I look forward to $1.60 or less for a gallon of gas....that would be a boom for the economy!!!
It would be a boom to my 160 mile daily round trip commute. :-D
Last year, in the Houston area, we were paying $1.60 a gallon. The cheapest I found it was aroun $1.40 per.
It’s good for my economy, not so good for Texas economy.
This would be BAD for a lot of economically viable States from Louisiana and Texas to North Dakota.
But, if you can’t compete, better die and pave the way for something better.
But not for domestic oil production.
And doom for a lot of oil companies. Thousands of jobs are already being lost in the oilfield.