Gasoline Prices Falling…For How Long?
Saturday
Aug 23, 2008
Everyone is rejoicing these days as the crude oil prices are slowly going back down. But if you compare it to the first time that they started their upward trend, you will find that they are still way off from the affordable prices we all enjoyed back then.
The call has been to look for alternative fuel or perhaps shift to the electric powered cars. But what makes us so sure that once these efforts would still be continued as oil prices are on the decline?
For one, attention will surely be shifted on analyzing and waiting the downward trend of oil prices. But while that is something that analysts would surely love, the effort for alternative fuel and means of transportation should not be stopped. The current situation should not be a means for us to consider that everything is going back to normal.
Just as quickly as the oil prices spiked, the same can be said for the current oil price decline. It may hit us at a time we least expect it and perhaps even become worse than what we initially experienced. With that in mind, we may even find ourselves going back to square one, maybe even back to nothing as far as alternative measures are concerned.