Tuesday, September 2, 2008

Gas Prices

Oil was up to $147, call it $150, t0 $110, 25% decrease. Gas was up to $4.11, but now is only down to $3.68, a 11% decrease. So assuming the price of gas tracks 100% to gas (yes, I know about the taxes), gas should drop to $3.08. Figures per a NY Times article on Despite Oil Prices, Little Relief for Consumers. Auto Club I believe thought if the price of gas got below $3 a gallon, there would be an increase in driving back to normal levels.

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