If GAS prices went to $1.99 (unemployment rate, gallon, gasoline, dollars)
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What do you think would happen if Gas price's were forced below 2 dollars a gallon! The economy would explode, and the unemployment rate would plummet.
Agreed. This nation is almost certain to experience a double dip due to the recent oil spike we are experiencing. Oil prices can rise but it must be slowly so the economy can adjust. Sudden shocks create panic like we are seeing now. A perfect example is before all this in Libya started, nobody thought anything of $80 oil because we have become used to oil at those prices and it has slowly crept up over the course of two years.
What do you think would happen if Gas price's were forced below 2 dollars a gallon! The economy would explode, and the unemployment rate would plummet.
Not really, it would for a while.....but unless something else happens...
People would have more money to spend, thats for sure. I have to ask though, how would you get gas prices that low?
If you cancelled all federal and state gas taxes, we are already in a financial hole, it'd be worse. I don't even think that would lower it to below 2 dollars a gallon. We don't have enough oil to pump in the United States to lower it to that amount, or enough refineries to increase the gas supply by that much.
It'd be nice, but its unrealistic in todays global oil market.
It would definitely help.
I heard that every 1-cent increase in the avg price of a gallon of gas takes $1 billion dollars 'out' of the economy that would've otherwise been spent on other things.
It would definitely help.
I heard that every 1-cent increase in the avg price of a gallon of gas takes $1 billion dollars 'out' of the economy that would've otherwise been spent on other things.
Come on....really....
I have read some of your post and agree and disagree with them.....
But this post ....really...provide a link please....
If gas prices went to $1.99 by virtue of oversupply or reduced refinery costs, all three levels of government would immediately raise their gas taxes by $2.00, and the owner of the gas station would do the same. The new price would be $9.99 a gallon, upon which the three levels of government would raise all their taxes massively to provide gas subsidy programs for the poor and needy.
What do you think would happen if Gas price's were forced below 2 dollars a gallon! The economy would explode, and the unemployment rate would plummet.
Personally, I'd save about $30-40 a month in gasoline.
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