In May 2007, gas prices hit $3.55 here in Los Angeles, and petty much stayed there until about two weeks ago, when it suddenly started dropping. Today, it's at $3.15, having gone down another four cents from the day before.
Back in 2005 when I started tracking gasoline prices here in Los Angeles, on the 4th of July holiday, the price of gas was $2.47. It went up over $3.00 up to, and through Katrina, but by the end of the year, with congress indicating it might consider a windfall tax, gasoline prices suddenly dropped that sixty cent increase and went back down to about $2.50 a gallon. But, slowly, the prices crept back up to over $3.00 throughout 2006, until election time. Then it dramatically dropped under $3.00, to $2.49 by coincidence, as low as it was over July 4th weekend in 2005. Unfortunately, by January 2007, it started back up, and was over $3.00 again. By March 2007, it was $3.21, and then back to $3.55 (the beginning of this post).
I do not have a clue how gasoline prices can rise and fall over one dollar, between $2.50 and $3.50, yearly, for no apparent reason. I also have no clue why more people are not pissed off.
But, then again, there are still approximately 30 percent of Americans that continue to believe Iraqis flew the planes on 9/11/01.
Back in 2005 when I started tracking gasoline prices here in Los Angeles, on the 4th of July holiday, the price of gas was $2.47. It went up over $3.00 up to, and through Katrina, but by the end of the year, with congress indicating it might consider a windfall tax, gasoline prices suddenly dropped that sixty cent increase and went back down to about $2.50 a gallon. But, slowly, the prices crept back up to over $3.00 throughout 2006, until election time. Then it dramatically dropped under $3.00, to $2.49 by coincidence, as low as it was over July 4th weekend in 2005. Unfortunately, by January 2007, it started back up, and was over $3.00 again. By March 2007, it was $3.21, and then back to $3.55 (the beginning of this post).
I do not have a clue how gasoline prices can rise and fall over one dollar, between $2.50 and $3.50, yearly, for no apparent reason. I also have no clue why more people are not pissed off.
But, then again, there are still approximately 30 percent of Americans that continue to believe Iraqis flew the planes on 9/11/01.
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