Gasoline prices have fallen $1 in a month and more than $2 since the all-time high in June. Motorists are collectively saving billions at the pump, cash that would have generated fresh legs for the economy in better times. Full Story »
Posted by Derek Hawkins
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Straight forward, informative reporting. The story uses a variety of persons-on-the-street interviews to make its point that there is no joy in Mudvill because eveyone sees lowered gas prices as giving them a small extra sum of cash for budgets that are increasingly strained as things continue to worsen.
In parts of Colorado, regular is selling for about $1.65 a gallon. That means it's time gas up the old Suburban--a fillup which cost $170 when gas ... More »
The article doesn't say much that's new, but it does a good job of putting gas prices into perspective in relation to other factors in the recession.
A good article with a somewhat myopic view on fuels costs and their effects. Explains some of the obvious possible ramifications in analysis of lower costs though a bit early yet to see the ultimate effect. But a good score keeping piece on energy and fuel costs.
The effect of lower fuel prices might be simply that they keep the economic mess from becoming a total wipe out, or may just retard it's progress. ... More »
Since fuel prices and speculation led us into the final lap into the recession, it is only fitting that they show the way down, but since production ... More »
One wonders how much of the previous price of oil was due to demand and how much to Wall Street speculation in oil. If it was Wall Street, they ... More »
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