[syriacus]

I really believe we're the frog sitting in the hot water while they slowly turn up the heat.

Tain't nuttin' compared to the increases 3 decades ago.

Click image to enlarge it

According to the chart, in current dollars, oil was under $5/barrel when I was a newlywed in 1971. By 1981, in current dollars, oil was more than $35 a barrel.

Imagine, a 7-fold increase in cost per barrel.

That's why Japanese cars did well. That's why home-insulation and wood-burning stoves sold like hotcakes.

[nopardons]

Yes, that is all true. Thank you for posting that.

[tertiary01]

But...since we will be lucky to have half the stations in business, and no independents like there was the last time in my area.....

I also remember then counting 16 oil barges parked out in SF Bay, most riding real low in the water, waiting for the prices to go up,up, up.