After getting hammered over the weekend by the media, talk show hosts, and politicians, over high energy prices, President Bush ordered the EPA to once again suspend the federal clean-burning gasoline rules this summer. In addition, the President ordered a temporary halt of shipments to the Strategic Petroleum Reserves until fall. It remains to be seen if 'fall" means before the mid-term elections or after.

In reaction to the announcement, Crude Oil and Unleaded Gasoline prices began to "magically" soften, or at least stop going up. If, and how far energy prices fall from here is anybody's guess. My guess is prices may recede a little more, but with hurricane season is right around the corner, prices will probably firm up a little quicker than most would think.

Whether today's announcement is a little too late is left for the pundits to debate.