[I]t is worth pointing out that gasoline prices, while higher than a few years ago, are still well short of their historic highs. Adjusted for inflation, gas prices are still significantly lower than they were at the beginning of the 1980s, and they have been at historical lows for the past decade: No wonder demand is high.
I wish I’d thought of that. What strikes me so unusual is the radical variability of prices. The premium grade my vehicle requires is currently selling from as low as $1.83 (I saw it for that in Arlington yesterday) to over $2 ($2.02 in Fairfax yesterday, and that’s probably not the highest). We’re only talking about a distance of ten miles or so.
What will Kerry do about the prices of T-shirts? Computers? Shampoo? Diet Coke? (I buy a lot more Diet Coke than gasoline, and I want those loss-leader specials back.)
Indeed. Fortunately, we still have plenty of loss-leader Diet Coke in these parts. I just bought several cases at $2 each.