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