Sort of a good news masking bad news situation....


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Posted by Eric B. on Tuesday, November 25, 2008 at 00:31:08 :

In Reply to: Fuel Prices posted by Joe Cimoch on Monday, November 24, 2008 at 23:01:17 :

While I am happy to see the fuel prices drop, to me it means that global demand for oil is down, which is further proof (as if we needed any!) that the world economy is in a down cycle. I am now hearing the word deflation tossed around as if it is new, but of course the housing market in many places has already been going through a period of deflation.

I just hope I have $1.44 a gallon to fill my tank in 6 months........

Enjoy it while it lasts, when (if?) the world economy picks back up we will see the prices jump again.

Eric



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