GAS PRICE DROP A PERMANENT STAY?

What do obesity and gas prices have in common? There are steadily increasing with little to no improvement. That was an attempt to make a joke by the way, but it is so true. Ok well it was true. Gas prices for the past few years just keep increasing and increasing, but this month they have done something a little different. So I am pretty sure that everyone has noticed that the prices at the pump have dropped and have kind of stayed at the price it has dropped to for some time now. Many may have thought that gas went down because of the holiday weekend and would go up soon after but surprisingly it has not. Even more surprisingly is that the week of Thanksgiving, the price of oil went up significantly but gasoline on the other hand did not. It is easy to assume that gas and oil go hand in hand, but actually there are many factors that make the prices in the two acts differently. Things such as taxes, distribution and refining costs usually contribute to the prices in gasoline. For those that follow the stock market fairly closely may have realized that in some cases when crude oil prices go up that gas prices seem to follow. Not right away but a few months after. On the other hand crude oil is used for many other things other than just gasoline.

Many seem to disagree with the article about gas prices and oil prices not having a direct relationship. One person commenting on this article stated that in his state of Atlanta Georgia, when oil prices go up the price of gas changes instantly without the other expensive gas running through fully. He then stated that whenever gas goes down it is more gradual than then when it goes up. It almost makes you wonder if there is some direct control to the prices of gas. While the prices of oil cannot be all that controlled it is easier to control the prices of gasoline. Well it seems like it would be. I think that most people have adjusted to the high gas prices by changing how much they drive, carpooling and probably even cutting back on activites that would cause for using more gas. It seems weird to think that 2.99 is a low price for gas, but hey I’ll take it. It’s nice to get change back when putting gas in my car. So it’s making a difference somewhere.