Wednesday, December 10, 2008

How Low Can The Gas Go?

LA Biz Observed's Mark Lacter notes that forecasters now say $1/gallon gas may be possible, as the prices continue to drop.

Weren't we above $4 just a few months ago? The rapid decline has been fascinating.

Meanwhile, as I see more and more gas stations offer a discount for motorists paying cash, the spread between the cash price and the credit card price seems to be getting wider.

I recently pulled into a 76 gas station where the cash price was $1.79 -- but the credit card price was $1.99. I usually hate paying cash for gas -- but I couldn't resist that price.

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