In May 2008, Goldman Sachs analyst Arjun Murti projected that oil would climb from its then record cost of $129.60/barrel to $200/barrel. The New York Times had Murti predicting that American drivers would soon be facing $6 per gallon gasoline.
Low Gas Prices
For those Americans who are still employed and have to drive to work every day, the continuing low pump prices for gasoline have been a boon. The current national average of $2.68 a gallon for regular is equivalent to an inflation-adjusted $1.01 per gallon in 1980. While that's certainly good for household budgets in a struggling economy, it doesn't provide much incentive to buy fuel efficient vehicles at a price premium. With the new Chevrolet Cruze starting at over $16,000 and the soon-to-laun