Strange benefits become problems

Oil, oil everywhere and not a place to put it. That is the state of the coming problem analysts see headed for us. Well, there could be worse problems to have.

According to a writer for Motley Fool, they have a prediction for gas prices this summer you might not dislike.

Why Gas Could Plunge Below $2 a Gallon This Summer

Rising oil inventories in the U.S. could lead to sharply lower prices at the pump this summer.

Travis Hoium Mar 26th 2015 | Daily Finance

The price of gasoline has plunged 30 percent in the past year to $2.45 a gallon nationwide, giving major relief to American consumers. Plunging oil prices have driven the drop and have given a reprieve to consumers who have been paying nearly $4 a gallon for gas for most of the past four years.
But the discount on gasoline may not be over. Just as the summer driving season approaches, drivers may get another reprieve. This time, the oil boom that is driving the U.S. toward energy independence could backfire and provide a massive discount on gas for consumers. Within a few months, we may be below $2 a gallon again.

Read more at Daily Finance>

So we are in for a summer of surprise, that at least has more credibility than Obama’s summer of recovery that never came. But I’m sure Obama will find a way to personalize this to his credit, at the same time warning of Climate Change Armageddon.

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8 comments on “Strange benefits become problems

  1. Low oil prices are an economic sanction on Iran that Obama can’t remove. I’ve read several places lately that for Iran’s budget to balance, they need oil to be at $130 per barrel.

    – Jeff

    Liked by 1 person

  2. […] Strange benefits become problems […]

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