The Downside of Lower Gas Prices

Posted: October 29, 2008 in 2008 Elections
Tags: ,

Steve Clemons:

This ought to worry everyone. We’ll be under $2.00 in some parts of the country soon — and the price gougers elswhere in the country will slowly float down to these levels as well.

This is unfortunate on a number of fronts as a combination of the massive economic shocks that have hit the country and the precipitous price drop at the gas pump will be negative incentives in moving more expeditiously to alternative energy regimes.


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