Wow! It has been a long time since I posted. I was waiting for my prediction to come true. Gas is now $4 per gallon but the economy is still improving. I guess I was wrong. People are still driving and buying gas. My ship is a hybrid so I get good mileage and the price does not bother me so much. I can’t imagine filling up those 30 Gallon SUV tanks every other day since the only get 10-15 MPG.
Why does no one question gas prices? 5 years ago we hit $4 per gallon but oil was $150 per barrel. Oil is only $100 per barrel now but gas is back up to $4. Could someone be gouging the consumers? Oh, that’s right, supply is down because coincidentally all of the refineries shut down for repairs at the same time. Of course we have reached peak oil so the supply will be going down from now on. Oops! Didn’t we reach peak oil in the 70′s, and again in the 90′s, and again in the late 2000′s? Wait! It must be the middle east tensions. Yeah, Yeah, that’s it. Except we don’t get much of our oil there. What could be setting the prices then? Let me know your theories!