With most of the news about consumer-level gas prices sounding like a 1970s disaster movie — and per-barrel prices solidly in the $60 range — industry optimists are hard to come by. Because we're somewhat perversely drawn to the counterintuitive, countercultural argument, we point out a column in The Truth About Cars. In it, writer William Sargant makes a case for a return of retail gas prices of $1.00 to $1.50 per gallon (yes, that decimal point is in the right place). The price at the pump, he writes, has less to do with the price of barreled crude than with the price of political will. What's this guy smoking, you ask? Sub-economies, that's what.
The Truth About Gas [The Truth About Cars]
Mis-Priced Gas Sends Customers Back to the Glory Days [internal]