Gasoline keeps getting cheaper, even though the price of oil has been going up and is currently hovering around $100 a barrel. I believe, although I've found no evidence, that the gasoline price is being artificially manipulated from somewhere to encourage us to get out there and shop like consumers are supposed to when they're afflicted with the annual palsy known as "that holiday spirit." However, Who or what might be pulling the strings? I have no idea.
And it's not going to last. The price will go up at least a nickel in most places on New Year's Day because an ethanol tax credit will expire December 31st. Four dollar gas will be the rule on the west coast by spring.
3 comments:
Speaking of money matters, if you've forgotten Kunstler like I had for a while, he has been interesting lately.
I agree, Joe. Like last week's I though was as good as it's been for quite some time.
He concentrates a lot on what's happening in Europe now -- lots of knowledgeable people do -- but I only have a hazy understanding of what's going on there.
Thanks, Dave. I don't foresee Europe getting it's economic situation fixed up very well for quite some time. Europe is pretty hazy to me, too.
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