I Remember Gas When It Was Only $4 A Gallon

If current situations continue to play out in the Middle East, $4 gas will seem cheap in a few short months...


"On the assumption that prices will move up by the same amount, we could see US$220/per barrel should both Libya and Algeria halt their oil production. We could be underestimating this as speculative activities were largely not present in 1990-91."(Zero Hedge)


Let's see, oil is at half that price today, so we could see $6 per gallon gasoline by the end of the summer--if Saudi Arabia remains intact. What do you think the ski slopes at Winter Park will look like this Christmas with $6 gas? Me too...