GAS PRICES - Get Over It - Check These Stats

The average cost of a barrel of oil over the past 50 years hasn't changed much in inflation adjusted cost:

______REAL__Inflation adjusted
1946.....$1.63.....$16.18
1947.....$2.16.....$19.01
1948.....$2.77.....$22.68
1949.....$2.77.....$22.90
1950.....$2.77.....$22.66
1951.....$2.77.....$21.00
1952.....$2.77.....$20.53
1953.....$2.92.....$21.43
1954.....$2.99.....$21.91
1955.....$2.93.....$21.50
1956.....$2.94.....$21.30
1957.....$3.14.....$21.98
1958.....$3.00.....$20.46
1959.....$3.00.....$20.25
1960.....$2.91.....$19.38
1961.....$2.85.....$18.76
1962.....$2.85.....$18.54
1963.....$2.91.....$18.71
1964.....$3.00.....$19.04
1965.....$3.01.....$18.79
1966.....$3.10.....$18.80
1967.....$3.12.....$18.41
1968.....$3.18.....$17.97
1969.....$3.32.....$17.82
1970.....$3.39.....$17.19
1971.....$3.60.....$17.50
1972.....$2.85.....$18.76
1973.....$4.75.....$20.88
1974.....$9.35.....$37.26
1975.....$12.21....$44.63
1976.....$13.10....$45.31
1977.....$14.40....$46.74
1978.....$14.95....$45.13
1979.....$25.10....$67.42
1980.....$37.42....$89.48
1981.....$35.75....$77.49
1982.....$31.83....$64.96
1983.....$29.08....$57.48
1984.....$28.75....$54.48
1985.....$26.92....$49.25
1986.....$14.44....$25.92
1987.....$17.75....$30.74
1988.....$14.87....$24.78
1989.....$18.33....$29.09
1990.....$23.19....$34.83
1991.....$20.20....$29.19
1992.....$19.25....$27.00
1993.....$16.75....$22.83
1994.....$15.66....$20.79
1995.....$16.75....$21.64
1996.....$20.46....$25.66
1997.....$18.64....$22.86
1998.....$11.91....$14.38
1999.....$16.56....$19.52
2000.....$27.39....$31.29
2001.....$23.00....$25.57
2002.....$22.81....$24.94
2003.....$27.69....$29.63
2004.....$37.66....$39.21
2005.....$50.04....$50.38

Note in 1998, the real cost of a barrel was only $12. Note in 1981, the inflation adjusted price was higher than now. We will see $25 a barrel again. The market will fix things. Not congress. Not the President. Not the cartel. The market!

When the market makes the correction, many producers of alternative sources of energy will be put out of business. Not because the oil companies did it to them. Because that's how markets work.