{"id":3961,"date":"2013-11-12T14:37:11","date_gmt":"2013-11-12T14:37:11","guid":{"rendered":"http:\/\/highplainsblogger.wordpress.com\/?p=3961"},"modified":"2013-11-12T14:37:11","modified_gmt":"2013-11-12T14:37:11","slug":"falling-gas-prices-a-boon-or-a-bust","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=3961","title":{"rendered":"Falling gas prices a boon or a bust?"},"content":{"rendered":"\n
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A Bloomberg News Service columnist is issuing a warning about the falling gasoline prices.<\/p>\n

They aren’t necessarily good for the nation’s economy or its long-term energy policy.<\/p>\n

Pump prices in Amarillo now stand at about $2.92 per gallon for regular unleaded gas. That’s “cheap,” yes? And who would have thought $2.92 would be considered a bargain for gas?<\/p>\n

http:\/\/www.bloomberg.com\/news\/2013-11-11\/beware-of-falling-gas-prices-ritholtz-chart.html<\/p>\n

Barry L. Ritholtz, writing for Bloomberg.com, thinks the price reduction is going to produce a spike in driving. We’re going to forget that we have a limited supply of fossil fuels used to produce gasoline. It happens every time we see these dramatic dips in gasoline prices, as Ritholtz has noted.<\/p>\n

Then comes the sticker shock when the next overseas crisis erups in an oil-producing region — Syria, Iran, Egypt, Libya, Yemen … they all come to mind.<\/p>\n

I don’t want to sound like a know-it-all, but my wife and I have recently invested in a hybrid automobile. It runs on electricity and gasoline. Our Toyota Prius is our No. 1 in-town vehicle, and so far the investment is paying tremendous returns for us. We’re averaging about 47 miles per gallon and filling it up about every two weeks for a mere pittance of what we normally have paid for fuel.<\/p>\n

Our 3\/4-ton diesel-fueled Dodge Ram pickup, the one we use to haul our fifth-wheel travel vehicle? That’s another story. Won’t go there. Suffice to say it stays parked most of the time.<\/p>\n

We’re all enjoying the relatively cheap fuel at the moment. However, I intend to take Ritholtz’s warning to heart. <\/p>\n\n

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A Bloomberg News Service columnist is issuing a warning about the falling gasoline prices. They aren’t necessarily good for the nation’s economy or its long-term energy policy. Pump prices in Amarillo now stand at about $2.92 per gallon for regular unleaded gas. That’s “cheap,” yes? And who would have thought $2.92 would be considered a … Continue reading Falling gas prices a boon or a bust?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[674,1591,1859,2312,2330,2784,3050,4489],"class_list":["post-3961","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bloomberg-news","tag-energy-policy","tag-gasoline-prices","tag-iran","tag-iraq","tag-libya","tag-middle-east","tag-syria"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/3961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3961"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/3961\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}