How much oil is demanded in US per day?

That number lies between 19 and 20 million barrels. Many analysts also say that in order for prices to decline, are a sharp downturn in "global oil demand" or some other sudden flight from commodities among investors. While most signs point toward further increases of oil prices, The Wall Street Journal reports that if oil does head north near $150/barrel, that could mean $4.50 per gallon of gasoline.

While many can worry about the trembling affect of high oil prices, I am glad that my Money has been following smart money into Apple Inc. (AAPL) since $120 per share. News today, Apple is now adopting a more open strategy for selling it's IPhone, by allowing two carriers to offer the device in Italy. This may boost profits, while at the same time, the price of the IPhone could very well be coming down in the near future. (As the investor as I am, when the market tumbles, it tends to bring down some very good stocks with it, when this happens, at times, I see them on sale, and as an even better buy. As long as I know the business they are apart of and truly believe that they are worth what I am willing to pay for, this being said, if Apple Inc's stocks retraces back some, I will recognize this as a buying opportunity because of this companies underlying fundamentals and great news to follow). This leads me to the question, which is going to be cheaper next year, one barrel of oil or an IPhone? Which would you rather pay less than $200 dollars for...