If you haven’t noticed, gas prices are on their way down in recent weeks. While the media has taken note, the reasons behind the decrease are not obvious. That is why the upcoming panel discussion being held on May 30 (which Rio Grande Foundation president Paul Gessing will participate in) is so important (details and event invite here). You are encouraged to attend this free event!
At the Rio Grande Foundation, we have always stated clearly that gasoline prices are set largely by the marketplace with several additional factors impacting them. If there were a “vast conspiracy” on behalf of higher gas prices, they would be kept high all the time and would be far higher than they are. Enjoy lunch with us and find out more details not only on our perspective, but what one of the top national experts and several local ones have to say on the issue.
You can bet that gas prices will rise again some day and the conspiracy theorists will be there to blame “big oil” and point fingers (usually at the wrong parties).
[...] economic impact of oil and gas (and here) has been discussed in this space. Mining has not received as much attention. The [...]