Gasoline Now at $2.50 a Gallon, Nets Couldn’t Care Less
Remember last year at this time when you couldn’t turn on your television set without coming across a story on rising gasoline prices? Well, a year later, gas is now $2.50 a gallon, down 50 cents in just one month, twenty-nine cents lower than last year, and the broadcast network news programs couldn’t care less. As reported by Reuters Monday:The freefall in U.S. gasoline prices continued as the…
CNN: Are Falling Gas Prices a Sneaky Scheme to Help Republicans
In a September 15 report for "The Situation Room," CNN reporter Bill Schneider wondered if the current decrease in gas prices has been timed to help Republicans in the midterm elections. He ominously asked: Schneider: "The drop in prices may last a couple of months, long enough to get through the November election. Could that be what the oil companies want?"Does this mean that high prices in the…
Friday Afternoon Biz-Econ Pick-me-ups
This was not a good day, and probably won't be a good weekend, for those who have been bad-mouthing the economy --
Drudge reports that retail gas in Missouri is as low as $1.85. Around Cincinnati it's as low as $1.97 - $1.99 (link is dynamic and will obviously change):
Oil is sliding down towards $62 per barrel.
