Plummeting Gas Prices
So if there’s one good thing about the weakening of the US economy right now is this, gas prices are going down, down, down. Imagine it goes down to 3 cents every day???
The other day, my husband went out early morning to get gas, price was 2.87 dollars a gallon, when we passed by the same gas station that same day after work, it was already down to 2.83 dollars, that’s four cents less than the early morning price my husband paid for, right?
Frankly, I have mixed feelings about the plummeting gas prices. I feel a bit relieved that buying gas is not as expensive as before but on the other hand, I feel like something’s amiss here, like something’s fishy or something’s terribly wrong or will go wrong. Is it really just the supply and demand factor why gas prices are going down? Is there more supply these days due to the fact a lot of people got laid off, so they are spending less on gas, they travel less these days?
I feel there’s more to it than just that reason, I feel that there’s an impending doom looming ahead.
Okay, maybe I am just getting too paranoid, I hope that is just that, nothing else.
this is my opinion.
i believe there is oversupply but with lesser demand due to the weakening US economy, prices tend to go down.
now with the move of the Obama administration into the lesser dependence on imported fuel, the impending green evolution that triggers to develop more fuel efficient cars, these are sickening the future demand of imported fuel. this is also putting the pressure on the Big 3 car makers to put into the drawing board ASAP those hybrid, fuel efficient cars. also the consumers are being pre-conditioned that in the future they will have to buy those cars. but changes takes a long while to take effect. the lower gas prices today give opportunities for big industries to accumulate more now. i believe the gas prices will have it’s final blow (increase one more time) before it will finally settle down in time for the major changes that have been implemented. this of course to let the industries who accumulated inventory when the prices were lower to gain. we on the consumer side just rides with the tides. that’s how the US economy is being managed. the market is always right.this is a pre-conditioning stage of the market.