Monday, October 13, 2008

Gas Prices

Huge price drops are happening.I got gas on Friday and gas at the local station was $3.29 a gallon for regular unleaded. The price was $3.19 on Sunday morning, $3.15 Sunday afternoon (I was pretty mad that I spent an extra 14 cents a gallon on Friday. This morning it was $3.11 and this afternoon it was $3.04 a gallon.

The fallout, everyone will be complaining that with the current gas prices, the oil companies profits will be "obscene" and that they are gouging Americans. The drop in gas prices, is of course, tied to the drop in crude oil prices, which is in turn driven by those economic stand-bys--supply and demand.

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