By evening the free-fall of gas prices had continued, $2.94.9... $2.93.9... except Family Failure ***, our main gas station, had leapt up to $3.01.9/gal. Is this a new correction? Were they helping pay for their two buck gas sale coupons? Who knows?
Friday things continued downward... $2.90.9... $2.89.9/gal.
But... I heard half of an NPR story, and so in addition to Dr. Phil's Pre-Election Gas Price Influence theory, I have a new theory as to what's going on. Oil is down to $85/bbl and this guy from OPEC was opining that with oil so low, it would be uneconomical to extract shale oil by fracking. In other words, is OPEC trying to stiff the competition? Or are they siding with the greens and promoting the environment? (evil-grin) Oh let's go out on a limb and select answer A instead of answer 2. (grin)
Election is on Tuesday... Based on past performance, if the Reds win big gains, gas should rise. If the Blue win big gains, gas will continue to drop for a while -- my theory is that this is to make it look like it's not connected to the election and to continue trying to influence downward demand by the public To Do Something In January.
Expect $3.63.9/gal by February.
*** Actually we like Family Fare in Allendale, the grocery store and gas station. The Family Failure is merely wordplay. Just like Office Despot and Bed, Bath and Beyond Belief. I've said this before, but sometimes feel I need to reiterate the point. So consider it reiterated.