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This isnt a supply and demand issue, supply and demand have been relatively stable for the past 5 years. Whats changed in the past 5 years is the value of the US dollar.. It has dropped like a rock. In the next few years the USD should come back and per barrel of oil should decrease.
Gas is what $3.50 a gallon, but our dollar is worth half of what it used to be.. So if you bring our USD back to normal rates gas should be $1.75.
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