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| Economy |
| The Miracle of $2 Gas Prices |
| 2018-12-22 |
| [Investor's Business Daily] Economics: What seemed like an impossibility just a few years ago is now a reality for many across the country: gasoline that costs less than $2 a gallon. It's amazing for many reasons. USA Today reports that almost one in five gas stations in the country are charging less than $2 a gallon. As many as eight states could soon have an average price of under $2, the paper said, citing data from GasBuddy. The national average for gasoline last week was under $2.40, according to the Department of Energy. In the Midwest and the Gulf Coast, it's barely above $2. $2 A GALLON IN CONTEXT Let's put that in some context. First, there was a time not too long ago when President Obama insisted that $2-a-gallon gas was a thing of the past. "We can't just drill our way to lower gas prices," was his constant refrain. Earlier this year, Democrats made hay when gas prices neared $3 a gallon. Senate Minority leader Chuck Schumer blamed "President Trump's reckless decision to pull out of the Iran deal." He said it caused "soaring gas prices, something we know disproportionately hurts middle- and lower-income people." |
| Posted by:Besoeker |
| #9 I paid a $1.75 a gallon today, at Costco in South Fort Worth. I've seen it a bit lower here and there. |
| Posted by: Knuckles Phager3497 2018-12-22 21:05 |
| #8 Unless you live in CA, obviously. |
| Posted by: gorb 2018-12-22 19:07 |
| #7 And approximately 51 cents per gallon is federal and state taxes. Filler up!, |
| Posted by: Airandee 2018-12-22 14:54 |
| #6 $2.12 in Daytona Beach |
| Posted by: M. Murcek 2018-12-22 13:59 |
| #5 $2.86 in Rocklin CA. |
| Posted by: Sgt. D.T. 2018-12-22 13:31 |
| #4 Peak oil...LOL. (Gold bugs a close 2nd.) |
| Posted by: Clem 2018-12-22 12:29 |
| #3 I blame Peak Oil. |
| Posted by: BrerRabbit 2018-12-22 12:15 |
| #2 Gas is $1.73 in my part of Texas. Funny how things work once you get the enviro-wackos out of the way. |
| Posted by: Injun Bucket8891 2018-12-22 12:14 |
| #1 So, it's worth examining assertions and outcomes: "You can keep your doctor." - Turns out, no, not so much. "We can't drill our way out of this." - Turns out we sort of can. "Ignoring malcontent students in public schools will lead to more justice." - Tell it to Parkland. "We have to be at war, everywhere, all the time, forever." - Outcome not yet announced, but some already have their minds made up and they will freely call you an idiot if you don't agree... |
| Posted by: M. Murcek 2018-12-22 10:10 |