Update today, Sunday, 10-12-2008!!!
Looking through a very large lens, I have detected that gasoline prices have gone down in this small town in the South East USA. Wow, have they ever gone down! From $4.029 per gallon of regular gasoline two weeks after Hurricane Gustav, to the now nearly un-remembered low price of $2.989!
What a lovely sight! Trumpets should be blaring, there should be high school bands playing and majorettes twirling batons!
There are cars lining up around the block, and SUVs are getting a full tank for the first time in months.
What can it mean? Well, it's an election year, and are we getting a little gift from the newly crowned Emperor (he was a President pre-bail-out for those with short memories, and Republicans) just prior to the election? Oil prices have gone down as the stock market has gone over the cliff, so I am sure that factors into the equation. But - really - we all know that prices don't go down as fast as they go up, and this downward trend in gasoline price here has been extremely fast indeed. It's a conundrum.
Just waiting for the rebound. Won't be any majorettes for that.
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Llewellyn King
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Comments
I felt like buying a round for the house!
::thumbified with a snoopy dance::
Wow - haven't heard that or seen it written in decades. With the price of gasoline down, we can afford to travel down memory lane a bit!
Odette - Yes, this is a phenomenon that is even more pronounced when the sitting President is running for re-election. Even though his evil twin W. is pulling out all the stops he can to keep a Republican in the W. House, I don't think the price of gasoline is going to help McCain.
I went into the store today to buy some vitamins and for the first time, bought the name brand and not the store brand. The store brand does not say "Made in USA" on the label, but Centrum does. With some of the pennies saved on gasoline, I can afford Centrum made in USA with no melamine in the formulation.
Take *that*, WallyWorld! The election-time gasoline price bonus went to American workers. Heh heh heh, love to slap the evil W up side the head whenever I can. Whichever "W" I can.