Wednesday, October 22, 2008




At 10/23/2008 10:13 AM, Blogger mythusmage said...

And with gas prices lower, expect prices across the board to go down.

Why? Because the cost of transporting goods has gone down. Any sensibly run company will find a way to pass savings on to the consumer, or lose customers.

Lower gas prices also means that the cost of other oil based products has gone down as well. Which means the price of making stuff has gone down. With a lower cost of manufacturing and distribution it means manufacturers and producers can afford to lower prices. Indeed, it will be necessary for producers to lower prices or lose customers. The first company to slash prices will make out like a bandit.

So the consumer is going to find himself with extra cash. What is he going to do with that extra cash? Spend it, of course. The cost of oil remains low you're going to see a boom to beat all previous booms.

At 10/23/2008 11:05 AM, Anonymous Anonymous said...

Gas still over $3.00 a gallon in California.

At 10/23/2008 3:38 PM, Blogger juandos said...

"Gas still over $3.00 a gallon in California"...

Well that's what liberals do, raise taxes but make sure that nothing gets done...

California also has the highest state gasoline tax in the nation


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