Posted on November 15, 2012 by Alex Wilson
If there’s one thing that we can predict with certainty about fuel costs, it’s that they fluctuate a lot. That wasn’t always the case. The price of electricity, natural gas, propane, and heating oil were remarkably stable for decades — up until the 1970s.
Since then, prices of most fuels have gyrated wildly, driven by political unrest in some parts of the world, periods of greater or lower demand driven by periods of strong economic growth or contraction, resource limitations (real or perceived), and the situation in China and other parts of this increasingly connected world.