Article

2018-12-22 Economy

[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 2018-12-22 09:55|| || Front Page|| [11136 views ] Top

#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|| 2018-12-22 10:10|| Front Page Top

#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|| 2018-12-22 12:14|| Front Page Top

#3 I blame Peak Oil.

Posted by BrerRabbit 2018-12-22 12:15|| 2018-12-22 12:15|| Front Page Top

#4 Peak oil...LOL. (Gold bugs a close 2nd.)

Posted by Clem 2018-12-22 12:29|| 2018-12-22 12:29|| Front Page Top

#5 $2.86 in Rocklin CA.

Posted by Sgt. D.T. 2018-12-22 13:31|| 2018-12-22 13:31|| Front Page Top

#6 $2.12 in Daytona Beach

Posted by M. Murcek 2018-12-22 13:59|| 2018-12-22 13:59|| Front Page Top

#7 And approximately 51 cents per gallon is federal and state taxes. Filler up!,

Posted by Airandee 2018-12-22 14:54|| 2018-12-22 14:54|| Front Page Top

#8 Unless you live in CA, obviously.

Posted by gorb 2018-12-22 19:07|| 2018-12-22 19:07|| Front Page Top

#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|| 2018-12-22 21:05|| Front Page Top

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