One dollar in 61 days

(There's nothing like waking up at 1:35 a.m. and realizing you made a misake on a blog entry the day before. The price of gasoline dropped $1.01 in 61 days, not 30 days. My apologies. I have corrected this in the blog entry below. Now if you'll pardon me, I'll play a game of Sudoku online and go back to bed. --Jim Ross, 1:51 a.m. Wednesday, 10/4/06).

Two months ago today, gasoline sold for $3.159 in Huntington, a record high.

Today I saw a sign at the same convenience store. It was selling gasoline for $2.149 a gallon. That's a reduction of $1.01 in one month.

At this rate, by New Year's Speedway and BP will be paying us to take gasoline off their hands.

Or maybe not.

I don't buy conspiracy theories that oil companies are cutting prices to help Bush and other Republicans. I mean, what have they gotten so far that they didn't already have or weren't getting anyway? I don't see any rigs in ANWR. Cellulose-to-ethanol and coal-to-liquid fuel will come when marketplace economics allow.

Something's at work here. I'll admit I just don't know.