Gasoline Prices Continue to Free Fall

There's one place that nearly ever voter will visit many times in the next two months - the gas pump. Chances are with each visit, the damage to their pocketbook will be less and less:

Gasoline prices continue to tumble, almost free-falling toward levels not seen in five months.

The nationwide average for regular was $2.618 a gallon, the Energy Information Administration reported Monday. That was 10.9 cents lower than a week earlier.

"The reason prices are going down so far so fast is that they shouldn't have been that high in the first place. Two reasons they were: fear and speculation," says Mike O'Connor, president of the Virginia Petroleum, Convenience and Grocery Association. It represents gasoline distributors who operate about 4,000 stations.

O'Connor says $2 gasoline "is more likely than unlikely" if the Gulf of Mexico isn't hit by hurricanes and if there isn't a flare-up of tensions in oil-producing regions.

Earlier this summer Chuck Schumer had this to say:

“High gas prices are going to be the final nail in the GOP’s coffin this election year.”

Oops. Good news for America is bad news for Dems. Just like always.