Well, I must add to yesterday’s blog that on the hand, gas prices have REALLY come down, haven’t they? I paid $1.929/gallon yesterday compared to about $3.79/gallon a month ago. I predicted to my sister that this would happen because of the voting process coming up. The gas prices went down before the vote for the senate what, a year ago, but after the voting process was complete, the prices skyrocketed again. Let’s hope that that’s not what will happen this time. I really like the gas prices being lower. That sure makes it easier for the poor folk to get around – well, for everyone for that matter. 
The price for a gallon of gasolline in Corpus Christi, Texas.
The actual gas tank price I paid!
So…not bad for the cost of living – to actually have the price of gasoline go down. I sure do hope it stays this way and that it didn’t happen just because of the election process. Time will tell. Let’s pray and keep our fingers crossed.
I’m feeling a little better today. That’s not saying much, but it is something positive as well.
Peace and love, Out…Linda
November 15, 2008 at 8:46 pm
Luckily gas prices have nothing to do with the election process. It just has to do with the price of oil, and ever since the global stock markets started to go way down, so has the price of oil. It also has a little to do with supply and demand. When the supply is abundant and the demand is lower (like it is now), prices drop. Most of the control of supply is by OPEC (Organisation of Petroleum Exporting Countries). A couple of the big countries included in OPEC are Iran and Saudi Arabia. They basically control the world’s prices of oil. If they want to make the prices higher, they simply slow down how much oil they export to the rest of the world. That shrinks supply, and thus raises the price, because demand remains relatively constant. So unfortunately, the United States has very little to do with the prices. It’s out of our control, so thats why its important for us to start producing electric or natural gas powered cars. We have tons of natural gas here in America, and it burns cleaner too.