I cannot believe how quickly gas prices are falling. I paid $2.79 a gallon this morning, which was amazing to me. It actually cost me $48 to fill up my tank. In the summer I was paying $80 and up. The gas station by our house limits credit card purchases for gas at the pump to $75, so every time I filled up I had to put my card through twice to completely fill the tank.
I’m not going to turn this blog into a “Green” blog, but there’s something about gas prices I wanted to point out.
There is a drawback to lower gas prices. The lower the prices fall, the less incentive there is for companies to develop alternative fuels and energy. It’s hard for an electric or hybrid car to compete with cheap gas, and companies will be more reluctant to invest significant dollars into researching and developing alternatives because they’ll worry they won’t recoup their investment.
Hopefully, our next administration will focus more on alternative energy and offer incentives for companies to continue to work on this important issue.



