So, oil prices have fallen to about $51 per barrel, the lowest since May 2005.
And yet, the gas station on the corner near my house is still at $2.98 for premium.
And have you noticed that there are no more stories in the news about high gas prices?
This is a human failing, the short attention span. Politicians and corporations take advantage of this all the time; here we see it in action again. People are used to high gas prices now, there is no longer any novelty in talking about it, so there is no reason for the oil companies — still raking in obscene, huge profits — to lower the prices. Before we all know it, the water will be boiling and it will be too late.
And here I am, selling my hybrid. I must be insane.