That didn’t take long… No sooner did we find out that $4 a gallon gasoline and diesel fuel was THE tipping point at which Americans would change their transportation habits than gasoline and fuel prices started to drop. Of course, they’re not dropping back to the $1.50 a gallon range that we enjoyed back in the day (before Bush was president), and they never will, but they have dropped down below $4 a gallon.

 

Is anyone surprised by this? It was inevitable that, as soon as Americans started driving slower, buying smaller, more fuel-effeicient vehicles and driving billions fewer miles, the oil companies would bait the hook with lower prices in an attempt to tempt us back to our old habits. The question is: Will we fall for it? We have in the past, over and over again.

 

I for one think that we’re not going to backslide. I think Americans are finally getting that our oil resources are finite and we have to change our ways. This time, I don’t think that the oil companies’ bait-and-switch tricks are going to work. What do you think?

This entry was posted on Tuesday, August 19th, 2008 at 9:23 am and is filed under Over the Barrel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.