Saturday 18 October 2008

Gasoline/Petrol Prices

Winter Heating Costs: How Hard a Hit? - Seeking Alpha
What many Baltimore-area drivers have been experiencing this week is now official: The average price of gasoline is under $3.
Only recently the petrol prices were going skyhigh. Fuel-watch scheme was established to monitor prices on the gas stations. But now, all of that is coming down.
I've been wondering what happens with prices in the Balkans. Those were always very slow on the way down. Yet, they were quick to raise them last year to follow the upward trend. The market in the U.S. is clearly showing trend of lowering petrol prices at the stations. Drop from $4 to $3 is a significant one.

Similar thing happens with heating oil and natural gas prices. This is deflation first-hand. :)

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