FORT MYERS, Fla. – Lowered gas prices in time for the vacations is music to a variety of drivers’ ears.
You might have seen that dip in common gas prices from weeks and even months cross like at the Wawa alongside Colonial Boulevard. Gas is now under three {dollars}.
“That’s awesome. I don’t remember the last time that happened. I feel like it was probably like 20 years ago at this point,” Jessica Koshiol, Wawa buyer stated. “To see anything under $3 is just crazy.”
Dr. Victor Claar, FGCU Associate Professor of Economics, says like a variety of issues in economics there’s not a single factor you’ll be able to level to that’s driving down gas prices, however the demand is one among them.
“One is there has been some difficulty with West Coast refineries for a while and those refineries were driving up gas prices nation wide,” Claar stated.“Another big change is we started to get used to high prices and so overtime if you see high prices for gas for a period that’s long enough you start to make changes in your life. So you drive less. You plan trips a little more carefully.”
Koshiol says she’s glad to see decrease gas prices particularly proper in time for the vacations.
“It’s nice. Hopefully, more families can go and see their loved ones this Christmas knowing that they don’t have to worry about the price of gas.”
Claar additionally says decrease gas prices are one thing we are able to get used to seeing as we replenish at the pump.
“The good news is even if there’s a surge in demand as we get closer to travel time around Christmas and New Years prices have fallen so much that even if they tie a little because of that short term increase in demand they aren’t going to rise to the prices that we were seeing earlier this year that everybody was hating.”