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I started to drive in the 70's gas was $0.57 diesel was $0.42 a gal.
Only in the big cities and on the west coast were they lining up for gas. In the upper Midwest on an occasion you would see a station with a out of gas sign in the window.
but, the price of fuel didn't seam to jump up and down like it does now.
This is a nice chart showing historical gas prices in inflation adjusted dollars.
One thing Obama is very particular about is his green revolution.
Oil will tumble once big G is bribed and Libya calms down a bit.
Glad you think oil will tumble. When has it done so in the past?
With election year coming up, we will probably see gas/oil prices flatten out a while like they did in the last election year. Then they once again start to go up.
Our government has assured $5.00/gal gas... The currancy has been devalued, oil production curtailed, and fuel regulations increased. Five bucks is actually a good deal in this environment and eight is in sight.
Eight dollars a gallon won't happen in this country, Americans will riot long before then.
The only thing that is going to curtail this sudden oil price spike is Muammar Gaddafi's head on a silver platter and subsequent peace in Libya.
Eight dollars a gallon won't happen in this country, Americans will riot long before then.
The only thing that is going to curtail this sudden oil price spike is Muammar Gaddafi's head on a silver platter and subsequent peace in Libya.
American can riot or do whatever the hell else they want to do to "act out"--like spoiled brat children--but it doesn't change the fact that "Peak Oil" is here and we are going to be savagely competing for diminishing reserves for that commodity from now on. In that environment, $8/gal. both possible and pretty likely sooner or later--very possibly sooner than we think.
As for the other inane comment about Gaddafi, if anyone thinks the deposing him or anybody else in the Middle East is going to lead to peace in that region, well, it won't. The history of the Middle East is one of 3,000 years of factions fighting one another and among themselves. Just because we wish for peace so the oil will keep flowing doesn't mean that it will ever happen. I consider the relative "peace" in that region in the last 10-20 years a fluke that is neither likely to last or to repeat. So, as the saying goes, we Americans had better start making some "alternative plans" when it comes to our lifestyle, 'cause big change is coming, whether we like it or not.
Glad you think oil will tumble. When has it done so in the past?
Are you serious?
1986-8, mid 1990s, 2002, 2008?
But the thing to note is the oscillations get higher and closer -- overall this is looking like an undamped system, if you follow what that means -- usually those fly-apart.
Heck of a ride ahead -- unless we choose to go off Oil, first.
This is a nice chart showing historical gas prices in inflation adjusted dollars.
The chart is really good. Interesting that what we thought was "Crisis" level price jumps in the 1970s seem tame compared to the steady upward trend in the 2000s. The drop in 2008...probably due to the 'Great Recession'....seems like an anomaly compared to the trend for the past decade.
But the thing to note is the oscillations get higher and closer -- overall this is looking like an undamped system, if you follow what that means -- usually those fly-apart.
Heck of a ride ahead -- unless we choose to go off Oil, first.
Oh sure, we get the brief tumbles, usually around election time. It always shoots up around Memorial Day just in time for vacations. Longer flat rates, not sure what that has to do with but probably political manipulation. Overall it's up up up. Not only is the price of gas and oil not sustainable to (most) consumers, the resource is not sustainable without violent resource wars.
There is no way we are going off oil anytime soon. Altenative will be much higher which is why the world chases oil.
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I started to drive in the 70's gas was $0.57 diesel was $0.42 a gal.
