High Oil, High Gas · Tue Apr 22, 08:15 PM
Today I saw a barrel of crude oil closed at $119.48 while the local price per gallon was $3.599. I also saw the prediction a barrel will go for $200 by years end… now if you have a 1:1 relationship between curde oil and gas we should see gas prices somewhere around $6… which of course isn’t going to happen… well not this year… which leads me to this question. At what price point is it economically viable to pursue massive mass transit programs?
— riscky
