(AP) The price of oil fell to its lowest level in two months on Wednesday as evidence builds that the high cost of gasoline and other fuels is sapping demand. New data from the Energy Department show that fuel consumption over the past month declined by almost 3 percent compared with last year. Analysts attributed the trend to soaring pump prices and a slowdown in economic activity, particularly among Gulf Coast states that were affected by Hurricanes Katrina and Rita.

Yet I haven’t seen pump prices fall? Could this mean that we need more refineries, but not more drilling right now? I think Republicans need to quit pushing for new drilling sites (which serves as nothing more than commercial interests for their base), and push for quicker refinery construction.