Future of Fuel

The price of oil finally go down below $100/barrel, but projections are that by this summer we could see gasoline at near four dollars a gallon. Detroit has long had a love affair with large automobiles, but the future is small cars are we get used to prices over $5/gal for gas.

Already in England many are paying over one pound per litre of petrol this would be the equivalent of more than $8/gal for gas. The solution is electric cars. We already have cars like the Toyota Prius plug in hybrid and soon the Chevy Volt. I see many future fuels like biodiesel and ethanol helping bridge the transition to electric cars.