I'm sure everyone has noticed (thankfully) the falling price of gasoline around the country. There are even places selling gas for less than $2 a gallon, something we haven't seen in I don't know how long. Sometime before Katrina, at least. Unlike others, I was fortunate that I never paid more than $3 a gallon (at least not in Texas), but most places were sitting right under it for a long time. Finally the summer season is almost over, which always means reduced prices for gas, as well as the relative stability of the supply right now. Oh, and I don't subscribe to the idea that this has anything to do with elections right now. I know Bush and Cheney and a bunch of others are oil guys, but I don't think that means they can manipulate the entire market like that.
Before we get too excited, though, the prices we're seeing now may already be the bottom of the slump. Energy prices tend to increase again in winter, and OPEC has decided to cut back on production. Despite that caveat however, people might be wondering why, if gas is always going to come back to acceptable prices (if $2.50 is an acceptable price), they should worry about things like hybrid cars or ethanol. Well, keep in mind two big factors: India and China. Demand in those countries is already starting to outstrip supply. You might say there's enough oil if we just found it. Is there? Most scientists don't believe that. And to that you might say that's not our problem. Except that it really is. You see, in case you hadn't heard we get our oil from a bunch of people who aren't friendly to us. The only reason they work with us is because for one, we're powerful enough to make them afraid of crossing us and for two, we're rich enough to make it worth their while. If either of those things change, expect to see more oil being earmarked for China and Indian (read my post about Venezuela's relations with China). And then watch as prices rise sky high.
Point being, don't get distracted and think the problem has gone away. It's a temporary remission. Besides which, we're still better off with fuels that don't pollute as much and don't make us dependent on third-world countries that don't like us. Ethanol, bio-diesel, methane powered plants, etc, etc. Keep demanding change.