CNN Money is reporting that gas prices nationally have fallen below $2.00 a gallon. Of course, here in Rochester, we’ve yet to see it. The lowest price I’m seeing on Gas Buddy is about $2.35 a gallon. Still, we’re talking pre-Katrina prices of gasoline. That’s quite a jump in two months.
And I’ve said it before, but I’ll say it again: nothing about the production of oil has so changed that could possibly accommodate a 50%+ drop in the price of a gallon of gas. Wasn’t that the idea of Free Markets? That producers charge what it costs to make a product plus a little extra for profit and no more? If only the useless government regulators would get out of the way? I believe that is the Randian Utopia the Conservatives have in mind, complete with gold-foiled cigarettes.
Yet now that their number 1 consumer is broke, wow! Suddenly gas is a whole lot cheaper. I think we know now whom the Free Market benefits, and whom it fucks over.