You win, Nick, but it is down to $2.28 here in Montana.
All of the local stations are within a penny of each other, price-wise. But I live in a small town.
I talked to a guy who owned a gas station and he told me that he only made a couple of pennies a gallon. The rest went to the supplier, who didn't get much either. Most of it went to the oil companies.
I know I don't know anything about economic realities when I try to figure out the falling prices. I read somewhere recently that the oil companies and lost 60 billion dollars by the time gas fell to $3.00 a gallon six weeks or so ago. Somewhere alone the line I would think collusion would come in to the picture, as companies agreed not to get too carried away lowering prices. But it doesn't, I guess.
And the oversupply? Just quit pumping so much out of the ground, if all it is going to get you is lower prices. Its not like demand for the stuff is ever going to go away. Work less, make more. Isn't that the American way?
In the meantime, we'll all drive more, more people will die in auto accidents, and we'll pollute more, overall, than we were doing. That too is the American way.