The Incredible Shrinking Gas Prices

Gas prices are still much higher than I, as a consumer, would like them to be, but they certainly have been falling fast lately. I go into a nearby town about three times a week for various errands and there is a gas station on the outskirts of that town that I always notice because of the prominence of the sign. For the past few weeks, everytime I pass that sign I marvel at the incredible shrinking prices. When I last passed it, the price was at $2.15 per gallon. It was not so long ago (several months back) that the price there was just over $3.00 per gallon. The last drop I noted was a full 10 cents over a period of just a few days. I don’t know whether or not it will continue, but it is a much more relevant story than some of those being reported prominently lately. I guess if the prices start rising again the media will rediscover the big gas price story.

Comments

[ljbgranny]

I was hoping the prices would stay high even though I am basically lower middle class and the cost was really clobbering my budget. I was hoping they would build some new refineries and open up some other places for exploration AND I was particularly hoping they would start giving major tax breaks to folks inventing alternatives to oil at a decent price. We've got to find another way to do this. We can't live as though oil will always be around. We have to think of the generations to come.

[moreimportantthanyouinmyH2]

Yeah, um. Maybe the gas companies will take their record profits and invest in building a new refinery or two. No? Um, ok...maybe they'll pass the savings to the consumer. No? damnit! Um, maybe they'll keep everything just as it is, and toss us a few ten cent increases and decreases so we can assume something is happening with the market. And maybe someday those fluctuations will take a downward trend and we will return to being happy little american drivers, like in the 50's. Maybe it will hit 27 cents a gallon again!

Do they sell those rose tinted glasses at the gas station too?

[moreimportantthanyouinmyH2]

ljbgranny...they said the same thing when we were using whale oil. Did we ever run out of whales? Did we even come close?