2006-09-13 12:54:19 · 11 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Yes, it will stimulate the economy. As the price of gas lowers, so does the cost to transport items, which is usually passed to the consumer by raising prices. As the cost to transport lowers, the cost of goods will also be reduced, resulting in a price "lowering" war for major items that are not produced under a monopoly. As that lowers, so will other prices, therefore spending will increase, resulting in ahigher demand for items, which will result in more manufacturing and transporting, resulting in more labor, more wages paid, more income to be spent, more items purchased...the circle will grow until something again comes along and throws it all off balance.
2006-09-13 13:01:24 · answer #1 · answered by Mark W 5 · 2⤊ 0⤋
I noticed today in Florida, the price for regular was $1.43 a gallon. Our Suburban takes the middle grade and it was $1.53. Instead of costing over a hundred bucks to fill, anything close to $85-90 looks good. It's a very good thing that prices are falling. It will help average folks quite a bit to save on their gasoline bill.
2006-09-13 20:03:36 · answer #2 · answered by skyeblue 5 · 1⤊ 1⤋
yes, it is a good thing if you want to increase 'favorable' public opinion. Good for the economy. Good for local politicians. Bad for the public. we're actually "happy" for paying outrageous prices still. cheap oil is not a right. but merely a generally accepted fact in this culture. (only in america is there an absurd ratio of cars to people per capita)
2006-09-13 20:07:42 · answer #3 · answered by classy_gui 2 · 1⤊ 0⤋
You guys are very lucky in USA .. i wish price fall in UK too .. here we pay £3:80 per gallon that's $6:30 per gallon
2006-09-13 21:42:59 · answer #4 · answered by Azul 6 · 1⤊ 0⤋
Yes. The prices need to keep falling, too, because they are way too high.
2006-09-13 20:01:49 · answer #5 · answered by Rhonda 7 · 1⤊ 0⤋
I would say so. The price of regular at one station is $2.35 a gallon. I never thought I would be happy to see gas at $2.35 a gal., but I am.
2006-09-13 20:00:23 · answer #6 · answered by no nickname 6 · 1⤊ 0⤋
yes, they are falling, and it's a good thing for the economy and the stock market.
2006-09-14 15:56:22 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yep...I paid a mere $2.48 a gallon today. That is pitiful. To be happy over that price....lol....
2006-09-13 19:56:37 · answer #8 · answered by love_my_4x4 3 · 2⤊ 0⤋
Oh heck yah! $20 actually comes close to filling my tank again!
2006-09-13 19:58:09 · answer #9 · answered by Anonymous · 2⤊ 0⤋
$2.29 northeast Georgia today.
2006-09-13 20:01:34 · answer #10 · answered by Bluealt 7 · 1⤊ 0⤋