Oil and gasoline prices are down, which has allowed me, and undoubtedly many millions of Americans, to drive more to more places where I spend more of the money I’m saving on fuel.
I can’t think of a better stimulus to the economy than the much lower fuel prices of the past year or so.
The oil companies will sell more fuel, and perhaps even make up their losses from the lower petroleum prices. The economy should benefit greatly via the money left in people’s pockets and in businesses’ bank accounts.
This petro-fueled stimulus will make the crapulus from Obama seem like a drop in the bucket. This stimulus could last for many years.
A side bonus for the government in high selling volume of oil and gasoline is more revenues being added to the government to pay down debt, service the budget.