Tuesday, November 20, 2007

You're kidding! Oil rose again!!??

Oil hit a new high on Tuesday -- closing at more than 98 bucks a barrel. Let's close our eyes really, really tight and wish upon a star really, really hard that nothing will change and there will never be an end to the oil or money and WisDOT can continue to pay off road builders for their enormous political contributions.

Gas prices were discussed at yesterday's Southeastern Wisconsin Regional Transit Authority meeting. Somebody mentioned that gas was 80 cents a gallon more than a year ago, and the consensus was that the price isn't coming down.

Notably silent were the folks from the Southeastern Wisconsin Regional Planning Commission, which infamously famously predicted a year or so ago that gas prices would remain at the2005 equivaent of $2.30 a gallon to the year 2035.

If that were the case, the average cost of a gallon of gasoline today would be $2.46, according to the US Bureau of Labor Statistics' inflation calculator. If you are aware of somewhere in Milwaukee where gas is being sold at that price, please let us know.

And, in case you were wondering, WisDOT is indeed basing its proposal to expand North-South I-94 partly on that SEWRPC study, as well as the SEWRPC freeway study that included a road builder lobbyist on its oversight committee.

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