How Bad Were We Being Screwed?
Gasoline. We all want it and apparently, the breaking point is about $4.00 a gallon (give or take). The social experiment is over and now gas has settled back down to under two dollars a gallon. Seems a bit odd to me, but hey, we're all just happy to have the price more reasonable again, right?
I'm not a complainer. We'll OK, maybe I am, but not in this case. I actually like spending half as much for gas as I did a few months ago.
The thing that has been bothering me is that the price has never dropped so much and definitely not so quickly. Sept 4th - a gallon was $3.79 for me. November 3rd - a gallon was $2.21. That is a 41.6% drop in two months. Three weeks later the price was well under the $2 mark, at $1.64. That is another 25% drop in three weeks (and well over half-price since September). Craziness. This means one of three things - (1) things are REALLY that bad and the value of many things is virtually nil, (2) the oil companies have made all their profit for the year and wanted to give us all a break, or (3) gasoline was so overly inflated (you know our current leader is an oil man, right?) but the economy can no longer support it.
I'm not pointing any fingers, but it does seem kinda fishy that all this is happening amidst the banking and auto industry fiascoes. I'm hoping I'm not the only one to notice this. While we are distracted with the woes of those other industries, the price of gas has quietly slipped back down to normal. I am certain that the powers that be are hoping we are 'just happy to have cheaper gas' so we can spend our money elsewhere, including buying vehicles again. Meanwhile, the gas companies are quietly counting their millions and now are no longer square in the bullseye of the people's disdain. And the results of the social experiment are in, either people will not pay more than $4 a gallon or the economy cannot support it, so that IS the breaking limit. That is how badly we were being screwed.
I'm not a complainer. We'll OK, maybe I am, but not in this case. I actually like spending half as much for gas as I did a few months ago.
The thing that has been bothering me is that the price has never dropped so much and definitely not so quickly. Sept 4th - a gallon was $3.79 for me. November 3rd - a gallon was $2.21. That is a 41.6% drop in two months. Three weeks later the price was well under the $2 mark, at $1.64. That is another 25% drop in three weeks (and well over half-price since September). Craziness. This means one of three things - (1) things are REALLY that bad and the value of many things is virtually nil, (2) the oil companies have made all their profit for the year and wanted to give us all a break, or (3) gasoline was so overly inflated (you know our current leader is an oil man, right?) but the economy can no longer support it.
I'm not pointing any fingers, but it does seem kinda fishy that all this is happening amidst the banking and auto industry fiascoes. I'm hoping I'm not the only one to notice this. While we are distracted with the woes of those other industries, the price of gas has quietly slipped back down to normal. I am certain that the powers that be are hoping we are 'just happy to have cheaper gas' so we can spend our money elsewhere, including buying vehicles again. Meanwhile, the gas companies are quietly counting their millions and now are no longer square in the bullseye of the people's disdain. And the results of the social experiment are in, either people will not pay more than $4 a gallon or the economy cannot support it, so that IS the breaking limit. That is how badly we were being screwed.
0 Response to How Bad Were We Being Screwed?
Post a Comment