Monday, August 25, 2008

Gasoline dips below $4 in California

Link

Will this drop stop the drive to drill for more domestic supplies? Will cheaper gas make the SUV popular again? Will “alternative” energy investment fall off?

2 comments:

The Historian said...

No.

No.

And no.

The days of the petroleum fueled engine are numbered except where they cannot yet be replaced (jet aircraft).

Jeff said...

To the historian: I've thought a lot about the jet engine and our economy. I can only guess that, in X number of years, flying as we know it will become almost exclusively corporate.
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Just for the record, the regular gas in my hometown (of Wallingford, PA) was about $3.39 yesterday.