The $54 refill


  The $54 refill 
  Originally uploaded by fredwilson.

I just spent $54.25 to fill our Honda Minivan with 17.9 gallons of gas.

I walk to and from work and take the subway almost everywhere else I go in NYC, so I am probably more immune to the price of gas than anyone I know.

But I realize that this spike in oil prices is giving the average family fits.

Longterm, however, I believe this is the best thing that could happen. We need to reduce our reliance on foriegn oil and the mess in the mideast shows exactly why.

Maybe now we’ll be able to generate a return on investment on alternate energy businesses.

This post from Freakonomics blog (via Jarvis) explains why the mainstream media’s fearmongering over the rise in oil prices is missing the big point.