Gas Prices [We're in a freefall]

[carolcat]

here in town it's $2.41, but it's likely cheaper outside of town bc all the gas stations here have to go through one really rich family who i used to go to church with

[Ad Bot]

[tnatsissA]

This is very bad economy wise.

[Nonnel]

I saw $2.29

[Oasis]

Time to fill up the tank I guess.

[Georges]

This is very bad economy wise.

how so?

[The Magical Dunes]

More than 50% of gas prices are based on the tax levied against them (Sin-Taxes). If you live in a state with lower gas prices, chances are you also have lower taxes.

that's not what a sin tax is, and fuel taxes aren't THAT high, but uh... i guess you're correct that higher taxes mean higher prices.

[Nonnel]

how so?

people having more money to spend on things other than incredibly rich gas companies is obviously bad for the economy

[tnatsissA]

how so?

It's not natural for gas prices to fall this low this fast. It could signal a crash in the economy.

[Oasis]

It's not natural for gas prices to fall this low this fast. It could signal a crash in the economy.

What the forget are you talking about? lol

[#Ravencroft]

It's not natural for gas prices to fall this low this fast. It could signal a crash in the economy.

Have you ever taken an economics course or are you making stuff up? Lol

[tnatsissA]

Have you ever taken an economics course or are you making stuff up? Lol

What the forget are you talking about? lol

I need someone better in economics to explain this.
Guys, it may seems like it's good at first like, "Yay whoo hoo low gas prices loving everywhere", but seriously this isn't a good sign.

[Frankie²]

illuminati

[Trogtor]

I need someone better in economics to explain this.
Guys, it may seems like it's good at first like, "Yay whoo hoo low gas prices loving everywhere", but seriously this isn't a good sign.

only difference its making in the economy is that gas companies charge less and buyers pay less

[Greek2me]

This is geopolitics at work, and it'll end better for western countries than for Russia.

[Oasis]

I need someone better in economics to explain this.
Guys, it may seems like it's good at first like, "Yay whoo hoo low gas prices loving everywhere", but seriously this isn't a good sign.

No.

Gas prices are lower because there is more supply. Simple as that really.