On the way home from work today I saw the first digit in the price of regular gas was a “1″. I assumed the sign was broken until seeing the price really was 1.99 a gallon at another Citgo down the road.
My initial, cynical judgement on the rapidly dropping oil prices was that this was largely the result of oil cartels dropping the price they’ve kept artificially high to make sure the bottom didn’t completely fall out of their gas-guzzling markets in the U.S. and worldwide, but that doesn’t seem to be the case. If nothing else, we can experience some sweet schadenfreude as we take down the economies of other nations in our flaming crash back to the earth (though the cheap gas may not last long).
Y’know what’s funny is that every gas station now seems to be jumping on the $1.99 bandwagon, even the places where gas is usually more expensive. I was up in Lincoln Park and they regular gas was $1.99, but the next grade up, which is usually like $.10 more was $2.59.
Anyway, it doesn’t really concern me as my car runs on garbage. Or at least the flux capacitor does.