Gasoline prices redux

Credit: iwasaround on Flickr

Back in June 2007, I wrote a blog post about gas prices. At the time, gas was $3.15/gallon. Gas is a little more expensive now (about $3.70-3.80 here in north Texas), but more or less everything I wrote then still holds true, with the possible exception of my really bad jokes. Nonetheless, I’m not planning on writing another post about gas prices until there’s something truly new and different about how everyone is reacting to it, but I felt that in light of the same old panic about $5/gallon gas and a decrease in demand for gas from the same time last year (about 3 percent), it was worth digging this out of the archives.