Among other news sources, NPR is reporting this morning that higher gas prices drove down traffic fatalities. The reason is that fewer people were on the roads. And that was part of the news as analysts reported that gasoline prices are down a good deal since their high in July. St. Louis, they say, has the lowest average: $3.77. The price is down not, they report (oh what a surprise!), because oil prices are down - those have fluctuated and are back up where they were two weeks ago, while gas prices are down from that two-week mark. Why? Because, just like the reason for lower traffic fatalities - people are driving less - because of high gas prices. Just as we have always said, all the squawking aside about higher oil prices and international relations driving the price of gasoline, the price of gasoline is driven by what the traffic will allow, so to speak. Oil prices are a factor, of course, but only over the long haul. Gasoline producers and sellers are going to charge you whatever you are willing to pay. They learned that in Economics 101. The lowest prices we had here in Galveston were $3.44 (.9 of course), and they're already on their way back up again.*
....but hey, do what you want....you will anyway.
*Strike that. Looks like we're down to $3.41.
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