There is no point to consider the price of gasoline based on the price years ago.
First, let us remember that the price of crude oil is being set by a cartel (OPEC), one that our government has been supporting in the belief that we are buying friends. A foolish task since our supposed friends has turned out to be (Al Kida from
Saudi Arabia,
Iraq,
Venezuela, Russia etc).
We collectively have helped support the high price of oil by refusing to conserve gasoline, buying gas guzzlers, not using public transportation.
Now we are pursuing ethanol as a cure all. Unfortunately the government has decided to pursue using corn as a feed stock (possibly as a bid to get votes from the farm states), instead of buying ethanol from Brazil at a more completive price. As a byproduct of using corn, we are raising the price of food to unprecedented levels. Since so much of our food supply is based on corn. Think of beef, chicken, carbonated drinks, cereal. Food crops have been displaced by farmers growing corn instead of other crops. Now we have not only the high price of gas but also a big increase in the price of food.
I think we must take the lead and pressure the government to allow ethanol from Brazil without the high import duty. We should also buy cars based on their gas mileage instead of the number and size of cup holders. Truck traffic should be allowed on the road during slow periods and truck only lanes should be provided to allow port traffic to keep out of the way of commuter traffic. Train traffic should be better coordinated to minimize congestion and overpasses should be built to separate car and train traffic.
We need to act now, before we destroy our economy and enter a recession.
