> Adjusted for inflation, gasoline is as cheap as ever.

There's the rub. Perhaps our rampant inflation is essentially the result of "real" peak oil, except instead of gas prices steadily increasing, the US economy is taking excessive actions to keep our petrodollar supreme and causing massive inflation.

Especially as challengers to petroleum economy arise: Solar/Battery/Wind/EVs - it's possible the only way to stay solvent is to massively devalue $$.