Tag Archives: oil prices

Most of us, me included, figure what goes up must come down, and the prices of oil and gasoline have to get back to normal sometime. Hopefully sooner rather than later. But what if they don’t? What if gas goes to seven bucks a gallon, and the price of everything else runs up (diesel is already almost five dollars a gallon and almost all of our goods are shipped by truck), like it did in the oil pinch of the mid-1970s? The price of cars, alone, tripled. The Oil Drum, which is not exactly a fun read, considering its affirmative take on the "peak oil" argument, is nevertheless a timely and interesting one. And none moreso than this post on Hawaii’s plight with rising oil and gas prices. Their tourism industry seems to be cratering, as a result, and they don’t have a whole lot else to sustain them. Hope they figure it out.