Wednesday, October 29, 2008

Are Gas Prices Dropping?

Now that oil is down to $60.00 a barrel have the gas prices in your area been dropping? I realize that they have dropped since the artificially high prices this past summer, so I am referring to, the prices of over a year ago.

The cost a a barrel of oil started jumping a year ago this past September all the way up to nearly $150.00 per barrel. Did we get so distracted that the prices now are a lot higher than a year ago? Yes, things must raise in price over a year or at least that is what we are told. It seems that prices of everything jumped, all of course, blaming the high price of fuel. All those new "fuel surcharges" that were added on are still there even though the cost has dropped dramatically.

It would be interesting to hear from people on whether you have noticed any price drops recently. For the past months the media has spent so much time on elections, I wonder if that took our minds off the cost of living.

This video is about gas prices in rural versus urban areas. What about food costs?

Post a Comment