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Irene May Cause Gas Prices To Drop

Photo by Joe Raedle,Getty Images

Yes, you read that right. I was rather perplexed when I heard that this morning too. Basic instincts would to be to imagine higher gas prices after a natural disaster. But they say no. Gas is priced to supply and demand. And due to the fact that hardly any gasoline was used for any airline flights or for travelling via automobiles for a few days that the price will actually go down, and especially in the Northeast.

This puts a whole new spin on those chain emails that come around every now and again. You know the ones that recommend we all boycott buying gas for one particular day to make some sort of statement. To me, that idea always sounded moronic. But if the price really does go down from the effects of Irene, maybe I’ll give that email a try next time it comes around.

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