September 25, 2014

THE ELECTION CAN'T COME SOON ENOUGH:

Lower crude oil prices, sliding autumn demand could send gas below $3 a gallon in many states (JONATHAN FAHEY, 9/25/14, AP)

The price of a gallon of gasoline may soon start with a "2'' across much the country.

Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline price of less than $3 a gallon.

The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. Several other cities are on the brink.

Getting gas down into the low $2's could be exactly the sort of reverse 9-11 we've needed for years now to snap us out of what are purely psychological doldrums.  
Posted by at September 25, 2014 4:36 PM
  

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