Wednesday, August 30, 2006

Gasoline prices could keep falling

Good news from the USA Today:
"The only place they have to go is down," says Fred Rozell, gasoline analyst at the Oil Price Information Service (OPIS). "We'll be closer to $2 than $3 come Thanksgiving."
$2/gal isn't bad at all, though "closer to $2" could mean $2.49/gal as opposed to $2.51/gal... ah, semantics.

That should mean better news for the economy too. It just goes to show how smarter technological innovation and the pressures of the free market make a better impact than government interference (or Democratic rhetoric).

3 Comments:

At 4:33 PM, Blogger Shaun Kenney said...
Some folks argue that it's part of an election year conspiracy.

Nevermind that people travel less during the fall, energy costs go down because of better weather, supply increases, demand decreases...

I for one am shocked. Shocked, I tell you!

 

At 3:36 PM, Blogger Mike said...
Mark, you are a genius, sir! A GENIUS!!!

 

At 10:30 PM, Blogger Charles said...
Gas prices are below where they were one year ago today. Not getting a lot of press though.

I just filled up at $2.55 a gallon.

 

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