Gas Prices Lowest In Years

gaspricesI am driving down the street, I look to my left at a bright digital sign and I cannot believe my eyes. I must be dreaming! There is no way that I just saw gas prices at barely over a dollar!

Last week gas was is the lowest it has been in FIVE YEARS and I was not hearing any complaints, only more good rumours of it dropping even more. It is hard to believe that just a few short months ago we were swimming just under 150 a litre.

Although the last couple days it has been fluctuating at on average 5-8 cents higher, so what is going on? Are the big rig oil companies messing with us again, itching to get our hopes up only to drag us back down to reality. Some cities in Ontario, especially the GTA, watched gas prices jump 11 cents in 24 hours.

Gas is expected to continue to drop and hit its lowest between mid-November to mid-January, and comparatively gas prices are still much lower than usual even after a price increase, the public is befuddled at the continuous game that is the global gas market.

First we are being told that gas is high because of conflicts overseas and low supplies, now we’re told that Iraq and Russia are not effecting our supply and because of some wonderful deal with another country that probably has been manipulated, we are seeing the results at the pump.

Blah, blah, blah…

“Gas prices are the lowest they’ve been since 2012.”

“Gas expected to continue to plummet.”

Wait for it…

Gas skyrockets after…”

“Gas too expensive, Americans learn to commute.”

“Non-Work Trucks OUTLAWED”

 

… Well, maybe not those last ones, but we can dream right.

Fat Cats want their money, and the weather is crappy and getting cold, so oil production is up but the market is down because people aren’t interested in road trips in the winter time. Some are attributing it all to a wonderful combination of a strong dollar, and too large of a reserve.

This all adds up to a reduction in the prices we see, because at the end of the day the money still needs to be made and smart businessmen would rather drop the prices a few cents and still see those profit margins with everyone running to the pumps to fill up, than gouging pockets even more by sucking up those extra dollars and risk further enraging consumers.

I say let them drop! Just like a strippers panties, who wants to see them stay up. Even if only until after the holiday season, commuters will be more than grateful for the few extra dollars they get to keep at the end of every week and that influx will result in a stronger financial system. Sounds too good to be true.

So if I wake up to an increase I’m staging a coup d’etat! I know there will be some crazy Canucks out there praying for these prices to stay down, hopeful to enjoy a winter full of snowmobiling and maybe making some chainsaw ice sculptures. If they continue to rise over the winter were all going to need to work on our igloo building skills, because we’re going to be living in them.