Saturday, September 2, 2006
Gas prices fell an average of 30 cents per gallon virtually overnight. Just a few days ago, I was paying $2.79. This morning the highest I saw was $2.49, and on doing some looking around found it for $2.39, $2.41, and what I eventually paid (being too far from the cheaper places by then to go back), $2.42. I've heard that Wal-Mart led the charge in this area, slashing its price to $2.36. They've probably sold their pumps dry by now.
Surely there are massive news stories going over the wire about this. After all, everyone's quick to start griping when prices go up, right? All the "peak oil" proponents love to use any spike in prices to fire up the doomsday propaganda machine, somberly warning that the end has come. So where's the news stories trumpeting the praises of capitalism now that prices are falling?
* crickets chirping *
Posted by Tom, 9/2/2006 7:52:16 AM (Permalink). 3 Comments. Leave a comment...