Tuesday, September 12, 2006

Gas Prices Falling

Gas prices are falling in time with hopes for a Democratic congress:

Gasoline prices continue to tumble, almost free-falling toward levels not seen in five months.

The nationwide average for regular was $2.618 a gallon, the Energy Information Administration reported Monday. That was 10.9 cents lower than a week earlier.

"The reason prices are going down so far so fast is that they shouldn't have been that high in the first place. Two reasons they were: fear and speculation," says Mike O'Connor, president of the Virginia Petroleum, Convenience and Grocery Association. It represents gasoline distributors who operate about 4,000 stations.

O'Connor says $2 gasoline "is more likely than unlikely" if the Gulf of Mexico isn't hit by hurricanes and if there isn't a flare-up of tensions in oil-producing regions.

Yet another staple of the BDS diet is gone. Without a civil war in Iraq (if you read this website, you know that's a fallacy of the BDS crowd), a horrible hurricane to Kanye West (ie, blame on Bush), terrorist attacks, or high gas prices, what is there for the Left to say? They can't say anything about themselves, you know, because they've been so busy attacking Bush for the past six years that they really haven't done anything.

If things go well while Bush is president in any way, shape, or form, the Left loses its voter power.

Also, I'd like to point out the last bit of that article for those idiots who called for boycotting gas stations whose prices were "too high":

Falling prices are cheering gasoline retailers as much as motorists.

"When it was $3, I was paying 9 cents a gallon in credit card fees. It's a percentage (of the price). The retailer pays that; the customer never sees that. There were many times I was close to breaking even or even losing money," says Jinger Duryea, president of C.N. Brown in South Paris, Maine, which operates 90 convenience stores that sell fuel. "The first part of the year has been abysmal. We're all breathing a sigh of relief."

A misunderestimation of free market economics cause all the "Big Oil = Evil" angst. Anyone with half a brain should be waking up to the crux of the matter by now. Capitalism wins the day, again. Thank goodness.