Gas Prices

I've never seen anything like the deflation in gas prices that we're experiencing now!

I know I've mentioned this at least on a couple of different occasions (Occasion 1 and Occasion 2), but I'm just absolutely amazed! When gas prices rose briefly to $4 a gallon and then deflated into the mid $3 range, I remember listening to an economist on the radio stating that decreased demand coupled with speculators losing interest in oil was the reason that oil prices were falling so drastically, but the person ended his description with this: "But don't get too excited. Gas prices are going to stabilize soon. The days of $2 a gallon gas, even $2 and a half, are over. You'll never see it again."

Well, we've seen gas prices that low and then some. Currently the gas station across the street is charging $1.83 a gallon. A deflation in prices of 56% is utterly amazing.

Not that I'm complaining. I'm just amazed. Most likely, anyone reading this will never live through a time like this in his/her life again.

____________________________

P.S. I wrote the above Wednesday evening, and I had to come back this morning and update it: The gas station across the street is charging $1.78 a gallon this morning.