The recent drop in crude oil prices has driven the cost of gasoline down to remarkably low levels across America. It’s a whole new era, with our country suddenly awash in relatively cheap oil. This couldn’t come at a better time for many families, with all that newly liberated cash finding its way into the holiday gift budget. The piggy bank’s been fracked and we all need new jumbo flat screen TVs, the latest video games and fuzzy blankets.
So how low will gas prices go? What’s really driving the price drop? Is it simply all of the oil flowing from the Bakken Shale or is there more at play? Will OPEC’s gamble pay off? Are we on the right path to American Energy Independence? How does this drop compare to previous drops? (See: Historical Price of Gasoline in America).
I shot a little in-car stream of consciousness video while driving Slambo this week. Please take a gander and tell us what you think in the comments …
– by Daniel Gray