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Author	Topic: Gas prices are silver lining as economy weakens	Post a Reply Back to Topics

angel4me Champion Author San Jose Posts:2,814 Points:793,045 Joined:Dec 2010	Message Posted: Jun 2, 2012 1:21:02 AM Ignore angel4me Report Abuse There's some good news behind the discouraging headlines on the economy: Gas is getting cheaper. It's dropped to $2.99 in some areas of South Carolina and could soon fall below $3 in a handful of Southern states. A plunge in oil prices has knocked more than 30 cents off the price of a gallon of gas in most parts of the U.S. since early April. The national average is now $3.61. Experts say it could drop to at least $3.40 before Labor Day. If Americans spend less filing their tanks, they'll have more money for discretionary purchases. The downside? Lower oil and gas prices are symptoms of weakening economic conditions in the U.S. and around the globe. On Friday, oil plunged nearly 4 percent as a bleak report on U.S. job growth heightened worries about a slowing global economy and waning Visit Bloomberg for full article

angel4me

Champion Author
San Jose

Posts:2,814
Points:793,045
Joined:Dec 2010

Message Posted: Jun 2, 2012 1:21:02 AM

Ignore angel4me Report Abuse

There's some good news behind the discouraging headlines on the economy: Gas is getting cheaper. It's dropped to $2.99 in some areas of South Carolina and could soon fall below $3 in a handful of Southern states.

A plunge in oil prices has knocked more than 30 cents off the price of a gallon of gas in most parts of the U.S. since early April. The national average is now $3.61. Experts say it could drop to at least $3.40 before Labor Day.

If Americans spend less filing their tanks, they'll have more money for discretionary purchases. The downside? Lower oil and gas prices are symptoms of weakening economic conditions in the U.S. and around the globe.

On Friday, oil plunged nearly 4 percent as a bleak report on U.S. job growth heightened worries about a slowing global economy and waning
Visit Bloomberg for full article

REPLIES (newest first)Ignore Short Messages

jrs4125 Champion Author Indiana Posts:2,738 Points:587,745 Joined:Sep 2011	Message Posted: Jun 3, 2012 4:06:17 PM Ignore jrs4125 Report Abuse Prices at the pump are still higher than earlier this year.
TruthMatters Champion Author New Jersey Posts:2,510 Points:530,435 Joined:Oct 2011	Message Posted: Jun 2, 2012 6:52:29 PM Ignore TruthMatters Report Abuse Repost from yesterday
Night Owl Champion Author Toronto Posts:7,530 Points:1,782,600 Joined:Jul 2004	Message Posted: Jun 2, 2012 10:42:23 AM Ignore Night Owl Report Abuse Gas prices need to keep falling.
gandalfthegrey1 Champion Author Houston Posts:1,184 Points:384,685 Joined:Feb 2011	Message Posted: Jun 2, 2012 9:29:10 AM Ignore gandalfthegrey1 Report Abuse Cheaper gas may be a red flag for some; a checkered flag for others. Either way oil is not the reason our economy sucks.
gs7101 Champion Author San Antonio Posts:5,503 Points:386,920 Joined:Jun 2009	Message Posted: Jun 2, 2012 7:56:41 AM Ignore gs7101 Report Abuse I don't believe in silver linings -- they don't pay bills!
orphancarguyPE Champion Author PEI Posts:3,821 Points:730,015 Joined:Jan 2011	Message Posted: Jun 2, 2012 7:55:08 AM Ignore orphancarguyPE Report Abuse "I had a hand amputated. Now I save 50% on glove purchases! Yippee!!!" Silver lining? Hardly! You know you would be much better off if the economy was so darn red hot that gasoline was $5.50 a gallon--you could go out and buy that nice 54.5 mpg car right now, likely by just writing a check. THAT would offset the cost better than driving a guzzler and dreaming of the old days at $1.00 a gallon. Quite often people don't think the important things through...
brbaritone Champion Author Virginia Posts:2,058 Points:1,694,260 Joined:Jan 2007	Message Posted: Jun 2, 2012 7:49:23 AM Ignore brbaritone Report Abuse The increase in gas prices had reduced the amount of our economic recovery. Now, the decrease in gas prices is reducing the effects of our economic slowdown.
BBopp Champion Author Dayton Posts:6,824 Points:1,935,430 Joined:Dec 2006	Message Posted: Jun 2, 2012 6:56:00 AM Ignore BBopp Report Abuse We are in the $3.50 range. I would like to see prices below $2.00, yes I'm dreaming.
cheap59 Champion Author Michigan Posts:4,240 Points:959,270 Joined:May 2010	Message Posted: Jun 2, 2012 6:50:34 AM Ignore cheap59 Report Abuse Good for tourism.
07skydriver Champion Author Ohio Posts:3,243 Points:979,165 Joined:Feb 2009	Message Posted: Jun 2, 2012 6:25:59 AM Ignore 07skydriver Report Abuse Just stay home.
TRYWI All-Star Author Appleton Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: Jun 2, 2012 6:07:45 AM Ignore TRYWI Report Abuse okay
wrunner Champion Author Virginia Posts:4,425 Points:1,132,585 Joined:Dec 2009	Message Posted: Jun 2, 2012 6:07:04 AM Ignore wrunner Report Abuse As it should. Everybody needs a much needed gas price break.
pepinoNC Champion Author Raleigh Posts:2,133 Points:654,790 Joined:May 2011	Message Posted: Jun 2, 2012 5:25:44 AM Ignore pepinoNC Report Abuse Steadily dropping here.
amerk73 Champion Author Dallas Posts:7,029 Points:1,617,060 Joined:Oct 2008	Message Posted: Jun 2, 2012 5:21:45 AM Ignore amerk73 Report Abuse here $3.25
OTISFL Champion Author Pensacola Posts:4,590 Points:861,815 Joined:Apr 2009	Message Posted: Jun 2, 2012 4:19:26 AM Ignore OTISFL Report Abuse SLOWLY dropping here---up & down by 1 or 2 cents daily.
babyjudy Champion Author Tucson Posts:2,711 Points:557,735 Joined:Sep 2011	Message Posted: Jun 2, 2012 4:15:38 AM Ignore babyjudy Report Abuse The price of diesel fuel is dropping in Tucson, AZ.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Jun 2, 2012 4:15:32 AM Ignore LEGION57 Report Abuse Oh well, gas at 2.98 now!
wally52 Champion Author Little Rock Posts:27,403 Points:810,510 Joined:Jan 2011	Message Posted: Jun 2, 2012 4:11:11 AM Ignore wally52 Report Abuse Prices are going up here
humblepie Champion Author Toledo Posts:34,064 Points:2,367,370 Joined:Mar 2006	Message Posted: Jun 2, 2012 4:04:53 AM Ignore humblepie Report Abuse another $2 a gallon drop would be a siver lining this is lead lined underwear ..............
NedW Champion Author Indianapolis Posts:5,594 Points:1,138,245 Joined:Mar 2008	Message Posted: Jun 2, 2012 3:57:54 AM Ignore NedW Report Abuse Higher demand because of an economy on the rebound would be much better news.
trinda1 Champion Author Fort Worth Posts:2,011 Points:544,795 Joined:Dec 2010	Message Posted: Jun 2, 2012 3:55:42 AM Ignore trinda1 Report Abuse Ce on down
MN1 Champion Author Twin Cities Posts:3,339 Points:646,590 Joined:Jun 2011	Message Posted: Jun 2, 2012 3:40:22 AM Ignore MN1 Report Abuse Under 2/gallon is a silver lining.
ziyulu Champion Author Oklahoma City Posts:8,479 Points:1,598,875 Joined:Aug 2007	Message Posted: Jun 2, 2012 3:25:05 AM Ignore ziyulu Report Abuse Why is it still over $3.40 at many stations in Austin?
OHMS Champion Author Orange County Posts:13,696 Points:1,687,875 Joined:May 2005	Message Posted: Jun 2, 2012 3:22:23 AM Ignore OHMS Report Abuse less driving to the unemployment lines?
TripleHs Champion Author Austin Posts:3,355 Points:915,140 Joined:Oct 2009	Message Posted: Jun 2, 2012 2:22:37 AM Ignore TripleHs Report Abuse keep falling
APlus Champion Author San Antonio Posts:3,898 Points:987,445 Joined:Apr 2007	Message Posted: Jun 2, 2012 2:10:00 AM Ignore APlus Report Abuse Only when gas is less than $2 a gallon nationwide average - have prices gone down much.
ScottTee Champion Author Detroit Posts:4,371 Points:1,059,695 Joined:Mar 2010	Message Posted: Jun 2, 2012 1:59:03 AM Ignore ScottTee Report Abuse silver for many...
pumaMN Champion Author Minnesota Posts:1,543 Points:334,215 Joined:Aug 2011	Message Posted: Jun 2, 2012 1:41:39 AM Ignore pumaMN Report Abuse too high
pumaMN Champion Author Minnesota Posts:1,543 Points:334,215 Joined:Aug 2011	Message Posted: Jun 2, 2012 1:39:39 AM Ignore pumaMN Report Abuse it to high
bojiway1 Champion Author Minnesota Posts:2,024 Points:474,060 Joined:Dec 2011	Message Posted: Jun 2, 2012 1:33:52 AM Ignore bojiway1 Report Abuse Ok
hogfan24 Champion Author Arkansas Posts:1,961 Points:498,225 Joined:Dec 2011	Message Posted: Jun 2, 2012 1:32:04 AM Ignore hogfan24 Report Abuse Ok
1momsunshine Champion Author Ottawa Posts:5,475 Points:997,555 Joined:Mar 2010	Message Posted: Jun 2, 2012 1:27:22 AM Ignore 1momsunshine Report Abuse ok