Rising cost of gas

Considering that I expect to read my blog years from now as a means of textual time travel, it seems appropriate to post articles such as this one from San Jose Mercury News, which seeks to explain the contemporary price of gas. The upshot is not too surprising. Ricing gas prices are due to increased demand by emerging economies, along with our nation's insatiable appetite for oil. Here's a snip:

Less than 10 years ago [1998], gas was 99 cents a gallon. But since May 2004, when the U.S. average first topped $2, the upward movement has been fairly steady. The $3 plateau was topped in September 2005, and the U.S. average could rise above $4 this week - even as it moved closer to $5 in the Bay Area.

Oh yes, you can believe that we California drivers are feeling the pinch. Prices in Scotts Valley are slightly above $4.50 now.

Folks who study this stuff (and are quoted by mainstream media) believe that price volatility cannot hide an unmistakable reality: "This much is certain: Gas will never be cheap again."

Read Matt Nauman's entire article, Why gas costs more, more, more