Gas Prices Continue to Fall
I think just about everybody has noticed the change in gas prices over the last few weeks. How could you not? Gas prices reached at a record high for the month of September due to the effects of Hurricanes Katrina and Rita. There was really only one way they could go and that was down. Now that the gas prices are now below $2.50, are consumers going to be willing to buy more gas? The answer is yes. Consumers have a tendency to forget the past and focus on the present. The fact that gas is still nearly 33 cents higher than it was last year is almost irrelevant to consumers. The only way that prices will steadily continue to fall is if the demand for the product actually fell, but as we all know this will not happen with the price of gas falling the way it is. I am not complaining. I love cheaper gas as much as the next person, but as a whole we are always going to pay higher prices for gas than in the past.
Posted by Nate at 11/15/2005 04:14:00 PM