That was the price at which I filled the car in Mill Valley, California yesterday. Having spent the summer driving 14000 miles around the country with gas prices sometimes higher than $4 and almost never lower than $3, this was an opportunity not to be skipped.
The lower gas prices are good news for those of us who depend on cars. If lower prices allow us to drive more, it will be bad news for the planet as we increase our carbon emissions.
Paul Krugman points to collateral damage from the apparent oil glut:
So sorry, all you Texas politicians who want to run for President. Will Mr. Cruz and Mr. Perry start calling for restricting oil production in order to claim their state represents a permanent economic paradise? Could happen -- that's what Saudi rulers do. Extraction industry plutocrats seem to display similar family traits.