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Buy it while it's hot ...

November 30, 2008 - Lee Smith
The sky (supposedly) was falling earlier this year when gas prices reached $4 per gallon. Now that it's down to $1.68 (in Fairmont on Sunday), the whiners have retreated to their caves. I'm enjoying the lower prices and the silence.

This good news on gas prices doesn't get much play in the national media. Only crisis counts there. You won't see any stories, for instance, suggesting that now, while oil exploration and drilling costs continue, oil companies will be spending down those huge profits they made when the price was high. Someone has to supply you with that gasoline, but never mind them, right?

Anyway, I have a prediction for those who can only pump gas with tears streaming down their faces: The price will go back up. Probably in May or June. Summer demand, you see. If gas prices mean that much to you, you may want to consider buying a 1,000-gallon storage tank between now and then. Fill it up and drive cheaply for awhile.

 
 

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