Uh, will this be on the test?
But seriously...gas now approaching $4 again despite the deplorable economy. One shudders to think what the price would be with any economic growth to speak of.
I’m not rooting for $5 gas but it would demonstrate the absolute insanity and inaction of Obama’s Middle East policies. We have been waiting decades for some of these oil-rich strongmen to be deposed and their own people have done the job for us. Do we attempt to foster a new era of relations (at best) or install puppets (at worst)? No, we allow more bloodthirsty savages to institute mob rule under real theocracies, not the kind liberals claim exists in the US. In short, the demand figures mask an even longer-term problem in terms of geopolitics.
It’s not just gasoline. I just returned from the grocery store and it looks like almost everything has jumped by 5% to 10% in the last month or two. It is frightening to think what it will be by this time next year.