The U.S. will soon catch up to the U.K. in the price of petrol. As a matter of fact, we will likely surpass England, as the English pound and Euro are stronger currencies than the dollar. Gasoline is still amazingly cheap. We pay more for gallon of pepsi or gal. bottled drinking water than we do for a gallon of gas. On an equal voluum basis, we spend more for tea, coffee, beer, shampo, etc. Considering the potential of oil to produce the needed energy for important work, we treat it like it a cheap waste product. When it goes to $10 a gallon, it may finally get the respect it deserves.