Monday, November 10, 2008

Has Anybody Noticed? Gas is Back to 2.129 Per Gallon

Nothing turns politicians into demagogues like high gas prices.

We hear loud demands to investigate the evil doers running the oil companies, who must (the idea goes) be manipulating prices.

We hear loud demands to confiscate the “excess profits” of the oil companies.

Of course, if the oil companies were manipulating prices, they would keep oil prices high. Why bother to increase them and then let them go back down?

But go down they do.

Sighted on College Avenue just yesterday: gas at 2.129 per gallon.

This will shut up the demogogues for now. But when prices go back up -- and sooner or later they will -- they will be back in full force.

They don’t learn. It serves their interests not to know.



Blogger Tom said...

I was surprised that neither presidential candidate jumped on this opportunity to claim credit. The line was extremely obvious for McCain - "Look, the U.S. just TALKING about drilling for more oil is enough to make oil prices (and gas prices) plummet!"

10:45 AM  
Blogger TosaGuy said...

I do predict that Gov Doyle and an all Dem legislature will still manage a way to put a tax on oil companies.

11:47 AM  
Anonymous Cassie said...

I saw it at $1.93 near the Kansas City airport about a week ago. Wow!

4:53 PM  

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