REAL DEAL AUTO BLOG

A Bright Side to the Bad Economy? Gas Prices Could Go Down 50 Cents in a Few Weeks

Posted in Pictures, Video, Commercials, Media, Uncategorized by wolferadio11 on August 17, 2011

Good news and bad news here.  The good news:  Gas prices are about to start dropping like CRAZY.  They’re projected to drop by about 50 cents over the next few weeks. The bad news?  That’s a SERIOUS sign the world’s economy is still in big trouble, and that we could be headed for another global recession. Oil prices are going down quickly because of speculation that the economy . . . not just here, but around the world . . . is in for a long rough spot.  That will reduce the demand for oil and gas . . . both for cars and for manufacturing. James Williams of WTRG Economics says, quote, “Weak economies engender low oil prices [and show] the lack of confidence in a recovery and an increase in expectations of another recession.” Still . . . cheap gas, right?  The national average gas price has gone down from $3.70 to $3.62 already . . . and could be $3.25 in the next few weeks.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: