I GOT YOUR BOOP-BOOP-A-DOOP BABY!

An interesting fact as I pointed out in a blog that I wrote earlier today is that oil is down in price and the dollar is climbing above 80 cents.

There was an interesting article in Businessweek that you might want to read even though it is a bit dated at this point.

http://www.businessweek.com/lifestyle/content/apr2008/b
w2008041_945564.htm

While it is true that the price of oil is down, there is doubt about there ever being a shortage. The consumption in the U.S. is only part of the worldwide demand for oil and the 3 to 4 percent reduction here in the U.S. is said by some to be offset by increases in developing countries including China and India.

In order to bring down the greedy we will have to go after many more than just the oil people. I hope that everyone is paying attention to the Congressional hearings involving CEOs of failed financial institutions. Good blog....much to think about!

But the question still remains! Since gas prices are dropping...will that also reflect on other prices of groceries and other products to also drop in prices or will this be used a profit loss makeup for during the high cost crisis that businesses have endured just as we have? Bringing the prices back down would also be another step in the right direction and can reflect on regenerating our economy crisis! But if people do start to get too comfortable and go on another wild spending spree, no longer being conservative, we just may go right back to repeating ourself again with the economy crisis!

BornToBeWild, short answer is "no". The prices aren't likely to come down. It is kinda like the old excuse of "inflation" for rising prices. We had a short period of "deflation" but nothing went down.

Lower income, tighter credit.....could mean the end of the good life for a lot of people....permanently. Our society is going through a monumental adjustment to the global economy.

It 8 Days it won't matter, as soon as the election is over, so are the lower gas prices..