I'm just gonna go ahead and say, good. Good good good good. You skittery shifty cock-eyed consumerists can pay all the money in the world for your go-juice, and I'm loving it because it will get me that much closer to electric cars. I'm not loving it for the prices, but I'll sacrifice to reach my ideals, the American people don't seem to be much into that these days.
Every few minutes my wife comes in and tells me the latest news about runs on the gas station, prices up to $5. The gas stations are raping you in the back seat of your own car and you're lining up waiting for your turn.
Let me explain is this way. If your car gets 40 miles per gallon (I'm being real generous here because likely 3% of you reading this have a car that can do that,) you are spending about 35 cents to travel four miles at yesterday's gas prices. An average electric car gets somewhere around 4 miles per kWh, which means for that same 4 miles, they're not paying 35 cents, but more like 9-11 cents in this area. That means if you travel 400 miles, you're paying $35 in a gas car, while you're only paying $10 in an electric car. It adds up perty quick. Just think, if your car gets 20 mpg, you're paying $70 for 400 miles, and you're paying 18 cents per mile.
Electricity prices aren't going to rocket up like gas prices every time someone gets scared of a storm or terrorism or whatever. I can't make gasoline in my backyard, but I can make electricity, in fact, there's a little solar panel charging a battery in the shop as we speak on this bright sunny day before the hurricane ever even hits. I'd also like to mention that we just had a hurricane LAST WEEK and nobody panicked then. Electricity prices are very stable compared to oil because there are many diverse sources of electricity. In fact, when all else fails, we have backup generators. If one plant goes down, you can divert power from another one, and you may only just barely have a blink in your power, or you may not notice at all. There are 66 nuclear power plants many with more than one reactor, nearly 500 coal plants, 2000 hydroelectric plants and tons of natural gas plants. Oil pretty much only comes from one place, and once it's gone, it's gone. And let me be the one to tell you, it's almost gone. Prices will go up. Prices WILL go up.
One good note on the hurricane, Texas is going to reap a boatload of wind energy from this storm.