Tuesday, May 23, 2006

News that somehow misses the papers 

Regional retail gasoline prices, down to the lowest level in a month. Last week's This Week In Petroleum points out that for a 500-mile trip, a 75 cent-per-gallon difference in the price of gas if you drive a car getting 20 mpg is $18.75. So, how many people do you think are changing their minds on where to go on vacation?

And which way might oil prices go next? James Hamilton thinks natural gas prices might give us a hint.