Wednesday, December 10, 2008
Nothing Pittsburgh specific, but it was 10 years ago today that oil was at a recent low of $10.82/bbl, just a tad below the high a few months ago over $140/bbl. The lowest gas prices in Pittsburgh are now at $1.75/gallon. Reminds me of a post long ago on the economics of fuelperks. Soon we will be at a price where fuelperks will make gas seem to be veritably free for some folks. Certainly percentage-wise, those fuelperks discounts are now proportionally a bigger part of the price of gas than they have been in many years. There is probably some marketing research out there that gives some insight into whether that matters at all.