Gasoline prices across the country are dropping at record rates. The price has fallen over fifty cents in just the last two weeks. There are many factors contributing to this record drop including:
- Difficult economic conditions
- Drop in crude oil price
- Reduced demand
There is not much we can do about the first two, but reducing demand is under our control. Many drivers have already scaled back their driving habits due to the high prices in the summer and now the failing economy.
Unfortunately, we know these price drops will not continue much longer. OPEC has already said they will cut production and refineries will reduce their output. The price drop will slow down and then eventually stabilize. How soon before they then begin their inevitable rise?
We need to aggressively reduce demand to maintain lower prices through Passenger Energy.
