As most of us have been facing the consequences of the Stock Market crashing, nearly all of us have felt it in our pockets. Our wallets seem thinner, and so we wait, hoping for that glimmer of hope, the silver lining around the dark and gloomy cloud hovering above us.
We got our wish. On Wednesday October 15, 2008 the US rejoiced as we awoke to the prospect of having a full tank of gas. Yes my friends, we can finally fill up all the way with out worrying about breaking that $70 line.
As most of us experienced, gas prices have been steadily dropping. But this morning, they took a dive in our favor. With the cost of living so high due to the economy, the oil companies (mainly OPEC) have lost lots of business as Americans tightened their belts in order to make this month’s rent. And we finally got to them! The price of a barrel of oil dropped below $75, the lowest it’s been in 14 months. We got to reap the benefits the next morning when gas prices were the closest they have been to $3 in forever.
So now that we have our oil back, will food be next? I’m not sure, but I know we all hope so.
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