Summary Expect higher gasoline and oil prices in 200 days. US Peak Oil from Fracking was in July 2015. US Oil Production down 474,000 barrels per day since July 2015. Watch EIA TWIP Report to understand oil inventories. “Glut” of oil to deplete in 200 days. Two forces, acting in opposite directions, will soon align to cause gasoline and oil prices to ratchet much higher. Those two forces can be easily tracked by watching EIA’s “ This Week in Petroleum ” or TWIP. The two forces are: US crude oil domestic production. US crude oil stocks The current TWIP reports a 474,000 barrel per day decrease in US oil production since July 2015. (click to enlarge) seeking alpha 2 Comments on "$4 Gasoline By May 2016" makati1 on Wed, 30th Sep 2015 10:31 pm “Two forces, acting in opposite directions, will soon align to cause gasoline and oil prices […]