I find it ironic that one of the Federal Reserve's guiding principles is
price stability, meaning (to them, anyway) that price deflation is a plague to
be avoided at all costs. Their target, in fact, is price inflation of 2-3%
annually. Yet, rising oil prices in the eyes of many is a plague upon our
economy. So which is it? Do we want the Fed's version of price stability
regarding oil, or do we want price deflation which puts them in hysterics? You
can't have it both ways.
All I can say is that I am happy to see gas prices falling and just hope the
I find it amazing that the national average is a full 30 cents higher then the
actual we are paying in the mid Atlantic. My cars require premium, and
it's price here is lower then the published average price for regular. Add
to that northncarolina has some of he highest gas taxes, it makes absolutely no
sense fuel prices are so high.... Particularly since in february Utah prices
were lower than mid Atlantic prices were by a substantial amount.None of it makes much sense.The good news is summer usually has
some of the highest fuel prices so if history repeats prices should continue to
The oil Co. thieves are alive and doing well in good old Utah mainly because our
politicans and government leaders don't care because there is "NO"
agency in this state regulating this bunch of greeds!
Utah has some of the higher crude costs. It would follow that the gas prices in
Utah should be higher than the national average.
For a story written by a DesNews staffer I'm surprised to see no mention of
Utah's current prices as related to the National Averages...
Now of course it would be ludicrous if I were to come on here and give credit to
Obama for the falling gas prices.Just like it was cherry picking to
compare gas prices to when Bush left office.If gas prices continue
to fall, I will not credit Obama. Please dont blame him if they rise unless you
also blamed Bush when they were over $4 per gallon.Both case would
make you wrong, but as least you would be consistent.