I want to know why the price of everything else hasn’t dropped because it is cheaper for trucking companies. They always used the rising price of gas as an excuse to raise the prices, so now cut the prices.
Takes a while for inventory that was bought with higher transit costs to turn over. That, and companies are slow to cut into newfound profit until the market forces them to do so.
I’m benefitting as much as anyone else from gas prices falling as they have, with no apparent end in sight. But it’s not all blue skies and white fluffy clouds on the horizon as a result. Several states are going to be hit hard by this. Quite a few financial institutions are becoming questionable again.
I’ve said it before and will likely get flamed, but I’d slap a tariff on OPEC oil and use it to subsidize domestic production. OPEC is a cartel. OPEC is dumping cheap oil in an attempt at wrecking a domestic industry. They’ve succeeded before. We’re not exactly stable economically, I don’t like what I see if this continues to spiral downward.
But, I can fill up my car for $25 now, not that long ago it was twice that. Hope it’s worth it spread across the millions of others who are benefitting likewise, because there will be trouble resulting from this in the middle of the country.