- Oct 18, 2014
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With the recent crash in oil prices (http://data.cnbc.com/quotes/@CL.1/tab/2)--down by more than 50% in just eight months--we're paying the least for gas we have in more than five years (http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=3).
An otherwise significant plunge in oil prices globally is having an even more profound impact here in the US because of the huge strengthening in the US dollar.
I will readily admit I never expected to see gas for so little again in my life. National average is now $2.05 and many states are a good bit under $2. I bet we finish the end of this year higher than we are now, but who knows.
This isn't stopping a lot of people with very short memories from buying bigger vehicles: http://www.reviewjournal.com/busine...ne-prices-helping-spark-sales-bigger-vehicles I think the savvy buyer uses this opportunity to pick up a Prius.
An otherwise significant plunge in oil prices globally is having an even more profound impact here in the US because of the huge strengthening in the US dollar.
I will readily admit I never expected to see gas for so little again in my life. National average is now $2.05 and many states are a good bit under $2. I bet we finish the end of this year higher than we are now, but who knows.
This isn't stopping a lot of people with very short memories from buying bigger vehicles: http://www.reviewjournal.com/busine...ne-prices-helping-spark-sales-bigger-vehicles I think the savvy buyer uses this opportunity to pick up a Prius.