Saturday, October 25, 2008

Gas Falls Below $2 in Texas

A fresh gas price war has broken out in the south Fort Worth suburb of Burleson. RaceTrac and QT went below 2 bucks Thursday night, followed by other area gas stations on Friday.

If the pattern of the past couple weeks holds true, gas all over North Texas will be falling under $2 in a few days.

The price of natural gas has plummeted too. So, all of us who have our electricity rate tied to the price of natural gas will be seeing reduced electricity bills.

Meanwhile OPEC is cutting back production. Which, I guess, will eventually have the gas prices heading up again. Maybe.

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