Monday, November 24, 2008

$1.729 for mid-grade

I paid $1.729 a gallon for mid-grade gasoline at my local Tom Thumb gas station. There are reports of regular unleaded in the Dallas-Fort Worth area under $1.60 per gallon. I have thought that we were near a bottom on gas and oil prices, but I hope that I am wrong. From the perspective of the oil industry in Texas, we need oil above $40 a barrel. Of course, we can be pleased that low prices are making life difficult for the Mullahs and Hugo Chavez.

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