Feb 7, 2016

Sunday Focus: Low Gas Prices are Sinking The Economy

The is the quintessential Good News/Bad News posting.

Look at the gas price in Montgomery on Saturday!



That's the lowest price since at least 2009:


     Last Fall there were predictions that gas would drop below $1.00 a gallon. Now that prediction is back, though they also predict a climb back up too.  
Jerry's Hand.
     The Bad News part of the equation is all of the layoffs in the oil business.
    TIME magazine has one of many stories on the topic.
   Oversupply is one of the issues. The U.S. is now producing so much oil there is a shortage of places to store it all.

[Sunday Focus is a regular feature of www.timlennox.com]

 

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