The Pros And Cons Of Lower Gasoline Prices

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B.J.’s Gas Price April 1, 2020

Imagine the phrases swarming like bees in my head, when I pulled up to the pump and glazed over the sign that read $1.87/gallon. Yes, membership has its advantages. Happy as heck to shell out less than two bucks a gallon. Almost time to consider high test. When was the last time I paid so little?

Without my grocery discount, Stop & Shop is becoming a 21st century bargain.

At $2.29/gallon, the Mobil station at the interstate is well above the average, but filling stations near highways are always high, right? George the operator tells me nobody’s driving and his price keeps sinking like the Titanic. He expects to take a few pennies off the price again later today. Did I mention not one motorist occupied any pump or came inside the convenience store? Nada. Just George and Brian. No wonder he was happy to see my mug.  This is at the height of the Thursday morning commute.  Normally, George’s Mobil is hopping with employees and patrons. The lines can run 2-3 deep. There are now only two workers, splitting reduced hours Sunday-Saturday. The Subway sandwich shop nestled inside collects dust. Closed indefinitely.

I love paying less out of pocket, yet worry about the effects on the economy. The “too good to fail banks” are failing again. Capital One hit hard by plummeting crude prices. The executives are skinning their knees at the Fed and to government praying for another bail out. (I believe Capital One received a hefty financial package in 2008) The taxpayers are still paying off that debt. If Capital One wins, expect other banks to follow suit because the example is set, and because their big six, seven and eight figure executives screwed up. Not you. Not me. Not our kids! Sounds like a new swamps a brewin’.

I’m not sure exactly how the coronvirus effects dropping crude prices. We have fewer cars and trucks on the road. However, barrels of oil were free-falling prior to us being held hostage by the cerveza bug. Since the oil plunge ignited before the pandemic, taxpayers should not, Should Not, SHOULD NOT bail out these banks and mega corporations. I never dreamed there would be pros and cons to lower gasoline prices.

Where are you finding the most inexpensive gasoline, or are you mostly loyal to the same station?

Do you want your tax dollars bailing out Capital One, again? If the answer is Yes, then expect our children, grandchildren and great grandchildren to pick up the tax tab! 

 

Brian Hosts Brian’s Beat Saturdays, 7 am – 9 am, on 1420 WBSM. Download the WBSM app at wbsm.com

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Brian
Brian
Brian is a five decade real radio veteran and the founder of Brian’s Beat, the media company that produces the Brian’s Beat Talk Show, commentaries, several podcast stories, along with Brian’s Beat On The Street.
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