Price of gas

Three years ago when I arrived in Atlanta, the price of a gallon of gas was below $1. Nice. Since then it has continued to grow more expensive, not long ago hitting $2, and now $2.5. This site shows a pretty graph, along with the locations of the cheapest gas around:

Currently people are betting on it hitting $3 by the end of the year, which sounds and feels painful, but I have a feeling is only the start. As a commodity item, demand is growing quickly in countries like China and India, and this impacts the rest of the world in a big way, as supply is not growing at the same pace. Given that supply is ultimately limited, things will only get worse too.

Now is the time for countries to invest in alternative power sources – primarily Nuclear, with supporting Solar/Wind/Wave. If we wait, we will have some painful years ahead.

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