Thursday, November 13, 2008


After spiking in the $4.40/gallon range in the days following Hurricane Ike - when gasoline was extremely thin on the ground in these parts - prices have now fallen below the two dollar mark. Lowest one we saw tonight was $1.949.

I realized that the last time we had seen prices below two bucks was before Hurricane Katrina, more than three years ago. They didn’t seem like such a great bargain then.

My Great Corporate Salt Mine stock is hurting - as is pretty much every other stock as well - but I don’t mind. I’m just pleased to see the functioning of Adam Smith’s “invisible hand”...and anything that reduces the flow of dollars to the mullahs, imams, and Hugo Chavezes of the world can’t be all that bad, eh?

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