Gasoline has broken through the $2 barrier in my part of Florida. The photo was taken late this afternoon, Dec. 27, 2018, a little bit north of Tampa-St. Pete, and not far from the southern edge of the Nature Coast. I doubt that such a low price can be found in any of Florida’s largest cities. And definitely not in the cities of the Northeast or California. Just my guess.
So what does it mean?
Is it a harbinger of general economic meltdown? Could be, but I doubt it.
Will prices remain so low? Probably not, but in this crazy time, who can say?
Will the stock market follow the gas price? Don’t know, don’t care. Don’t own any stocks. Or bonds. Let the buyer beware. I just made that up. You can write it down.
What to do?
Fill up now. Remain calm and enjoy driving while it lasts. Probably not a sign from heaven that you should rush out and buy an SUV with a V8 engine. Just saying.
Gas prices will undoubtedly rebound. Unless they crash.
As you may recall, one of the two reasons I moved to Florida was the lower cost of living. The other was warmer winters. It’s been more often cold than warm this Christmas season. But today, as I was transfixed by that $1.99 gas price, the temperature hit 77. Tomorrow, probably 78. Like the gas prices, I enjoy it while it lasts.
Tomorrow’s gas price?
Only one thing I know for sure. Nobody can predict the future.
— John Hayden
The gas prices drop periodically. They will go back up to close to $3. Enjoy while we can.
Yep, they go up and down. But amid the present economic and political turmoil, I’m thinking this is more than your routine ups and downs. We are overdue for a major recession and some apparent bubbles could burst at any time. I doubt we’ll see $3 gas anytime in the next year or two, at least.