Gasoline prices have plunged. So why is no one cheering?
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
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. If OPEC cuts as much production as they have promised, fuel prices could rapidly leap up once more as the heating season stresses the system. I for one am glad to fill my car for under $100. The savings while significant do seem obscured by all the background noise on Wall Street and elsewhere.