Crude oil is $86 today.... beginning of the end?

I got one better that I read this morning.

A government bailout of the energy sector. This board would up and lose its mind if that really happens.

 

How bout now?

 

Diesel was $2.65 in Joisey.

 

and you still have no more money than you did last month...

 

youre right the mainstream media does tend overplay the effects of cheap or expensive gas on consumers. Most people don't burn enough gas to amount to much of a big deal but they need a story to sensationalize.

Owner operators and commercial consumers of fossil fuels are the ones who really see their fortunes rise. Indirectly this can have further positive effects on retail consumers as well as the cost of producing and transporting finished goods drops.

 

Regular unleaded is $1.93 in Elk Grove Village and I am definitely feeling my wallet staying fatter each week. I hope this continues for many years!

 

My last gas on 12-30- 2014 cost me $1.889 per gal at Roadrunner east of State Line Exit at Texarkana.

 

only because you are not spending the money... your take home wages have not changed. Changing where you spend you dollars does NOT grow the total economy. Yes you feel better, and like you have more money, but the truth is nothing has changed, only who gets your dollars.

 

You're really reaching here trying to frame everything in terms of what benefits you most. Not rocket surgery, here.

He used to be able to buy 10 gallons of gas with $40.00. Now, he can buy 10 gallons of gas AND eat at Red Lobster. That makes him happy. That makes me happy, too. You know who else it makes happy? The waitress and the owner of Red Lobster, because they made another sale they wouldn't have made if he was buying your expensive gas. And, that money spent will keep working it's way through the economy as you keep mentioning.

Who will be unhappy? All the foreign oil producers whose products we are buying more cheaply. Well, them and you.

 

True but I'm a bad example