Saturday, November 08, 2008

Economics of Gasoline



I feel compelled to write today about the price of gas.
It has been dropping since the end of Summer and it seems to keep going. You can see from the picture what the price I paid today is. I don't think it has been this low in several years. When I stopped working for the Wall Street Journal in May of 2003, the price of gas was about $1.35 a gallon. Back in July when I was riding my bike to work, it was over $4.00 a gallon. It has dropped $2.00 in about three months.

I never thought I would see two dollar gas again. I should be buying up gas cans and getting all I can. Of course, I won't because it isn't practical. But when it starts going back up again, I'll be complaining because I didn't.

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