Great News for Gas Consumers!

Down is good for gas consumers

      If you haven't noticed, you might want to get out and check gas prices. Prices have a hit a low that we haven't seen in a while, and for now it looks to continue going down. This is great news for those who drive their cars a lot, have long commutes to work or have gas guzzlers for vehicles. This unusual occurrence comes as a surprise, since typically the summer time is followed by gasoline spikes. I definitely don't hear any complaints from consumers in my part of the world. The above crude oil chart from www.stocktrains.com shows you how high oil prices affect the price of gasoline. If you look at the chart, in late April- early May, oil was up near $115 a barrel. This translated into gasoline prices over $4 per gallon. This is one commodity that people are rooting for it to go down. If it continues to drop it may put gasoline well under $3 per gallon. This unusual low in oil prices may be an opportunity for investors. It could be a smart buy...or is oil not a good investment in this economy? It could be worth looking in to.