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Tuesday, January 20, 2015

$1.85 gas? The good and bad of the lower gas prices

    The Exxon gas station in Virginia caught me by surprise on a recent visit.  $1.85 gas price was something I had not seen in a long, long time.  Filling up for under $25 instead of $50 helps with splurging on a nice lunch. I am not sure where the price drop will go but we might as well enjoy it while it lasts.
     So where is the bad news with the gas prices?  The lower prices for gas make people buy more gas guzzling trucks and larger vehicles that make our efforts to reduce air pollutants a harder sell these days.  Amazingly shortsighted car buyers think that these prices will last long term.   Seems that  Saudi Arabia is trying to drive the rest of the world out of the oil business by undercutting the price.  Once they have accomplished that they will raise the prices.  Gaining back their market share of the world's oil is the game they are playing.
      This might be a good time to buy a hybrid as they are less in demand and maybe cheaper.

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