Excuse me for not doing cartwheels over gasoline prices dropping to $1.87 a gallon.
This is bad news for a nation of immediate-gratification consumers and attention-span-challenged policy leaders. It means we can expect renewed American demand for big, thirsty vehicles that have no appeal anywhere else in the world, and waning interest in bold steps to reduce our nation's dependence on imported oil.
I worry about this despite the fact that cheap gasoline, on a personal level, has a decidedly positive immediate impact on the Walsh family budget. I drive a 25-m.p.g. sedan 25,000-30,000 miles a year, so a drop from $3 to $2 a gallon leaves an extra $1,000 a year in my pocket.
So why worry?
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