Gas For Less Money

Gas prices have been falling the last few weeks. Where I live in New York, I can now get regular for about $3.89/gallon.

The drop in gas prices has been due to the price for crude oil falling on the world market. This is wonderful for consumers - though I should add, no reason not to continue trying to improve gas mileage!

So why the “But…” in the title? Well, low gas prices are what we’re hoping for, and they have in fact lowered.

But…

The fundamental issues that sent gas prices through the stratosphere haven’t changed. In fact, they continue to worsen.

The bottom line is, demand is increasing exponentially, while supply remains static. Nothing is going to alter that fundamental problem. The whole offshore drilling craze is a farce. It will not appreciably affect supply for at least 8 years. And even once it does, it will not have an appreciable impact.

Hopefully gas prices will drop further. But they aren’t going to return to 2006 prices. Ever.

So continue making your gas mileage improvements, learn ‘conservation driving’ and hypermiling, and don’t depend on the price of gasoline coming down too much further.