The news says this.

The average price of a gallon of gasoline in the United States recorded its largest drop ever as crude oil prices plunged and consumer demand continued to wane, an industry analyst said on Sunday.

The Lundberg Survey released this weekend showed the average price of a gallon of self-serve regular down 35 cents over the past two weeks to $3.31. Mid-grade was $3.45 as of Friday and premium was $3.57.

On the other hand, I was getting gas at $3.41 the same week as Hurricane Ike. And IÂ’ve paid less than $3.00 a gallon every time IÂ’ve gassed up in the past week.

Given the current rate of fall, I am expecting to see $2.50 gasoline by election day – but still believe that we need to drill more in this country, including offshore and in ANWR. Indeed, I believe that we need to impose a special $1.00 per gallon tax in coastal states that do not permit offshore drilling under the same regulations as are permitted in the Gulf of Mexico.

Oh, yeah – and we still need nuclear plants (the one thing France is doing right) and greater use of wind power.

Posted by: Greg at 10:56 AM | No Comments | Add Comment
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