I am sure you have noticed. The price of gas is going down. Out here in The Welfare State of Kalifornia it is very dramatic. The price is down all the way to where it started a month ago. How is your attention span? You can remember a month ago, right? Don’t get excited about the lower price. It only looks low because it was jacked up over the past month.
Let’s assume you have some memory left. Turn back your clock four years. Do you remember how much gas was then? Neither do I. I have heard the price quoted by politicians but you know what that is worth. What do we do? Google it. One chart I found goes back eight years and shows the price of gas on George Bushes last Christmas in the White House at $1.61 a gallon. Are you still excited about how low gas is now? You can check out other comparisons if you have the time.
There are different reasons for this variation. One is a matter of business and profits. Understand the psychology of pricing. When you want to raise a price you jump real high and then back off to where you wanted to go. People are short sighted so they only see the decrease. They pay more and are happy.
Then there is the cynic in me. Isn’t it strange that days before a big election the price of gas would take a nose dive compared to the week before? I wonder why? I do have one suggestion for you. Make sure that you fill your tank today. You may never see this low price again.
homo unius libri
The bloggers in Europe tell me that they pay $6-10 a gallon. I'm sure that's where "they" want our prices to be.
ReplyDeleteWe do have an elite that admire the way things are done in Europe. They tend to forget we fought a revolution to get away from that.
ReplyDeleteGrace and peace