[341] Of more on A² and gas prices

The gas prices in Ann Arbor seem to have taken a rest today but yesterday, on average it went higher by a few cents when compared to the day before. On that day, Shell and BP probably had the highest price. I got picture of it for you!

Can’t wait to see the day when the average gas price hits $3.00 per gallon. Why am I excited? So that I could see more of this:

And yeah:

So what should we be doing? Here’s a hint: We can neither drill nor conquer our way out of the problem. Whatever we do, oil prices are going up. What we have to do is adapt.

It’s Krugman on gas prices. To my understanding, the crux is, the demand curve is shifting up and the supply curve is going down.

Alternative energy now!