[blam]

"With the price of a barrel of oil hovering around $120..."

Oil was at $134.00 a barrel today.

You should have a plan designed to deal with these higher gasoline prices.

My plan is to just stay home...I'm retired. I'm presently using 1/2 gallon of gasoline daily(average).

[yldstrk]

Well folk the Saudis.

[Just another Joe]

You should have a plan designed to deal with these higher gasoline prices.

You are correct.
Gasoline prices are not going down anytime soon (read years).

I've already started by buying a motorcycle. I might fabricate a sidecar for it.

There are plenty of places I can walk to if need be. (grocery store, barbershop, motorcycle parts, etc)
I know how to can and store food for winter use.
One thing I'm still lacking is a wood stove or a fireplace for winter heating

[Paladin2]

"The only way to address high energy prices over the long term, the study's authors argued, is to curb U.S. demand growth"

Wrong.

We could curb other nations useage.

We could increase our own supply.

We could vote all of Congress out of office.

We could export Mexicans until Mexico supplies 3 bbl/illegal/day.

There's all sorts of things to do.

[Paladin2]

My plan is to increase the size of my tactical Diesel reserve.

[grey_whiskers]

It'd be interesting to plot the US *consumer* usage (gross and per capita) vs. inflation adjusted gasoline price over time.

IIRC US demand has fallen on the order of 1-2% over the past year.

This is driven by speculators.

No cheers, unfortunately.

[TigersEye]

No worries, mate. Congress just passed a bill yesterday saying it is OK to sue OPEC. Everything is going to be just fine.

[qinxuefei]

In fact, the supplied oil is more than demanded

[raisetheroof]

"but the United States consumes 33 percent of the world’s road transportation fuel and demand continues to grow."

According to this, U.S. demand for oil has been dropping.