Wednesday, June 4, 2008

Gas Prices

It appears the gas prices have settled down a bit since Memorial Day weekend. We bought $3.89/gallon in southern Ohio the other day.

I think this may be a supply and demand reaction. Prices are often higher during peak driving times. Now, the demand will be less and the market settles down a few pennies per gallon.

By now most of us are rationing our car trips. If I have to go out for an errand, I connect a few more stops along the way such as picking up dry cleaning, doing my banking, etc. I'm not alone. Many I know are mindful of trips out.

Commuting miles are necessary miles but many are investigating mass transit. There was a picture in the paper of lines forming to board a bus in downtown Fort Wayne. Of course, the gas costs are affecting the bottom lines on all the transit authorities.

It seems like a "Catch 22".

'til later

No comments: