Low Gas Prices = Bad Economy

Sure, it's great to see gas prices under two dollars a gallon. I remember paying as much as $4.07 one day back in July. However, I'm not smiling when I fill up my car. To me, low gas prices are the only good thing to come out of the global economic collapse. I'd rather pay $4 a gallon and not have my IRA chopped by more than 30%. I also hope this doesn't curtail our country's approach towards developing alternative energy, since gas prices will inevitably go back up. While it is more affordable to drive now, it likely won't be in the future. In response to falling prices, OPEC is expected to cut worldwide production, something that will drive prices up again. Those countries are betting we won't shake our addiction to cheap gas. It's important to continue pursuing efforts that will allow us to become more efficient with the energy we do have.

Jason Barr

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