I remember telling someone over the summer that we will never see gas priced under$2/gallon ever again. I must remember to be more judicious in my use of the word “never”. According to my cursory research, gas is hovering slightly over $2 in some parts of Minnesota. The dramatic decline in gas prices is generating suspicion among some progressives that it’s an orchestrated move by the Bush administration to appease voters in the weeks leading up to the mid-terms. Leaving aside my natural wariness of conspiracy theories, I think Americans have a lot more on their minds than savings a few bucks on gas.
But I do worry that if gas stays cheap, it will make it that much harder for us to abandon our free and easy consumption habits when the next Mideast imbroglio pushes oil back over $75/barrel.
