WE WILL SEE

As nearly everyone knows economists and MSM of late have been raving about the benefit to consumers and to the economy from falling gasoline prices.

The recent 40 cent drop in price reportedly adds $40 billion to consumer pockets. Well, that's why those cliques about a bird in the hand being worth two in the bush or counting your chickens before they hatch may be old and trite but often still true.

According to the WSJ, the latest report on gasoline inventories showed a 1.4 million barrel drop in stock piles "to 201.8 million barrels, the EIA said." Analysts were expecting a decline of around 300,000 barrels.

Quoting one source, the WSJ said, "Gasoline is getting into a real red zone here. If we draw much more you could see a significant rally developing in gasoline prices."

Judging from the stations we monitor locally, prices have already started to tick up.