. . . Even without disasters and conflicts, expect gas prices to continue to steadily inch up. Any hiccups, could drive a big jump in prices.
. . .
Many of us have known the planet has reached peak oil. This pretty well forces the prices up due to short supply. What was curious, beyond understanding, was the rise in fuel prices a year ago:
We were conditioned to seeing a March price rise but in 2008, prices had not really fallen off from the 2007 March price increase. An interesting set price steps that are entirely consistent with peak oil, price instability.
Bob Wilson