Here it comes. After years and years of telling us that the cost of goods have gone up due to gas prices rising they are now telling us that lower gas prices are bad: NPR: Why Cheap Gas Might Not Be Good For The U.S. Economy. You know what? I’ll take something that is not great for “the economy” but that will help the poor and middle class save a little money on their drive to their job every morning, keeping “the economy” running.
It would be laughable if it wasn’t so sad. I predict more and more articles like this, especially from corporate news sources. Once they get us all worried about how bad cheap gas is, then the President will be blamed for it, just as he was blamed for higher gas prices. And certainly don’t hold your breath waiting for cheaper bread and milk prices. Money rarely trickles down in that direction.
But whatever. It’s Friday and payday, which means I get to head out to my huge money bin for a nice little swim.
The Struggling Writer 
Consumer prices aren’t really going up much, apparently, and that’s because of lower gas prices. Social Security recipients received no increase this year due to the Consumer Price Index remaining constant.
So that’s good.
Here in my home town of Houston, we’re dependent on the oil and gas industry. Lower gas prices have meant fairly big layoffs. So it hasn’t been as good for us.
That I can understand. From an individual worker’s perspective in that industry. But from the entirety of the United States citizenry, high gas prices were never a good thing.
If I had a dollar for every time popular opinion (politically) changed regarding a hot topic item such as the cost of a barrel… I would be swimming in a pool of gold as well. – Low gas prices are great.
The way I see it, you should just take advantage of favorable developments – even if they arise from unfavorable situations.