I was recently driving to work and heard on the radio about gas prices in New Jersey falling to $2.99 per gallon of regular. Yes, that’s right, gas prices starting with a “2“! I was so happy to hear the story but I was quickly disappointed to realize it was just a passing comment at the end of the business report. I guess it’s hard to compete with a looming U.S. default or some other negative news that has taken priority.
Anyway, it is good news! According to AAA.com, the National Average Price for regular is $3.34 per gallon (as of 10/14/13) and it was $3.79 a year ago. I typically fill up once a week and need about 15 gallons each time. That’s a savings of about $6.75 per week, and at that rate, more than $330 a year to spend on something else!
Here are a few things that you could buy for about $300 or less:
- 6 pairs of shoes @ $50 each
- A 32” flat-screen TV
- 2,400 meals (according to www.feedingamerica.org)
The list goes on and on and hopefully everyone feels a little less ‘pinched’ with the lower gasoline prices. It should also go a long way to help airlines, delivery companies, and any part of the economy that requires some form of travel in their business. So celebrate the good times while you can!
How Falling Gas Prices Could Help the Economy appeared on http://rodgers-associates.com/blog/