WHITHER OIL? If you’re driving one of this big, gas-guzzling American cars, these days you probably cringe every time you pull up at the gas station. Will price relief ever come?
Probably not soon. OPEC, scarred by the memory of $10 a barrel oil, is not bringing new capacity online as fast as it could, and consumers seem strangely reluctant to let higher gas prices affect their behavior (perhaps they too are under the spell of the halcyon days when gas was practically free and Saudi princes lined up at the gas station to beg you to accept a free toaster with your purchase of 1 gallon of regular unleaded). But eventually things will even out, and probably go the other way–the current shortage will eventually produce a glut.
Alas, probably not soon enough to ease your pain as you steer the family SUV onto the road for the annual trek to Yellowstone. This might be the year to think about renting a Mini.