Gas Gauge: Could Prices Get Down to $2 a Gallon, One More Time?

There's a very good blog post on the Wall Street Journal website called "Driver's Side," and today's installment asks the musical question, "Will Gas Ever Be Cheap Again?"

Of course, it's not actually a musical question, but the answer, if you read between the lines, might be music to the ears of Geneva residents.

That musical answer, basically, is "yes."

Blogger Jonanthan Welsh points out that gas prices did go down in 2008, after spiking to a $4.11 nationwide average. In fact, the prices in those days kept going down and got into the $2 range (or below) by November.

Cynics and pessimists (like me) generally think that once prices go up, there's no chance they'll go down—the economic inverse to Newtonian law.  There will be seasonal fluctuations, but prices always will trend up. But cynics said gas prices would get up to $5 a gallon, too, and as Welsh points out, that never happened.

So who knows, maybe Geneva will see prices under $3 before the end of the year.

In the meantime, the price of gas went down 4 cents last week and down a penny this week. It's been quiet—as they say in a lot of old westerns and jungle movies, "almost ... too quiet."

That's the line that comes before the arrow flies, or the poison dart lands in someone's neck.