Posted on 10/30/2014 5:31:05 AM PDT by Cruz_West_Paul2016
0bola will take credit for it. I pray I’m wrong but I seriously believe it will go through the roof after the election.
Less money spent of fuel will make transportation cheaper, meaning that businesses will be able to hire more people.
Lower gas means lower transportation costs means lower cost of goods and consumers have more money to spend.
Which means tens of billions of dollars won’t be going to the Opeckers.
I filled up a couple of weeks ago at $2.94.
Yesterday, I noticed the price had dropped to $2.77.
A year ago, the prices were in the $3.29 range.
San Antonio - $2.589 seen today (at a local $hitgas stop ‘n’ rob). $2.699 at Sam’s and Costco, plentiful $2.70s all over.
Its a pleasure to fill an almost empty tank and not have to ask my banker for a loan beforehand.
We all like to point out the low prices when he was elected, but gas was over $4/gal in June of 2008. Prices dropped when demand cratered as the economy went to hell before the election.
...and gas prices have dropped in the fall the past three years. It’s just more pronounced this fall.
Quite possibly, but I think a very small improvement, and probably not enough to counteract the existing destruction of our economy. OPEC will continue to lower its prices as the US imports the less expensive oil and lays off US oil workers and related jobs, but folks will have more disposable income that we spend in WalMart on cheap Chinese product, along with more fast food meals served. So retail, restaurant and transportation pick up. Manufacturing in this country is close to non-existent, but there may be some increases. Meanwhile OPEC still gets most of our money spent on fuel, though it be significantly less, it is still a very high margin.
I only burn 16 gallons of gasoline per week, so I may not be representative of the average American consumer in that respect, but $4 gas vs $2.50 gas in about $100 mo. freed up, so across the board spending can be shifted to show a significant increase in disposable spending, i.e. $500 mo. vs $400 mo. = 20%.
OK. I concur. Any improvement can be a good thing.
“lays off US oil workers and related jobs”
quite the opposite is happening
The gas prices are due to the strong dollar. Someone ie (our govmint) is pushing up the dollar and THIS is why we have cheap gas. After the elections the price of gas will go back up. If we do take the senate gas will be $4.00 for the 2016 elections because of the evil Republicans taking care of there oil friends.
Book it.
Stronger dollar? Hardly. Our money supply continues to expand to the tune of $20 billion per week. The dollar is getting weaker - not stronger.
I do believe you are correct and if I am not mistaken, the tax is automatically going to rise again in 2015.
Do they love it enough to vote Democrat?
We’ll see.
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