The price of gas has suddenly declined more than 50 cents a gallon in the past month. After a few years of terrorism, bad weather and the resulting supply shortage fears, everything seems to be OK for now. Trying to understand why, I came up with some possible reasons.
Vote below – Or provide us with some other possible reasons.
1. Large oil companies feel bad about cutting into the food budgets of minimum-wage earners.
2. Commodity traders have decided to calm inflation fears by selling off and taking a hit.
3. Suddenly, the dwindling supply of global oil has reversed. There is now a surplus!
4. SUV drivers are secretly pushing their guzzlers off a cliff at night, collecting the insurance, and buying hybrids.
5. The Chinese economy is shrinking and they don’t need as much oil.
6. Wal-Mart got angry because no one could afford to buy anything, so they made a few calls.
7. Ford is shutting down plants so fast that assembly lines of SUVs actually reversed themselves in a black hole effect, sucking in registered SUVs currently on the road.
8. There are now so many cell phone towers spewing radio frequencies that hurricanes are now automatically pushed out to sea erasing the fear of Hurricane season.
9. The Federal Reserve's interest rate crashed into $4 gas somewhere over California and started a neutron bomb effect that only kills home buyers.
10. Iraq is in shambles and elections are less than two months away.
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I like number 8, because Americans can do anything, even change the course of hurricanes if we really want to, but I'd have to say that #10: the proximity of the elections is probably the winner.