Posted on 12/05/2014 6:11:08 PM PST by Lorianne
The photo above isn't from the archives. It was taken this week in Oklahoma City, where the price of regular gas has fallen under $2 a gallon. The last time that happened anywhere in the U.S. was in July 2010.
The OnCue filling station is the first in the country to drop its price below the $2/gallon threshold.
While $1.99 is definitely an anomaly even in Oklahoma (Gasbuddy.com tells us the average for the state is $2.47), anyone who has filled up anytime in the past several weeks is aware of a pleasantly precipitous drop in pump prices. And fuel prices got much of the credit for putting more Thanksgiving travelers on the road (and in the air) than at any time since before the start of the Great Recession.
(Excerpt) Read more at npr.org ...
“Enjoy it while it lasts”
Why not? There isn’t a lot we can do when things go south.
Too bad hamburger meat isn’t following suit. :)
$2.89 in Oregon.
Long distribution haul from refineries.
Still 6.99 a gallon in bush Alaska.
The cost of groceries and most products went up when gas prices went up. Will the cost of groceries go down now that gas has become cheaper? I don’t think so!
” The gas and oil industry is the only major manufacturing portion of the economy, and those supporting it, sustaining the current economy. “
Energy is over 20% of our economy now. However, they are not “downsizing”. This is a battle between OPEC and fracking oil. Fracking is believed to need $75 a barrel, so OPEC dropped prices to try to force fracking companies out of the market. Expect a massive spike in prices once OPEC thinks they have done that.
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