Let’s Keep Gasoline Expensive

Posted by & filed under CGR Staff, Rochester Business Journal.

Kent GardnerBig is back. Light trucks (pickups, SUVs, etc) outsold cars by 100,000 in the month of November—sales were up 10% from the same period in 2013 while car sales were up just 1%. Oh, and gasoline prices have been sliding all year. Coincidence? Don’t think so.

And gas prices may have some distance to fall, even if crude oil prices stop their descent: Crude is down nearly 40% from its 2013 average while gasoline prices have dropped only about 25%.

gas pumpDon’t you love the low gas prices? Filled my little car’s tank for under $30 for the first time in, oh, forever. Actually, it only feels that way. Today’s prices are roughly where they were in 2010. Isn’t it interesting how quickly we adjust to new prices? Read more »

I’m ready for some Global Warming

Posted by & filed under CGR Staff, Rochester Business Journal.

Kent GardnerThe Polar Vortex has me thinking about global warming. No, not the reflexive, “How could the world be warming and still post the coldest temps in recent memory?” I’m on board with the scientific consensus on climate change and I’ve a healthy appreciation for the randomness of complex systems.  Most economist & weather forecaster jokes are interchangeable, after all. Read more »