It fell to $1.99 this week. (Oklahoma)
People complain it's going to hurt the economy, but when it's high they complain about the price.
I don't drive (which I should but I've got anxiety issues on working on) so it doesn't affect me.
Anyone who thinks low gas prices hurts the economy is nuts. Every economic boom over the past 3 generations (or more) has coincided with cheap fuel & every bad economy has coincided with high fuel. Every single time. What was the price of gas when we had that boom in the 90's? About a buck a gallon. Where was it when the housing bubble burst in 2008? 4 bucks. A $1 change in the price of gas has at least a $2,000 annual impact on the typical American family.
Now, sometimes cheap fuel can be the result of a bad economy, or it could be an indicator of a cooling economy. But NEVER, has it been the "cause" of a poor economy.
I agree. High fuel costs raise the price of EVERYTHING.
You name it: food, cars, airfare, laundry detergent, dishwashers, lawn mowers, cargo/freight, etc.
High gas prices raise the basic costs of businesses doing business. It can be crippling for small businesses.
It's only good for Exxon, Sunoco, etc. declaring record billion $ profits.
It was just as well that my dad's boat was totaled by Sandy. It cost $500+ to fill the tank so he was barely using it anymore.
I'm in Western NY and we are still sitting at $3.15. I doubt we will get below $3 before the prices start rising again.
We paid $2.52 at Costco in the Detroit suburbs yesterday. I can't remember the last time it was so low! And it's timely for us, we just bought a minivan in the last few months to accommodate our growing family. I hope it keeps up.
We just bought a small car to save on gas
It's probably still worth it! We went from 2 kids to 3 and with all the car seat requirements, all three kids won't fit in the back seat of a normal car. I really like the minivan, but the gas mileage is not ideal.
Paid $3.03 at BJs yesterday getting close.
It's a miracle!! The grocery store (Tops) near my house just lowered it to $2.97/gallon. That's according to www.gasbuddy.com, I haven't actually seen it in person to believe it.
Gee..... same here!
It's probably still worth it! We went from 2 kids to 3 and with all the car seat requirements, all three kids won't fit in the back seat of a normal car. I really like the minivan, but the gas mileage is not ideal.