Today in Energy: How Long Will the Era of $5.00 Gasoline Last?

A radio host asked me this week how long I thought the era of $5.00 gas at the pump would last. I replied that it would likely last as long as it takes for the price to rise to $6.00 per gallon. It was not a facetious answer.

AAA reported Thursday morning that the average national U.S. price per gallon of regular gasoline had reached a new record high of…