Posted by Steven Hayward
Democrats are having gas pains: the pump price keeps falling! Heavens: there goes a talking point. Heres Rich Lowry and Rick Newman on the amusing spectacle.
While the experts on the news seem to believe that we are looking at decades of "low" prices at the pump, I am going to wait until prices fall below $2.00 and then stay there awhile (like, after November) before I cross over.
One station here in Ashland is selling regular unleaded for $1.99. Actually, when controlled for inflation, this is somewhat less than Americans paid for gas in the 1950s. Prices then were roughly 30 cents a gallon, which translates to just over $2 a gallon in todays money.
John -- That is encouraging, to be sure (though I am paying 2.65, due to state & county taxes). That is still less than the 3.39 high that we were paying awhile ago.
Lets talk again in --say-- January??
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