I think gas prices are reasonable. I don’t buy into “Peak Oil.” I trust the market (but not OPEC). I would like to see us move away from oil as much as possible, but I realize that’s more idealism than pragmatism. I think people will always complain about the price of gas as long as it’s more than it was “in the good old days,” whatever that means.
That being said, this article, and articles like it, bother me. You may have even seen something like this pinned up at your local gas station. It’s a comparison of the price of gasoline by the gallon as compared to “other liquids.”
Gasoline is the cheapest liquid in existence, except for water! Soy sauce is $15.33 a gallon! Is it? How many gallons of soy sauce do I buy a week? How many gallons of soy sauce do I need to get to work or drive to the ball game? This is the worst kind of apples-and-oranges comparison. At best, it’s humorous, but irrelevant. Gasoline is the only liquid bought in large quantities by just about everyone. Sure my printer ink is $2700 a gallon, but I don’t even use a gallon of ink in a year.
It’s much more useful to compare the inflation adjusted cost of gasoline. Gas was around $3.25/gallon in 1918. The last time I filled up, it was $2.86.