I still strongly feel that we will see prices moderate, but the problem we face is our short term vs long term memories. There is a gas station on my way to the school I teach at that closed 2 years ago this month. The price signs are still there and they read $1.459 for regular unleaded. I cannot remember the price a year ago, but I am thinking it was under $2 a gal. or around $1.799. Boy, what I would give for $1.799 but I think those days are done. What will change oil prices and force them down is the slowing of the US economy. When we as Americans can no longer afford to driver except to the needed locations of work, grocery shopping, kids sports games, school, etc., and the middle to upper middle class restricts their spending, then energy prices will have to moderate and go down. Not to be doom and gloom, but it is about time for a mild recession to moderate both the slight inflation we have had, and the soaring prices of living expenses. Hopefully I am wrong.