Monthly Archives: February 2015

Historic Lows at the Pump

oilgas-pricesWhile the recent drop in gas prices is allowing consumers to hit record highs in confidence, leading to more spending and good news for restaurants, bars, and vehicle sales, the same positive effects are not shared with the energy sector. According to the Wall Street Journal, dropping oil prices are resulting in layoffs and has Wall Street’s stock and bond investors on edge. In spite of this economists say that the damages will not be greater than the benefits on the nation as a whole, most especially lower to middle income families.  Tim Duy, an economics professor at the University of Oregon said: “To the extent you’re seeing weakness, it’s very concentrated and somewhat dramatic, it’s more evident than the additional...