How low can you get? Gas prices that is. As everyone knows, gas prices have been falling precipitously for the past several months. I was surprised when I found this Arco station in Renton WA selling gas at $1.79 a gallon the other day!
Not too long ago, I remember pumping gas at $4.25 a gallon and spending close to $90 to fill up my tank. Now I’m spending half that. For a while, I was starting to think that I would never see sub-$2 gas again in my lifetime. It’s not all positive though. While low gas prices directly help the consumer, it can also encourage more consumption of oil and driving gas guzzlers.