Due to a series of unforced errors on the part of certain leaders in the federal government, gas prices have gone absolutely bonkers. Where about a year and a half ago I was paying around $2.90 a gallon in my neck of the woods, last night I paid $4.50 a gallon to fill up. It’s madness. If you see anything sub four dollars, it feels like you’re having a hallucination. Now imagine what it must have been like for folks at one Georgia intersection who saw gas at 97 cents a gallon.
According to reports from WJCL-22, a grudge match erupted on Marietta Street in Powder Springs between rival Amoco and Sunoco gas stations. Amoco management followed a strict policy of keeping its fuel five cents cheaper than the competition. Sunoco matched every price cut.
Drivers Went Wild After a Gas Station Price War Sent Prices Below $1
What followed was a petty race to the bottom that represents the true promise of American capitalism, the one that never quite came to fruition. People formed huge lines at both stations as prices went from $2.54 to $1.44 to $1.39 to eventually below a dollar, bottoming out at $0.97 per gallon. For context, Georgia state average gas price is somewhere at $3.77, while the national average, according to AAA at the time of writing, is $4.27 a gallon…