Could It Be True? Is Gas Really Going Down?

Believe or not, but there is a miracle afoot in Raleigh, NC. When traveling to work everyday, I pass the same gas station and over the past week alone I have witnessed a ten-cent drop in the price of gas per gallon. Imagine my surprise when I had passed by this station last week and had noticed a one-cent change in price. I immediately thought to myself, “wow, maybe things are about to change.” Well amazingly enough, my thought process was right. I watched that gas price drop a few more cents every single day and I truly thought I was witnessing a miracle.

Now, whether or not the drop in gas prices truly fits the definition of a miracle is not my call to make, but after the past few months of a struggling economy and exorbitantly high gas prices, this new change sure brings hope that a miracle isn’t too far off. So why the sudden change? According to a recent article, the change is gas price is due to a drop in crude oil price over the past two weeks. With oil being cheaper to buy, gas stations are now able to sell gas to us for a cheaper price, hence the reduction in price. However, the change may have come just a little too late. Because gas prices have been so high for so long, many drivers have looked for alternative ways to get themselves around. In May of this year, Americans drove 9.6 billion fewer miles than the same time last year, as reported by the Federal Highway Administration. This is because a large number of people have flocked to using mass transportation services such as metros, trains and buses. Also, in hopes of creating a green environment, many people have begun to bike and walk to places causing them to ditch their cars and reduce the number of miles that they drive.

So maybe the recent decline in gas prices really won’t have that much of an effect on people, seeing as though many have taken matters into their own hands. But for those who can’t use these options either because of their geographical location or because they live too far away, the change in gas prices currently may just be the miracle that a number of people need.

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