Blogs > City Editor's Blog

By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Wednesday, July 30, 2008

Held up without a gun

It is patently offensive, if not borderline criminal, that the price of gasoline in the Kingston area (and most other locales, I presume) has dropped less than 10 cents a gallon during the time that the price of oil has plunged from $148 to $122 a barrel.

Crude's decline amounts to roughly 17.5 percent, while gas - now selling for around $4.11 a gallon in these parts after topping out in the neighborhood of $4.19 - has come down less than 2 percent.

Now I'm not a fool. I know the price of gas never declines at the same rate as the price of oil - if it did, a gallon of regualr unleaded would be selling for about $3.45 today - but I think we have the right to expect far more of a price break than we've gotten in the last month. Something around $3.75 would seem reasonable.

At $4.11, we simply are being had.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home