Recognizing that households of working families have 2 drivers each... any discussion that fails to recognize that even Obama's claim that a 'typical" savings of <$30.00 is actually more like a savings of $60.00 for a household is unrealistic.
Not even counting those individuals who have to fill up more than once a week.
Being the daughter of a petroleum engineer, I'm quite familiar with how refineries work, how the market works and the various (mostly specious) arguments from market traders in the 'macro economic" sense.
Since I've seen the same garbage (verbatim I believe) from various Milton Friedmanesque economists (you should paraphrase if you don't use direct attribution rather than plagarize), perhaps you should consider the micro economics of REAL life in middle America.
who had to go to a mule drawn plow because of the cost of gas. He had changed half his farm to grass for grazing instead of wheat (which it had been) to reflect the increased labor and longer hours needed with the mules to plow the fields...
The CNN anchors were yukking it up like it was such a cute, provincial human interest story. I felt like crying in my cereal... Truly. This middle aged weathered man who probably hails from generations who worked the land-- using mules. In the most powerful country in the world in the 21st century... Disgraceful.
We have to remind ourselves it's not all about "us" when we talk about "consumers" and gas. Seems some of us are focusing far too narrowly.