http://www.hiwhy.com/2008/06/19/gasoline-tipping-point/ Focuses on Education, Business, Law and Other Topics Relevant to Chinese Americans Fri, 03 Feb 2012 08:24:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.hiwhy.com/2008/06/19/gasoline-tipping-point/comment-page-1/#comment-10215 The Meaning of Gasoline Prices Thu, 20 Nov 2008 17:27:05 +0000 http://www.hiwhy.com/?p=522#comment-10215 [...] Five months ago, I had to pay $4.55 per gallon for regular unleaded at the local Valero gasoline station. At the time, gasoline prices were just 10% away from hitting the $5.00 per gallon mark. So, if I was offered a bet on whether gasoline prices would be over $5.00 or under $2.50 in five months, guess which way I would have wagered? However, here we are in the middle of November and regular unleaded is $2.35 per gallon. So, what does this all mean? [...] [...] Five months ago, I had to pay $4.55 per gallon for regular unleaded at the local Valero gasoline station. At the time, gasoline prices were just 10% away from hitting the $5.00 per gallon mark. So, if I was offered a bet on whether gasoline prices would be over $5.00 or under $2.50 in five months, guess which way I would have wagered? However, here we are in the middle of November and regular unleaded is $2.35 per gallon. So, what does this all mean? [...]

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