Gas prices... we've beaten this topic to death

I was watching the today show (not as great after the loss of Katie, but still informational) and they had an analyst on, talking about gas prices... He said that we may be reaching a point where the high prices will start to affect demand. If the price rises to a certain price, there will be a breaking point where americans will actually lower thier gas usage. Matt made the point that although demand will drop here in the US, other countries will continue to pay the higher price, so oil industries may not drop thier prices. It seems as if when ever we see light at the end of the tunnel, somebody turns off the sun... if you get my drift.

5, 5 dollar, 5 dollar footlong!!!!

So im sure we have all heard the catchy commericals for Subway's 5 dollar foot longs.... Well i recently saw a 5 dollar foot long commercial for quiznos!! those copycats... I thought this was a good example of competition. I think that Subway and Quiznos are monopolistic competitors... and as Subway dropped thier price for a foot long.. quiznos was forced to drop thiers as well because the market demand dropped to 5 dollars. This is the idea of how competition is good for consumers because it raises thier consumer surplus... i now wonder if 5 dollar foot longs will become the norm...