Tuesday, March 3, 2015

Americans Keeping Extra Gas Money in Pockets

From the Feb. 19, 2015, Chicago Tribune by Christopher S. Rugaber, AP.

I'm loving the lowest gas prices in five years.  It even got down to below $2 here in super-expensive gas Illinois.  I bought it as low as $1.90 in McHenry thanks to a gas war started by the new Murphy USA gas station by Wal-Mart.

The lower gas prices is good for business as Americans have more money to spend on other stuff.

From Nov. to Jan. employers added over 1 million jobs and even pay was raised in December.But. Americans aren't spending the money at retail stores.  Evidently, drivers are using the extra money to reduce debt and build savings.

Gas in January was nearly $1.10 less than it was a year ago.

I know I am a bit more open to travel at these lower prices.  We definitely curtailed travel because of he high gas prices (even though we are retired and have the time.  And, it isn't the fact that we can't afford $4+ gas.  We can, but I hate to see the GRB getting richer.

Plus, there is plenty to do in the local area.

Gas is now up to $2.40 around here, but I expect it to be back up to $4 by the end of April, if not before.

Why?  because the GRBs Can.  --RoadDog

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