Oil prices have been dropping. In my state, prices have not come down due to a supply problem. But that is not the point of this thread.
What price are you comfortable paying for regular unleaded gasoline? Keep in mind, the price affects future drilling and choices of other energy sources. In particular I'm thinking of coal gasification and oil shale development.
I think somewhere in the $3.00/gallon area is about right based on my own sense of right and wrong. I can live with $3.50/gallon; $4.00 is too much. Not sure what that translates out to in a price per barrel of crude.
Three years ago we would have screamed bloody murder about $3 gas, now we're happy to pay it............
Probably was the plan along?.........
Casey
