The Reconstruction

In response to Tim Haab’s question as to whether gas prices are becoming more volatile… I argue that it’s lower inventories at work:

CNN, on this breathtaking development: As gas goes up, driving goes down (CNN) — At a time when gas prices are at an all-time high, Americans have curtailed their driving at a historic rate. The Department of Transportation said figures from March show the steepest decrease in driving ever recorded. Tomorrow, a special report: “Fire [...]