And consumers are «feeling a little better» about the economy and their wallets, in part because
of low gas prices.
With lower gas prices out there these days, suddenly the prospect of owning a sport utility vehicle is even more appealing.
Low gas prices make just about everyone happy — except those in the oil industry and the economies that rely on them.
Despite lower gas prices, fuel economy and safety are still top priorities for consumers looking to buy a new or used vehicle.
Asian gas prices likely provide another dollar or two of lift, getting projects closer to economic viability at
current low gas prices.
Lower gas prices = more road traffic = more car crashes = more insurance claims = higher car insurance premiums.
If a utility is deciding what to burn in an existing plant,
recent low gas prices have kept the more efficient gas plants running nearly flat out.
The drag in Q2 was Canadian Tire's gas stations,
where lowered gas prices drove down that segment's revenue more than 13 % compared to a year ago.
But fast forward to today and the combination
of low gas prices and a renewed appreciation for the style and space of SUVs are driving a big surge in sales.
DeHaan says that continued
low gas prices in the U.S. can be attributed mostly to an increase in the amount of crude oil produced in the U.S., with American oil inventories up 27 percent compared to this time last year.
Global oil prices have been falling, which has resulted in
lower gas prices for drivers in the U.S..
Lagging C - Max sales can also be attributed to the rise in demand for crossovers and SUVs and hybrid sales have not been helped
by low gas prices.
Or, is this a crusade (or an «opportunity» as they define it in business) for the moneyed interests who would rake in huge profits under the guise of
helping lower the gas prices of the American consumer?
The USA is gradually switching from coal to gas
as low gas prices make it favourable to burn, and it could make stronger use of particularly cheap gas since a great deal is produced within the country, but political will at present is still focused on retaining the use of coal.
While
lower gas prices mean consumers theoretically have more disposable income, the Commerce Department recently reported that US retail sales were flat as shoppers have other priorities.
AlixPartners» retail practice director, Noam Paransky, said shoppers have saved about $ 100 billion from
low gas prices since last year, but middle - and low - income shoppers are holding on to those savings or spending on travel and entertainment.
Patrick Dehaan, GasBuddy senior petroleum analyst, talks
about low gas prices ahead of Independence Day travel.
Furthermore, when last fiscal year's lackluster results came in (primarily because of
continued low gas prices) management skipped their bonuses (imagine that!).
For more on
how low gas prices and litigation threats have taken the heat out of the fracking fight, read Dot Earth here.
Reduced revenue as a result of low current and long - term wholesale energy prices, driven by
record low gas prices due to the plant's proximity to the Marcellus shale formation.
Demand is rising too: Goldman says China and other emerging markets are using more oil than analysts had anticipated,
while low gas prices are encouraging American consumers to drive more than ever.
Greg Foran, head of Wal - Mart's U.S. division,
said lower gas prices were «helping» as the discounter makes its way through the holiday season.
Calling Wal - Mart «our best $ 35 oil idea» in a mid-December note, Nomura analyst Robert Drbul wrote that low oil and gas prices help Wal - Mart «for two key reasons: 1) we believe lower income demographic consumers stand to benefit most
from lower gas prices, and 2) we believe its private transportation fleet (> 6,650 trucks; one of the largest in the world) will realize cost benefits due to low fuel prices.»
There is some evidence that recent crude oil discounts in Western Canada have been partially passed through to consumers
through lower gas prices.
Last year, GEICO suffered from higher personal auto claims (as a result of
more low gas prices and more driving), and this year it accelerated new business efforts.
Improved weather and
lower gas prices fueled a 3 percent increase in traffic on the Thruway last year as the 570 - mile thoroughfare struggles with its finances.
«Most Minnesotans wish Michelle Bachmann was hiding in the bushes when she was instead voting
against lower gas prices and a higher minimum wage,» said Democratic Congressional Campaign Committee Communications Director Bill Burton.
The corresponding effect of people cashing in on
lower gas prices increases the amount of greenhouse gas emissions released into the air by all those gas guzzlers.
Past
temporarily lowering gas prices and easing the burden of having to come up with more eco-friendly fuel alternatives right - this - second, you can also thank fracking for releasing tons and tons of carcinogens into people's neighborhoods.