The real risk to loss of accessible gasoline for most US drivers is production shut-in leading to physical shortages. Government will respond with rationing. This production shut-in is due to the fact that oil extraction costs worldwide are relentlessly increasing. This is because, as with all resources extracted from the earth's crust, humans will always take the easiest-to-get and highest quality resources first. It costs more today to produce oil than yesterday and will cost even more tomorrow. This trend is indisputable and has been going on since Spindletop peaked (and arguable all the way back to Titusville, PA). Our industrial civilization is is reaching the point now where oil consumers (businesses, individual car drivers, etc.) can't afford to pay the oil producing enterprises what they need to cover their costs to get finished petroleum products to market.
[QUOTE=xgen70;140987]Will you still drive over an hour to the beach if/when gas goes to 6 dollars, plus?[/QUOTE
Yeah, I would, while the money holds out...but I'm hoping others would not, so the lineups would be a little less packed.
And there's a good chance gas will go that high.
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