Thursday, October 30, 2008

At least gas prices are down...

During this turbulent market where it is difficult to know what the news everyday is going to do to the market and how investors are going to react, we can all enjoy one thing and that's a lower cost to fill our gas tanks. I believe as of last night 6 states in the US registered gas prices under $2 a gallon.

Oil has come down dramatically in prices, and has risen a bit in the past couple days, but still oil sitting around $60 or $70 a barrel is much better then where it was. I read a report where an analyst thought that oil prices could get to $20 a barrel---a few months ago that was unthinkable. (I don't even know if it is currently "think able", but that's neither here nor there). It makes driving by a gas station, either to pump or just to look at the prices, to see the costs going down as opposed to going dramatically up each day. It got as high for one gallon of gas as a lunch in your work cafeteria in some places.

I am not sure what you as a consumer can do to help keep the prices where they are but I believe from what I did hear is you can help. Numerous sources have said to just don't get greedy with the gas, remember where it was before and don't have a short term memory. Know how quickly and dramatically gas prices can sky rocket. Use gas as you would have before when the prices were higher, sometimes you can control it of course, but if you we're car pooling to work, keep doing it, it'll only keep more money in your pocket.

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