Wednesday, May 11, 2011

Not much has changed

The death of the master terrorist marks an important achievement; as a country we've meted out a measure of justice. And while the administration basks in the glow of this genuine achievement, the rest of us return to daily life, and the realities of gas prices, inflation, persistent un- and under-employment, and a staggering national debt.

Gas prices seemed to have plateaued at around $4.00 per gallon (regular). At least, in my little part of the world, prices haven't changed much in the past 10 days or so. But I believe this is short-lived. The current price of a barrel of oil dropped to below $100 last week, but it's on its way back up:

Surely these prices reflect the news coming from the Trans Alaska Pipeline (link requires subscription) that tells of production issues on the a significant source of our nation's power supply. While all of this goes on, there seems to be no appetite for expanding the supply of oil.

So get ready for even higher gas prices in the coming months.

Source for the oil price graph:
Crude Oil Price By OIL-PRICE.NET

No comments:

Post a Comment