When I was in school, one of my engineering professors said that the supply, or total amount of oil can be represented by the area under a bell curve. Today he said, we are past the halfway point of the bell curve, meaning that we have used more than 50% of the worlds known oil resources. It is simple supply and demand, once the supply is completely diminished, the demand and price will skyrocket. This of course will not happen for several decades, but the fact remains that there is only a set amount of oil on Earth, and it is being used up quickly. I am sure in the future that gas prices will continue to fluctuate, but the days of 90 cents a gallon (when I was in high school) are long gone.
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