Gas prices, online retail and internet searches

A. Gas prices reach $3 a gallon 🙂

B. Oil prices lower than ‘real’ value: Ahmadinejad

Iran’s president Mahmoud Ahmadinejad says crude prices, hovering close to $US100 a barrel, are still lower than the actual value.

“The pressure on the fossil energy (oil) market is not artificial and the price of this commodity is lower than its actual price,” Mr Ahmadinejad said before leaving Tehran for an summit of the Organisation of Petroleum Exporting Countries (OPEC) in Saudi Arabia.

C. Hitwise Intelligence reports a 6 fold increase in the share of US Internet searches for “gas prices”. Best searches and keywords: “lowest gas prices near you” and “cheap gas”. You should read the full post – very interesting.

D. Bill Tancer had another interesting analysis one year ago called “Dropping Gas Prices Fuel Online Retail Visits”. The effect of rising gas prices had quite a healthy impact not only online shopping visits but also on the environment (I might ad). Analyzing online human behavior from this perspective (gas consumption) is something all of us should think about in the next years and indeed this might be a great chance for the e-commerce/e-government all over the world 😉

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