I Was Wrong

September 01, 2006 09:54
Tagged with peak oil
Last year, I wrote that we'd be paying around $5/gallon by now. Obviously I was wrong. In fact, gas is at $2.85/gal, about 25 cents a gallon less today than it was a year ago. That is a good sign for the economy. Oil is just about exactly where it was a year ago. I guess oil production didn't peak last year after all.