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As I was driving back from New Haven, I witnessed $1.95 gas. I haven’t seen gas this cheap in, well I can’t remember when. It realy feel good filling up my tank with $35 instead of $70.
Oil prices are now down to $49.55 a barrell, down from the summer high of around $147.00. That is so incredible for me. Just as the housing and credit bubbles have burst, so has the gas bubble. These prices have such a trickle down effect that it will end up effecting everything we as consumers come in contact with. Milk to snickers bars and everything in between should be lower because it won’t cost as much to ship them.
Hopefully now my McDonald’s double cheeseburger will go back to $1.00…
