>How To Lower Gas Prices

>This story at the Los Angeles Times tells us how:

Gasoline prices fall in California, U.S. as demand drops

By Ronald D. White, Los Angeles Times Staff Writer
July 22, 2008

Worries that Tropical Storm Dolly could become a hurricane that might threaten the Gulf of Mexico sent crude oil prices past $131 a barrel Monday after big losses last week.

Meanwhile, gasoline prices retreated nationally and in California, the Energy Department said. Analysts attributed the decline primarily to lower demand.

[…]

Last week, worries that a weakening economy would further slow demand sent oil down more than $16 a barrel, the biggest weekly decline ever in dollar terms.

At the nation’s gas pumps, a gallon of self-serve regular dropped 4.9 cents to an average of $4.064, according to the Energy Department’s weekly survey of filling stations. The U.S. average was $1.106 lower at this time last year.

Wow, isn’t that interesting. Decreased demand–something we can achieve through simple conservation measures like parking the Hummer in favor of a Prius, car pooling, public transportation, etc.–has lowered gas and oil prices.

And we didn’t have to drill one drop. Or build one new refinery.

Amazing.

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