IS $75 Dollar Affordable??

[Captain1]

@EcoShan

^^1) budy first of all m not saying $75/ barrel is justified or no, infact m asking.
2) talking about inflation and cost factors, do u really think that since Iraq war (2003) inflation and costs have gone up almost 30%???
3) $75-80 is not $2/ gallon, its should be more than 3 cuz right now at many gas stations in manhattan its $2.99/ gallon and crude closed at almost $55/ barrel on friday.
4) there is only thing that can creat a spike on crude’s chart and thats speculation.
5) Are u really sure that $80/ barrel is the landed cost of crude for US???

Manhattan is a bad example, “national average retail price” is below $2. In Texas we are paying $1.66 per gallon BTW I am talking about grade 89 gas.