- Highlights
- Full Text
Keywords:
[0:00] ..." It's ironic and and Atlantis Morris that kind of way that gas prices are down now that the summer travel months are behind us. I USA today poll from earlier in the year found that a third of Americans canceled vacations because that pain at the pump. But in the past few days gas station managers couldn't change those signs fast enough the prices are dropping quickly back to below three dollars a gallon in many areas."...
[0:00]" It's ironic and and Atlantis Morris that kind of way that gas prices are down now that the summer travel months are behind us. I USA today poll from earlier in the year found that a third of Americans canceled vacations because that pain at the pump. But in the past few days gas station managers couldn't change those signs fast enough the prices are dropping quickly back to below three dollars a gallon in many areas. Crude oil which makes up a big chunk of the price of gas has fallen 44%. Since the spring. Not to be the black fly in your shark name but cheaper gas is a bit of a mixed blessing it means demand is down and people are spending less. Some economists say it's a harbinger of a coming recession and possibly more job losses if that's true those four dollar gallons weep alone. Might have been a good thing. That's either ironic or just the law of supply and demand economics. That's a page from my notebook I'm Katie Couric CBS news."















