EclectEcon

I received a telephone message today from a journalist who said she was writing about rising gasoline prices around the world.

I didn't speak with her, but I wonder whether she was writing about the trend line over the past year or what. Surely she should be reading Econbrowser and The Knowledge Problem, two of the best sources available for economic analysis of energy.

In the short run, gasoline prices at my favourite station have plummeted from $1.30/litre to 82 cents per litre during the past two months. Now that is serious price "de-gouging".