Energy Economist Warns Of The Downsides Of Low Gas Prices

Purdue University energy economist Wallace Tyner want to remind you that it’s not all silver lining with low gasoline prices. Even if having the lowest gasoline prices in over three years means lower production and transportation costs for U.S. companies, the reality is that falling prices at the pump is a key sign of lagging economic growth around the world. According to GasBuddy.com, the average price of a gallon of regular gasoline has fallen 22 cents $3.18 in the U.S. over the past month. Crude oil prices have dropped by more than $20 a barrel since the summer because of slow economic growth in Europe, China and many other parts of the world. Slower economic growth around the world means reduced demand for the gasoline that the U.S. exports, which results in lower prices here.

THE CONVERSATION QUESTION: Are You A Little Worried About The Current Drop In Gasoline Prices?

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