Yesterday, gasoline prices at the corner station were $2.90, $3.00 & $3.10. Today, prices took a massive jump (over 6%) to $3.10, $3.20 & $3.30. Prices at the same station 3 months ago were $2.25, $2.35 & $2.45. Prices are up 35% since the beginning of June, and yet I still have friends who believe Peak Oil is a hoax, or an exaggeration, or simply foolish talk.
Yes, I'm aware that Hurricane Katrina is being blamed for the most recent spike, and I'm sure some of it is, but I doubt we'll see gas at June's prices ever again. Next year we'll be paying around $5/gallon.
Tagged with blog, peak oil