I see what happens when Saudi Arabia (our Arab buddies) drops the price of crude 60%.

.

Isn't this the principle of free enterprise that so, so many want? Or does it depend on the ownership of a gored ox?

Has anyone thought that the more successful the non gas (Oil) related technologies in replacing it the cheaper the prices get?

Oil prices are not directly related to supply/demand as the commodity market and futures have more effect on the prices than the S/D chart would suggest.

With oil prices just above $52 a barrel today, AAA is reporting that American consumers could save 75 billion dollars in 2015, if prices remain low.

I wonder what the consumer would do with that money?
My hope is to save the heck out of it for a rainy day that WILL certainly come.

The low gas prices will make the break even point for the expensive ecars much longer.
So, if the oil price stays low for a while, we can kiss the ecars goodbye.

Cheap now....

Gas around TV
 

We were shocked to return to TV today and see how high gas was compared to Ohio on down through GA.:swear:

Oil falls below $50 a barrel for the first time since April 2009


The price of a barrel of crude oil dropped below $50 today for the first time since April 2009.

I hope people don't go back to gas guzzlers.

Will the suburbs, so far from work, regain their popularity? Will the price of these homes also go up? Does this also mean more roads or widening roads?

I heard on NPR a week or two ago that trucking companies are doing very well and investing in new trucks.

The airlines don't seem to be dropping their prices. Cruises are.

I expect a lot more people will be going on a vacation far from home this summer too. That's good news too for a lot of people and businesses.

Reducing transportation costs puts money in the pockets of most Americans. That's good too.

If "they" are smart, they will keep the current mpg quotas that car manufacturers are held to now.

I doubt there will be a rush to the suburbs (not trendy and too far of a commute on congested roads), but historically when gas prices go down, sales of gas guzzlers go up. It's already happening...

Gas hits $2.67 a gallon and America celebrates by buying gas-thirsty SUVs and trucks | Money | The Guardian

The RV industry is going into overtime. People have short memories when it comes to gasoline prices.

We Just came back from up North
 

Why are our gas prices so high here?

We Just came back from up North
 

Why are our gas prices so high here?

We have no refineries in FL and gas pipelines are not close. Fuel has to be trucked in.