Sunday, November 16, 2008

Gas Prices - How Low Can You Go?

This is a photo my friend David sent me on Friday. We are having a competition to see who can find the lowest gas price. He wins!

Sadly, David has pointed out that gas can fall to 50 cents a gallon and it won't help much. What good is cheap gas when so many people either don't have jobs to drive to or money to shop with?

OPEC has been calling for cuts in production to get prices back up. Good luck with that! I hope we have finally "woken up" and are staying on the path of finding alternative fuels and manufacturing more energy efficient vehicles.

The U.S. auto industry is in deep trouble and looking for a bailout from Congress. If they fail, there will be massive job losses. If we bail them out, will they make the necessary changes that they should have made years ago? Will the unions and labor make concessions that they currently are refusing? Where do we draw the line? Who's next in the ever growing line at the Treasury bailout window? What happened to the "Free Market Economy"?

Sometimes you have to fail before you can succeed.


Tara R. said...

There are only a few stations where I live that have dropped prices below $2, but I can see it coming soon. It's about time. I'm anxious to see too how the auto manufacturers respond to this bailout.

OhCaptain said...

I think soon, everyone's hands will be out looking for a bail out.

I'm loving these gas prices. We haven't changed anything we changed to save money on gas. Now we are just saving money :-)

DysFUNctional Mom said...

Well, it helps a lot for those of us who DO have jobs to go to, and it gives us a little more of that money to spend! I know it won't cure the world's problems but it helps us a lot.

4funboys said...

wow... I thought we were doing good at 1.99.

I'm jealous!

Marivic_Little GrumpyAngel said...

Yes, it's good to have gas hovering in the $2 range since I have to drive 20 miles to work everyday each way.

The other day I was watching CNN and they mentioned that some union auto workers make $75 an hour, and get paid up to 5 years after being laid off per union contract. Kind of hard to sympathize after hearing that.