Sunday, October 22, 2006

South Florida gas report

Yesterday's cover of the South-Florida Sun-Sentinel featured an article titled, "For now, panel shows commuters enjoy a break from high gas prices." The Sun-Sentinel has a gas panel compiled of 20 residents of Broward and Palm Beach County. They look for deals at gas stations and carpool to save money on fuel.

While lower gas prices are a relief, many people the Sun-Sentinel talked to aren't going to drastically change their spending habits. Lower prices are helping business owners like Mickie Donan who told the Sun-Sentinel, "Every little bit helps and these prices make an expansion more doable." Donan had planned an expansion for her coffee catering company which was hindered because of the price of gas.

Many people expect gas prices to rise after elections, closer to the holidays. Tony Murguia told the Sun-Sentinel, "This is like a temporary Band-Aid." This is a great way to describe a commodity such as petroleum that relies on the political climate for its prices: temporary.

Conflict in the Middle East and the upcoming elections are reasons why we cannot expect these low prices we are witnessing now to continue.

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