The last 5 years or so have been very tough on many Americans. Paychecks are simply not covering the continuing rise in prices of just about everything. A person almost needs to take out a second mortgage in order to go grocery shopping! I need to shell out 5 bucks just to buy a pound of hamburger; that is completely absurd! In addition to rising grocery costs, we are paying more for non-grocery items that we normally buy like toothpaste and cosmetics. Gas prices just a few years ago were the highest they have been in years. Health care costs keep on skyrocketing with no end in sight. To go along with the rising costs of living, people’s wages have remained stagnant and in some cases been decreased. The median family income has gone done in the last 5 years. Well just when things appear to be spiraling out of control, a ray of hope has emerged that will go a long ways in putting more money back into people’s pocket.
If anyone has noticed, gas prices are dropping like crazy in the last few months. A few weeks ago, I stopped at my local station to fill up and had to do a double take at the price listed on the pump. $2.44 a gallon? There surely must be some type of mistake! Remember a couple of years ago when gas was $4 a gallon and many experts were predicting it to go even higher? Never in my wildest dreams did I see prices coming down this far! I was jumping for joy when gas was suddenly below 3 dollars a gallon! It now appears to be headed lower than 2. For people like me who live a large metropolitan area, the drop in prices is a huge boost to my finances. I am now paying about 50-60 dollars less per month on gas than I did about a year ago. This is an economic stimulus that will work unlike those government economic stimulus packages that just transfers money from one part of the economy to another. People all across the country will not have to shell out so much of their take home pay on gasoline and have more money to spend on things like Christmas presents. In addition, businesses will certainly reap the benefits of the lower gas prices. Many will see lower operating costs and this will definitely improve hiring.
The price of oil has dropped to some of the lowest levels in years. The fact that we have increased our production by nearly 50 percent since 2008 has played a key role in lessening the demand for oil and thus the lower prices. It is refreshing to see that we are using our resources and technology to become more energy independent. I just hope the politicians in Washington see how our vast amount of resources can be a gold mine of opportunities and good paying jobs for years to come. Let’s beware of those crazy, phony extremists who claim we are damaging the earth by using some of those new methods for extracting energy. Their claims are totally misguided and foolish. Our emphasis on energy independence is something that can help us prosper for years.
I want to give a shout out to those who are making this TRUE economic stimulus come alive. Your reasoning and planning is making life so much better for millions of Americans by putting more money into our pockets just in time for Christmas. This is one present that we can all enjoy.