Wowza at the price of gasoline lately! I procrastinated on filling up my Honda Fit this last time…the little warning light actually came on. I pulled into the gas station near our home (Houston, TX), filled my baby all the way up, and the grand total was $17.06! I am seeing prices like $1.69 a gallon flashing on several signs now. I honestly never thought I’d see prices like this again!
What Does This Mean For Us?
My hubby and I drive for some of our hobbies like board gaming and for both of our side hustles – reffing and pet sitting. So low gas prices means more money in our bank account. No real negative for us.
But we do know people in the oil industry. Layoffs are happening right now, so there is general worry about job loss. I am guessing that the prices will only stay this low for 6-9 months, so I am keeping my fingers crossed that the people I know will be able to wait it out. At the same time, I cringe to think about spending $3.50 per gallon again. It’s a odd feeling to be happy and empathetic at the same time.
What Does This Mean for You?
Are you being positively or negatively impacted by gas being less than $50 a barrel? What sort of prices per gallon are you seeing in your area? $1.69 is the new low around here (Houston). $1.75 seems to be the average. What does it look like in your state or country?