Pretty much. This is the pattern for the next several years until alternative fuel sources are price-competitive on a $/joule basis with gasoline without eating into the food supply. Just hope that policy makers don't keep trying to use textbook economics to fight the downturn.
Nat gas is roughly $1.30 a gallon if people did the conversion. The problem is fewer retail delivery sites. We are #1 in nat gas right now thanks to hor drilling in the past 5 years.
It will not matter that much because the entire govt and financial system now is totally corrupt and going broke.