Oil Watch

$58 a barrel. When will it end?

In my neck-of-the-woods, gas costs $2.40 a gallon. It costs $75 to fill up my KIA Sedona and Toyota Pickup (not mine, but it looks like mine). That’s SEVENTY-FIVE DOLLARS, and my drive into work is 50 miles round trip Monday through Friday.

Trying to feel better about it all, I found this little nugget:

In real terms, prices were still higher in the 1980s when they peaked at roughly $90 a barrel in today’s money for U.S. crude, according to calculations by the International Energy Agency, using the U.S. Consumer Price Index as an inflation adjuster.

It didn’t make me feel better.

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