I seem to recall when I bought my first car, as a student, in early 2008, gas was at its peak (at the time).
When that car was totalled, I bought a new one. In mid-2011. Close to the absolute peak. I sold it in mid-2012, around the end of the absolute peak.
And my cars required premium fuel. So in my mind, $1.20 CAD is cheap cheap cheap.
I guess I should just short oil when I buy cars...