Gas Price Conspiracy

Those evil oil barons are conspiring to lower prices. I don't know how they're managing it, but it's evil I tell you. Pure evil. Actually, I do know how they're doing it. The end of summer, among other things, means less demand. Less demand means lower prices; just like more demand means higher prices. The law of supply and demand in action, as Pejman Yousefzadeh points out at TCS Daily. You can bet another major hurricane would bump 'em up again, but, if that happens, will the weather and reduced supply get the blame? No. Then it will be wicked price gougers who are forcing us to pay through the nose. In the meantime, I don't see many headlines declaring in big, bold letters how beneficent they're being at Chevron and ARCO as the prices come down. One nice side effect of the price tumble--less money lining the pockets of tyrannical regimes with oil reserves. Still, I wish those oil companies would stop being evil. There's just something un-American about lowering prices when supply warrants it. Evil. Pure Evil.