You have to identify who the originator of this quote was:

"Who are you who are so wise in the ways of science?"

You get one rep point if you get it right. Hint: It's from a movie

 

No, Bedemir asked that question of Arthur, King of the Britons. In Monty Python and the Holy Grail. During a witch burning.

However, I am not King of the Britons. In fact, I thought the Britons were an autonomous collective.

 

That is correct! Of course!

 

In 2012 dollars it the price per gallon of gas will start at about $1.50 at the beginning of 2012. By the middle of 2012 it will have dropped to $1.00 and by the end of 2012 it will be about $0.00 (that's right, a gallon gas will be free by the end of 2012, the end of Obama's first term), at least that's what the fit says.

There are a few ways to interpret this. One is that extrapolation beyond a year or two isn't reliable. Another is that market forces (the drivers in the driven harmonic oscillator) conspire to make alternatives to gasoline so attractive and viable that the price of gasoline drops to zero. I'd bet on the former, but I'd like it to be the latter.

I'll try to put up the plot this evening.

 

A rep point!

 

I'd rather have a pair of coconut halves or an African swallow.

 

African or European?

 

I own a Service Station here in NJ and I just paid 1.58.9 delivered to me. Im selling it for 1.67.9.....Its gonna go WAY lower then they will cut production and it will go up again.

 

I just filled up so I would not have to worry about it over the holiday and it was $1.81 Yeah!

Cat :x

 

She's a WITCH!

http://www.youtube.com/watch?v=zrzMhU_4m-g

 

The other day I heard Opec is determined to get the price of oil back up to $75 a barrel. The Saudis will cut production to get that but Iran and venezuela really cant because their economies were in trouble last year when things are good. Who knows.

I'd kill about right now to get a rep point, I'm not kidding LOL

 

I was beginning to doubt that it was going much below $1.50, but it is sliding down again.

 

Here's the plot of the price of gas in dollars per gallon form 1979 to date:


Sorry about the size of the plot.

I got the older data from a web site (something like uselessinfo.com or the like, the site also had some of the CPI analysis which I followed) and the data from about 2001 on is what I've recorded.


As I mentioned above, the fit doesn't do the recent fluctuations too well, but the general trends are well represented. If one were paranoid or a conspiracy theorist, one might look at the increase in price coinciding with the beginning of the Bush Administration and suspect some market manipulation. Or not.

Illogically extrapolating to 2012 shows us that gas will be free by then. Most probably because everyone will be driving electric cars or using the transporters that are developed resulting from the Obama Administration's energy independence programs. Or not.