Monday, February 22, 2016

Gasoline update

I wrote a few days ago about the price of gasoline, so I will not rehash what I wrote. I just want to add that the price keeps falling here in California. I paid $2.08 a gallon yesterday. Prices have not been this low since the great recession in 2008-2009. If the price continues to fall it might go below $2, which would be awesome for me. Unfortunately it is more bad news for the energy sector. If this is not an indicator that we are in a recession, I have no idea what else it could mean. How else could we have gas so low unless demand has dropped of as a result of an economic slow down? In the mean time, I will enjoy the savings at the pump.

What do you think?