Last night driving home, the posted gas price for unleaded reg was $3.68 a gal. This is somewhere in the range of $1.40 a gal. higher than about 5 months ago, or 50%+ increase. America runs on gas. When it's cheap we go places and spend that money on other things-strengthening our economy. When it's high, we don't-sending retail,restaurants,tourism,etc. into the crapper. In my career I have lost a job because of climbing oil prices (1st oil shortage 1973) Our co. built roof top air conditioners for Winnebago, and when gas doubled no one was buying RVs! I remember gas rationing-10 gal. every other day, based on your license plate number(about 1978). Since then it has ebbed and flowed like the tide, always ending higher.
Throughout this trend we have talked about electric cars, smaller cars, alternative energy sources, mass transit improvements, etc. The second gas goes down, it's back to the SUVs, trucks, and vans(which represent more than half the vehicles produced by domestic car companies!).
We need a firm direction. We need to stabilize fuel pricing(higher or lower!) to avoid swings in major markets. The profits the oil companies are taking is obscene. Their lobby groups have no limits. If we ever get any oil from the Iraq fiasco, it will not be passed along to the American taxpayer/consumer. It will go to oil companies and or Iraq. I call Bullsh*t on the politicans, oil companies, and anyone else that isn't doing something about the disappearing middle class in America!