Let’s Keep Gasoline Expensive

Big 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%.

Don’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 »