Gas Prices Fall Below $2 per Gallon, $3 in Canada
Michigan gas prices fall below $2 per gallon.
Minnesota gas prices fall below $2 per gallon.
Ohio gas prices fall below $2 per gallon.
Canada gas prices fall below $3 per gallon.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Thursday, January 11, 2007
Minnesota gas prices fall below $2 per gallon.
Ohio gas prices fall below $2 per gallon.
Canada gas prices fall below $3 per gallon.
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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- Quote of the Day - Consumer Greed?
- More on Canadian and EU Unemployment
- Minimum Wage Adjusted by Cost-of-Living?
- Law of Demand Operates, Whether You Like It
- The Not So Dismal Future of Economics
- 6% Unemployment in Canada, A 30-year Low
- The War on Asparagus?
- Chinese Market is Critical to GM
- Nations Don't Trade
- Socialist Revolution?
3 Comments:
Why is crude oil dropping now? Here is a quote from the WSJ : "Nymex crude oil for February delivery plunged another $2.14 per barrel, or 4%, to $51.88 -- the lowest level since May 2005."
In the Fall of 2006, sometime around the beginning of the fourth quarter, I read one oil analyst who thought that about 20% to 25% of the then-current price of oil was due to speculation.
Some of these speculators are selling their positions and taking their profits.
Plus, the U.S.'s Northeast has had a very warm winter. Have you shoveled snow yet?
no, I haven't shoveled snow yet. It's been nice. Also, compare your consumer energy bill to last year. It's smaller this year, and thats why. The current weather coming to the NW is a ice/snow storm with below average temps. Should I fill up my gas tank before the storm?
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