Monday, November 17, 2008

♥gas price post♥

Using the new gas price, 2.2o, it would cost around 55 dollars to fill up my tank. I would pay 14.75 less than I would one month ago. The lowest local gas price that I found in Lake County is 1.69 at a Marathon in Mentor, Ohio.

One thing I learned from this article is that one of the reasons for the dropping of gas prices is because we are going to go into a recession. I also learned that the declining oil prices might be the only thing giving/saving people money. Another thing I learned is that every time the price of oil drops $1, U.S. consumers save around $1 billion dollars. I think that it is really interesting that the last time oil prices collapsed like this and stayed down was in the early 1980's. It seemed very unlikely for this to happen at this time. I have learned many things from this article.




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