Gas Prices Tumble Again; Gas is Cheap again!

Saturday, November 8, 2008 15:55

Gas prices are falling all over the country.  Here is just a sample of some of today’s headlines from different states:

Gas prices are dropping everywhere across the country, and it’s all due to the dropping price on oil due to recession fears.  The AP reports oil is down to $60/barrel, and they are attributing this to the decrease in demand for energy.  This seems to be a predictable side effect of a slowing economy.

Unemployment is up and retail sales are down, and these factors definitely impact the price of oil.  As oil prices come down, expect gas prices to continue to drop – some expect them under $2/gallon by the end of 2008.

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Posted in category Gas Economy, National Gas Prices
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