Harry Tran’s Daily 101

Housing News
Sex, Lies, and Subprime Mortgages
The former middle class
30 reasons why the Great Depression 2 is upon us
Who really owns that loan
Lincoln, Aegon May Buy S&Ls With `Unsafe’ Practices
Washington debates bailout

Gasoline News
So today I filled up my car with a special Safeway gasoline discount, it is a program that they have where for every $100 you spend on groceries, they’ll knock off $0.10 a gallon from your gas fill up when you use their gas station. So today I filled up my tank at $1.71 per gallon for regular gasoline. While the price of gas is heading down down and down, I am wondering if my habits will last. I know what will happen if I use more gasoline than if everyone decides to do the same thing, the price of gasoline will rise. But at the same time if I don’t use more gasoline, OPEC wants to regulate the supply of gasoline and artificially raise the price of gas too.

My question to OPEC is do they want to really do this to the consumer? In an age where we will hopefully change our source of energy away from oil, they are not building loyalty towards their product at all. After all I am a marketing major, and believe in maintaining customer loyalty by keeping your product fair and valuable.

This is absurd if I am paying $25 to go 350 miles, and by me deciding to be thrifty on my traveling, they’ll try and get me to pay $30 through supply regulations to go that same 350 miles, this will cause people to just demand more gasoline to keep prices stable.

What do you think? Have you kicked your driving habits due to the $4.00+ gasoline Summer?