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Post by Michael Downing on Dec 17, 2014 21:20:05 GMT -5
Good news or bad news. I guess it depends upon your perspective. Enjoy the savings to your wallet while you can. Take those extra dollars and put it towards preps cuz you're going to need them in the days ahead. givemeliberty01.com/2014/12/17/in-these-13-states-gas-is-selling-for-below-2-a-gallon/In These 13 States, Gas Is Selling for Below $2 a Gallon Just two weeks ago, a sole gas station in Oklahoma swept headlines for dropping gas prices below $2 a gallon. Today, 13 states have joined that list, and the trend is expanding. Gas for less than $1.90 a gallon can be found in at least one station in Oklahoma, Louisiana and Ohio, according to CNN. CNN cites 10 additional states– Alabama, Arizona, Colorado, Indiana, Mississippi, Missouri, Nebraska, New Mexico, Texas and Virginia– that now have gas below $2 a gallon. “What we’re seeing is markets at work,” Heritage Foundation economist Nick Loris said. “Significant increases in supply and a relatively weak demand is lowering prices not just at the pump, but for most of the goods and services we pay for.” The national average has dipped to $2.55 a gallon, marking the lowest drop since October 2009, according to AAA’s Fuel Gauge Report. Just a year ago, that average was $3.23. “Oil prices are plunging because there is so much oil in the market,” AAA spokesman Mark Jenkins said in a press release. “It’s unclear exactly how long this will continue, but gas prices will keep falling as long as oil prices do.” Jenkins said oil prices are predicted to continue dropping through the first half of next year, increasing the “likelihood of $2 gasoline.”
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Post by avordvet on Dec 18, 2014 4:51:47 GMT -5
Good news or bad news... Yup, oil is in a freefall and that is never good.
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