Gas Going Down, Says AAA

While we were in Iceland last week, we had the thrill of paying $7.50/gal for diesel, which means a half tank for our Land Cruiser rental pegged the needle at $75. That helps us keep this news from AAA in perspective: the average price of a gallon of gas in Washington is $3.13. It's dropped 63 cents the past month, thanks in part to people not buying the stuff because it costs too much. But Sightline's Clark Williams-Derry has just put up a post talking about how this volatility in price isn't helping us set a firm course away from oil addiction.

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By MvB in Miscellaneous on October 20, 2008 4:15 PM

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bilco

Let's see...

Raw materials down 50% from their highs.

Sounds like we should be pretty doggone happy for this 15% drop in prices.

What we need to do - I'm with Thomas Friedman on this one - establish a regulated price of gas. A punitive one.

The marketplace is a total clusterf*ck, and as you rightly point out, there's no way to set societally beneficial behavior when you can't anticipate what tomorrow will bring. Hell, the Republicans imposed price controls in the 70s, what's up with these wusses now?

And, don't you all remember how great the 70s were??