Wednesday, November 13, 2013

Falling Fuel Prices

The Daily Mail reports:

The average price of regular gas has fallen to $3.19 a gallon, with drivers in eight states now able to fill up their cars for less than $3.

Prices have been dropping by about a penny a day, according to AAA, with another six states close to falling below the $3 mark soon.

The fall in prices has been credited to a strong flow of cheap crude coming from Canada and North Dakota.
High energy costs have been a millstone around the neck of the economy. Lower fuel costs should lead to a boost in the economy. Unfortunately, this will allow Democrats and Obama to claim credit for any improvement in the economy, although they have in fact done most everything they could do to keep energy prices higher.

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