[Vision2020] The Price of Gas

[B.C. Strand]

Donovan Arnold wrote:

> Bill,
>
> Thanks for that information. Can you tell us what it was in comparison 
> to 1964? I believed their was a giant gas crunch back in 1970's no? I 
> do not remember that time very well. I think my biggest concern in 
> 1977 was when sesame street was on.
>
Donvan,

Using the CPIs, in 1964 energy costs were about 10% lower than YTD 2005. 
In the late 1970s, energy costs were 30-40% highed than present costs. 
As for the price of gas - that is a true crap shoot. We presently have 
high gas inventories for this time of year (indicating that gas might 
not go a lot higher). However, if demand spikes upward, the US 
refineries will not be able to match demand and prices will go through 
the roof. Anyone want to buy some gas futures?

Bill Strand



> I was told that gas was to go to $2.80 before it comes back down. In 
> San Francisco it is about $3.13 for gas. Amazingly high. I would be 
> taking the trolley.
>
> Take Care,
>
> Donovan J Arnold