How low will it go?

[klaviator]

Took this pic today in Decatur:

[KevinB]

I was in Gulf Shores on Sept. 10, 2001 and gas was $1.39/gal. Hasn't been that low since until now.

[Chuck A.]

You were either going to Allsport or returning from there,huh :o.

[Nice Goat]

It's been $1.42-1.45 in Cullman for about 2-3 weeks.  I've been waiting to see it go into the 1.30's.

Historically, whenever gas prices have gone down, consumers have used the savings to purchase more goods or to drive more (purchase more gas).  But for the last few years, lower gas prices have not been an economic stimulus.  Consumers are using the savings to pay down debt or putting some into savings.  That is incredibly smart and very necessary, but it means a slower economic recovery for a nation accustomed to a higher "velocity of money."