I guess there was a bit of sarcasm lost in my message.
Normal, well there is no normal for gas, but all real production, supply and economic factors should keep us at a $35 to $40 per barrell. The $70 barrels we saw were a result of lax and non-existent regulation.
Steve Forbes, a man who understands large business and the global economy a whole lot better than I do made a prediction based on economic factors and a thorough understanding of the oil industry that we should see oil normalize at $35 to $40 per barrel. At that rate we'd be well back in the $1.50 or so range for gasoline.
Are we running out of oil? I'm not sure, I hope we have plenty left. Have we hit "peak oil" as some senationalists preach? Again, I'm not an expert I don't know.
We all are aware that the world economy is dependent upon oil for normal life. It is our cheapest and easiest source of fuel to obtain.
I'm not happy paying $2.72 for a gallon of gasoline. I 'm not happy paying $2.00 for a gallon of gasoline. There is no price at all I'd be happy paying, but I can understand paying $1.50 for a gallon of fuel.
I hope that the pricing gets better for others too. Holland and most of Europe gets raped at the gas pump.
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