We Are Basically Puppets On Strings

And I Don’t Like It (A little Friday venting)

Posted November 7 2008 03:40 PM by Mike McGlothlin
Filed under: Miscellaneous, Opinions

I, like you, am enjoying diesel prices being under $3 a gallon where I live, but how long will prices remain this low before they sky-rocket again?

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Obviously, it’s not all OPEC’s fault that gas and diesel prices went so high just a short time ago. If OPEC ever had the chance to cripple America, it would be right now, with an economy in a recession-type of state. But, the price of gas and diesel has gone way down.

What ever happened to increased demand fueling the need for more supply? What ever happened to that simple economical theory that made so much sense just a short while ago? I doubt demand has gone down any. There certainly aren’t any less people in America decreasing the demand.

A million reasons could explain this phenomenon, but I don’t know that I believe any of them.

I’m going to enjoy this fuel while it’s cheap (I never thought I would think $3.09 diesel was a bargain, but it is), but I can’t help but wonder when fuel will be $2 more per gallon–or higher. We know it’s going to happen, but it’s just a matter of when. If the economy recovers, which will happen (because this is America), I expect the price of fuel to more than likely double. Sad, but true. Oh, did I mention to enjoy these prices while they last?

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Reader Comments:

1. The threat of rising prices makesme want to put a 1000 or more gallon fuel tank in my backyard to store cheap diesel. This seems like one of those ideas that after you do it you think to yourself "What the *** did I *** Its probably a bad idea...

SmokenGun - Posted November 7 2008 04:16 PM

2. Yes the price is most likely going to rise again . Currently I'm stashing away the cost difference in savings.While still contuing to drive the same way I was when the cost was so high.Maybe if more people do the same the consumer will take control of the market back .

meanmatt - Posted November 12 2008 11:03 AM

3. Exactly! While I'm enjoying the low fuel prices, I'm maintaining the same driving habits I had when it was $5.39/gallon. I can't say the same for the rest of the country though, as I heard on the news yesterday that Americans are beginning to drive more already. Like I said, we're puppets on strings if we do this!

Mike McGlothlin - Posted November 12 2008 01:37 PM

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