Last summer, I opined to anyone who'd listen that while the $4/gallon prices were temporary, gas was settling into a new higher range, a "new normal," and we'd never see $2/gallon again.
Yesterday I filled up for $1.999/gal at my local convenience store.
I dismissed certain blogospheric rants about manipulation and price-fixing as so much conspiracy theory, but a 50% drop in 5 months? Demand hasn't dropped *that* much, and perhaps wasn't *that* high last summer.
Just another something that makes you go, "Hmmmmm....."
Friday, October 31, 2008
One more thing I was wrong about
Tags: economics
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