’m just below a half a tank, so I could wait. Today is Thursday, March 17.

Well, I mean, this is 2 months later and they are still high.

I think inflation is the new normal. The current Fed doesn’t have the appetite to really reign inflation back, and neither does the Biden administration. And not because they’re Democrats, I doubt any recent vintage Republican would have accepted the hard line on inflation that Reagan/Volker took in the early 80s.

I don’t think we’re in as precarious an economic situation as some people thing though, vis a vis a BIG recession. I could see us having a small ‘corrective’ recession, but it will be short and mild. The danger is we might see multiple small recessions in a tight window. But when the economy really busts hard, it’s usually because both the financial sector is overleveraged, but ALSO the real ‘main street’ part of the economy is running hot. And right now, it REALLY isn’t. So the stocks may have bubbles (I think they do), and inflation is an ongoing force that will keep pushing us towards recession…but without main street, I’m not convinced it will be that bad.