When we began this course gas prices were $4.00 per gallon and more. People were worried. SUV's sat on car lots. Hybrids flew off the lots. People thought twice before getting in their cars to make an unnecessary trip. The demand for fuel took a nosedive. The reason for the recent drop in gas prices is precisely because of decrease in demand. Today I saw gasoline at $1.55 per gallon. (Dec 9, 1008) The article below calls for keeping gas prices at or above $4.00. (Remember our concept of the conservation reserve?)
http://theredelectric.blogspot.com/2008/11/bring-back-4-per-gallon-gas.html
What are your thoughts?
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