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Low Oil Prices: Is It Different This Time?

Low Oil Prices: Is It Different This Time?

Funny thing about that old saying “the more things change, the more they stay the same” when tagged to the recent global oil price crash and resultant fuel price decline in the U.S.: We’ve definitely been here before.

And it wasn’t too long ago, either.

I remember filling up my old green Jeep four-door Sport (I do miss that vehicle) for less than a $1 a gallon at one point in 1999.

Indeed, Ford Motor Co. got so confident that low oil prices – and thus low fuel prices – were becoming a permanent fixture of the economic landscape that it greenlighted its Excursion sport utility vehicle (SUV) behemoth.

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