Nov 06, 2008 13:34
I have noticed that gas prices tend to drop just before elections, although they dropped far more precipitously than usual this time. I thought we might see prices below $2.00/gal before the election, but I didn't really expect it. Sure enough, it was only down to $2.05 on Nov 4, but this morning I actually paid $1.999/gal. I never really though I would see prices this low again. I wonder how low they will go?
I remember seeing prices below $0.20/gal when I was a kid (Back in the days of full service, when "gimme a dollars worth of gas" meant something). Anyone remember gas price wars? I remember commenting "We'll never see prices below $1.00/gal again" sometime in the early 80's. I really thought the $2.00/gal years were behind us as well. Interesting to see what effects this will have. I am already seeing less ridership on the trains during my commute, and it seems that there are more SUVs and Hummers on the road again.