The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey released Sunday.
The average price of regular gasoline Friday was $1.66 a gallon, oil industry analyst Trilby Lundberg said. The price of mid-grade was $1.80 a gallon and the price of premium was $1.92 a gallon.
The last time gas prices dipped so low was in February 2004, Lundberg said, when the national average for regular was also around $1.66 a gallon. The all-time high was on July 11, 2008, when the price peaked at $4.11 a gallon.
Bottom line. Interest groups (or power groups as I like to call them) take advantage of special situations to scare us and take advantage of us. They invent the energy crisis to peddle the idea of efficient cars or alternative energy like ethanol and ask the government our money to work on some crazy idea, totally uneconomical.
Then they forbid us to import the superbly engineered and energy efficient cars the US car manufacturers build in Europe. I drove them recently. At 90 miles/hour they are smooth and fun to drive, holding the road in an exceptional way.
Let the markets work. Why do we need an electric car? Because someone is going to make a lot of money from it. Why do we need ethanol? Because someone is going to make a lot of money at our expenses. But make no mistake about it. The markets always win.
If we are in this mess it is because we have been conned in a series of crazy ideas that have not worked out.
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
No comments:
Post a Comment