Read an article, sorry, don’t have a link, that said people are saving their gas savings, not spending it as economists expected.
This is a good thing.
I’m using my gas savings to pay off all debt, including my mortgage. and with my 160 mile daily commute, it’s a sizable chunk of change.
. Except, in order to have super-low gasoline prices, the price of oil has to be too low to support exploration and many forms of oil recovery, thereby decimating 100,000's of jobs. Catch 22?
Better be buying canned beans with the savings...
I would rather NOT see Saudi Arabia win the war against American fracking. I’d prefer those slightly higher prices IF we would use American fuel in the American economy and (1) keep the frackers from going bankrupt and being forced to sell out to Saudis or their covert operatives, (2) keep the frackers pumping oil out of the ground, and (3) keep the frackers hiring Americans by the boxcar load.
Not funding Islamofascism through the back door has to be worth something.