Gas Prices

[1320racer]

I'm in Pa most every weekend and gas prices have dropped there too.

Cheaper gas means more travel/road trips whether yu are a racer or not.

[Another Friendly Racer]

I don't think it is reasonable to suggest oil may be $138 come spring. You probably won't see oil above $100 per barrel for many, many years now that opec can't artificially adjust the price since they no longer control enough of the supply percentage to do so. Many top oil ceo's outline that they are preparing for another 25% drop off.

[MR DERBY CITY]

It sure won't hurt. Gasoline here in the Derby City is 1.78 and I am loving it.

[Nitro Joe Jackson]

$1.62 in Edmond, OK
today

[Greenlight]

There is a down side to the lower gas/diesel prices.

Over 250,000 layoffs in the oil and gas industry thus far in 2015, with predictions that the total number will be 500,000 total layoffs within the next 6 months.

http://www.theoilandgasyear.com/news...since-january/

Each of those US jobs result in a net reduction in tax revenue of about $20k (including the taxes that their employer was paying).

http://www.usdebtclock.org/

Someone (the remaining employed, who are not in the 160,000,000 US citizens getting government assistance) will have to catch up their slack and:

1) Pay the taxes lost by these now unemployed (and the tax revenue not paid by their former employers).
2) Pay unemployment benefits to those who lost their jobs.


There is no free lunch.

[GTX JOHN]

I am not a Economist............However, the $500.00 to $1000.00 we save in our business from gas prices goes right into what we spend every month as we sure do not save much at all.

I remember from college econ that their is a "Multiplier Effect" probably five times. The person I spend the money with will spend it with somebody else
and so on down the line. This keeps expanding our economy!

[Christopher Stewart]

I believe those laid off oil workers are probably working in other places, not just sitting around waiting.

[Philip Saran]

Gas is $1.76 a gallon & diesel is $2.18 here in Parker CO

Will the lower prices help me travel more or less?? My motorhome gets
7 MPG, lower prices help, but we will travel when we want to.

When we lived in SOCAL and diesel was $5.00 a gallon we still traveled,
maybe not as far as we might have liked.

[Superfan1]

Regular is $2.14 here in Bridgeport, CT.

[Tom P]

You Boulderites and Las Vegans are getting ripped off John.
I drove to Las Vegas a couple weeks ago , the highest price the whole trip was in Las Vegas area, once you are out in the middle of nowhere on the way up to Wells it was much cheaper, like 40 cents cheaper in Ely and certainly transportation costs there are more.

Paid a whole dollar cheaper than Vegas in Twin Falls Idaho. Even far north Washington was 40 cents cheaper than Vegas.