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We're all fixated on price, because that's here and now, but the real concern is supply. This time last year, in the wake of hurricane Katrina, half (if not more) of the stations from here to 30 miles south of Atlanta were out of at least one grade. And there were lines from the pumps into the streets here on the evening of 9/11/01. Something especially vile and sticky hits the fan, people rush the pumps, and parts of the U.S. could go days or weeks with precious little juice.
When it again becomes available, we'll be happy to have it at any price. And the oil companies know this.
dcb
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