Something I didn't think I'd see just a few months ago: There's a gas station next door to my workplace and we watch the prices change. Lately, they've been changing twice a day. Prices are going down. $2.54 when I left yesterday. Gas was still well over $3 here just two weeks ago. Amazing.
Not sure what to make of the BOTD by Steven D Levitt of the N.Y.Times. He wants higher gas prices to reduce traffic congestion. Alrighty then. I really like this snippet of intellectual prowess, though:
Traffic jams are a direct consequence of too many cars on the road. If you took some cars away, the remaining drivers could get places much faster.
Those are some smart people at the New York Times.
Driving is freedom and I'm not sure what good will come of making it unaffordable. If there is a case to be made for doing so, Levitt didn't make it.
Quote of the Day
If this game is another mud bath with bad weather I am burning my DVD of "Spice World" and you can't stop me.
Matthew Berry, ESPN.com
Blog of the day here.
Quote from said blog: "My view is that, rather than bemoaning the high price of gas, we should be celebrating it. And, if any presidential candidate should come out in favor of a $1 per gallon tax on gas, vote for that candidate."
If a gas tax hike isn't on the table early in the next session of Congress I'll eat my shoes. And those who like that idea will absolutely love the coming "carbon" taxes.
It's $2.39 just up the road from me. Maybe a few pennies less.
Hereabouts (S.F. Bay Area) prices are still well over $3 a gallon most places. Still, just four months ago, I paid $4.70. Wow!
Rob: noted your comments about gas. Prices dropping here too. Yesterday when I came to work it was $2.20 and 12 hrs later as I went home it was $2.12!! Best I've seen in awhile. Hope it stays there.
Demand is way off, Nancy. When I filled up the other day, I was the only person there at a 16 pump station. That's what's, er ... fueling this. :)
I don't think we've seen the bottom. The economy is in rough shape and people aren't going anywhere.