In his recent post titled “ALL HAIL GASTRADOMOUS” Tom Kloza over at Speaking of Oil says you probably won’t pay $5 for a gallon of gas this year unless you live on Martha’s Vineyard. I sure hope he’s right.
I just performed a google news search on “$5 gas” and came up with 106-million results within 0.18 seconds. Many of the stories quote “experts” who give the skinny or the scoop on why this will be the year that Americans need Lincoln’s picture on the legal tender necessary to purchase a gallon of unleaded fuel.
Let me make myself perfectly clear. This is nonsense. You may indeed have to pay $5 gal if you buy your summer gasoline on a tropical island, Martha’s Vineyard, or one of the tonier suburbs of New York, San Francisco, or Los Angeles. But the chances of nationwide gasoline averages approaching $5 gal are about as good as having the Spice Girls perform a tribute to Demi Moore at the Oscars.