UPDATE ~ 1.26.2009: a 6 years gas pricing chart graphic added below. I predicted the upsurge of gas prices before March of 2005 and it would continue until its decline before the end of 2008. Toward the fall of 2009, gas price would rise toward $2.50 at the national average but it could subject to change in any fashion. We’ll see.
It’s been almost two years since Goldman Sachs foresaw that the price of oil per barrel would goes to $100 mark in a super-spike drive. This article, dated April 1st, 2005 (not an April Fool’s Day joke since it was following the original report the day before) pointed out the discrete forecasting. At the time, the price of oil per barrel was $56, up from $41 a year before. Oh, those were the days.
However, the $100.05 mark for oil price today would still not match or break the oil price mark in 1980, then set at $38 per barrel but adjusted for inflation in today’s dollars. I’m stumped at math but use the inflation calculator to piddle around the numbers if you desire. 
Look at the Inflation Data Chart on oil pricing from 1946 to Jan. 2007 (only latest chart so far). Back in 1980, people must have tear out their hairs or cuss out at the gas station attendants while waiting in the line for gas. Oh, yes, those were the days!
Recently, on one of those lame-streamed media networks, some “bright” talking head is saying the $100 mark (and the current gas prices at the gas stations) would be the new norm for 2008. Yeah, get ready to tear out your hairs and cuss out at the gas stations while filling up your gas-guzzling SUVs. 
Twenty years later, you are going to look back and say, “Oh, those were the days.”
