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Low gas prices pumping up consumer spending Northwest
Bob Solivais, of Griffith, pumps gas recently at the Speedway in Griffith, where a gallon of regular was going for $ . That's about 85 cents less than it was a year ago and about $ less
Who benefits from lower oil prices?
The retail gas industry tends to raise prices quickly when crude prices rise and drop prices slowly when crude prices fall. This variable speed of price movements has given the refineries and the gas stations opportunities to extend their profit margins. The fall in the price of crude oil from June 2014 to June 2015 was around $80 per barrel
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5 Effects Low Gas Prices Are Having On Americans The
Any good which is transported to market via truck or car also decreases in price. low gas prices effectively reduce the price of almost everything. Economists say cheap gasoline and oil slow inflation too. Low prices at the pump are enormously beneficial to American households who can now use money not spent on gasoline to save more,
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A cheat sheet on lower oil prices. Share this article on LinkedIn; Share this article on Twitter; who drive much less and for whom taxes account for a much higher share of the price at the pump, will not benefit as much. Still, since both markets are importers, less expensive oil is a nice little economic boost. When gas prices are high