When Past meets Present — Or, how prices fall up quicker than they fall down!

Aug. 8, 2005 — Oil hit a record high of $64.  Gasoline hit a record high as well at $1.86 per gallon.

Oct. 27, 2008 — Oil falls below $64. Gasoline is currently priced at national average pf $2.66.

Remember when the price at the pump reacted to the mere news of an increase in spot prices?  (Yeah, just last month).  That kind of responsiveness is missing today… wonder why?

[Source of data is AAA]

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s