Hooray! Gasoline Prices Are Going Down

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Last night, while trying to keep my dinner down during 60 Minutes’ softball interview with CIA torturer Jose Rodriguez, I happened to notice during the commercial break that gasoline prices were down last week. I haven’t been paying a lot of attention to this lately, but it turns out that gas prices have been declining for the entire past month. Jared Bernstein has a question:

When gas prices were rising in March, I couldn’t turn around without being asked to explain why we shouldn’t blame the President for higher gas prices….But this month, with prices falling, I’ve yet to get one request to explain why the president should get credit for falling gas prices (answer: he shouldn’t).

This just goes to show the agenda-setting power of Fox News and the rest of the conservative megaphone. They don’t get all the credit, of course — it really is news when gasoline prices have gone up 20% since the beginning of the year — but they sure get a big chunk of it. When they’re screaming, the rest of the media follows along. When they stop, everyone else stops too. Remarkable.

POSTSCRIPT: And why are gasoline prices down? Because crude oil prices are down. Remember the rule of thumb that a $1 change in crude oil prices translates to a 2½-cent change in gasoline prices? Well, Brent crude is down about $4 this month, which translates into an 8-cent drop in the price of gasoline. And that’s roughly what we’ve seen.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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