Actually almost $3.
One of my favorite quotes [and if he did not say it --- he should have] maybe a little off point but I don't get to use it very often:
When asked what he thought the stock market was going to do, J.P. Morgan replied "It will fluctuate."
So will the price of oil. Oil has had a real upward run of late. What it does this week ... this month ... or the month after that won't matter much in the long run. If we are at or very near the peak in oil production, the price will be much higher in the months and years ahead. If not, then party on.