Friday, October 24, 2008

Under $3 Gas

I went to Costco tonight near our house and gas was under $3. Wow!

Some questions I have:
  • Are people now going to forget the habits they developed when gas was near $ a gallon?
  • Will this kill the new Electric cars?
  • Will this help the Big 3 that depended on high margin trucks for their profits?
The decrease in prices is relatively new, so my thought is give it a few more weeks to see how people react to it. The price of oil seems to be very volatile, and may actually fall even more. Even if OPEC Orders Cut in Oil Production. Personally, I am more open on Thanksgiving weekend to driving due to the lower price of gas.

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