Summer's End: Chilly for Gasoline

Over the summer in 2009 gas futures fell just 3.6%; in 2010 over the same period of time gas futures have fallen an alarming 14%.  As a result of this, retail prices at the pump may be even lower over the U.S. labor day holiday when usually prices would go up given the vast amount of travel done over this weekend.  

Concerns about the European debt crisis and worries about a double dip recession in our own country have already taken a toll on the retail prices of gas.  Drivers already received breaks over Memorial Day and Independence Day therefore making it a relatively lucky summer.  

Investor's are restoring hope for our economy by backing the idea that strong demand is leading us into recovery rather than falling into another recession.  The high unemployment rate teamed with an uncertain economic future isn't helping though.  Consumers are worried about those two factors which is causing them to ease on spending any more than needed. 

In conclusion, this has been bad for business and good for consumers.  Consumers need to take advantage of these low gas prices which will help the economy get back on it's feet.  

http://online.wsj.com/article/SB10001424052748704340504575447970839088214.html