OK, this is fabulous news, so go out there and spend some money and turn this economy around!
U.S. drivers could enjoy a drop of up to 50 cents per gallon in gasoline prices by this spring as high fuel prices and the threat of a recession force them to conserve, experts said on Wednesday.
U.S. gasoline supplies hit a near-14-year high of 227.5 million barrels last week, helped by falling demand for the fuel, the U.S. Energy Information Administration said on Wednesday.
Let's see. Supplies at a 14-year high, so the price will come down. That is called, let's see, what is it, it's on the tip of my tongue? Oh, yes. Supply and "when low reserves push the price back up, we'll demagogue the issue" Demand.
Comments
Still think we could have had MUCH lower prices with something we did back in WW2 and during the mid-70s...lemme see...what was that called again? It's right on the tip of my tongue...
Oh yeah...RATIONING!
;)
B.G.
(on the same page again)