Gas Sure Did Drop!
After reaching almost $150 barrel, oil has plummetted, down to the $60-$70 range. Some say oil may even fall below $50.
Unfortunately though, the reason oil has fallen so precipitously is because of the global economic slowdown. Everyone is cutting back spending and production, so oil is still falling.
At the very least, this means we all have to pay less at the tank. Of course, we have less money to begin with, so it’s a bit of a phyrric victory. Once the economic slowdown ends and things go back to normal, we will likely have to deal with higher gas prices.
Just because gas prices have fallen doesn’t take away the need to get better gas mileage. We sure don’t want to be caught unprepared again!