Thursday, August 31, 2006

Gas Prices Make You Go Hmmm ...


This has nothing to do with pets -- although I did make a stop at Petco on Kirkwood Highway to see if Halloween costumes are out (they are) -- but I just paid $2.59 for a gallon of gas. On Saturday, I paid $2.81 on U.S. 40 in Bear.

It looks like there's a gas war going on on that section of Kirkwood Highway, but still, how do gas prices change so dramatically? And why are we so excited when we're paying $2.59? What happened to 89-cent-a-gallon gas or a $1.43?

The price of oil is hovering around $70 a barrel -- still high. It's not even Labor Day, so did the kids going back to school cut demand already? Anybody out there with an economics degree who can explain the factors that influence gas prices?

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