Staff Reports
USA – Noticed anything at the gas stations lately? That’s right, it’s almost affordable!
The price of gasoline has been on the decline for months, and it economists are correct, 2015 should continue to see prices drop; Bankrate.com measures that American drivers could save about $500 on gasoline this year. Considering the prices were upward of $5.00 per gallon several years back, this is a considerable relief on our wallets and budgets overall.
The average price in the Walnut-Diamond Bar area is about $2.40 per gallon, but it doesn’t stop on a personal level. A boon of $100 billion could be realized in the American economy if the price of crude oil stays low.
The European economy is behind some of the speculation, but since 2008 America has increased domestic supply by as much as 50 percent. States like Texas and Oklahoma have doubled their production in recent years, making us less dependent on Saudi, Arabia.
Let’s hope this is a sign of the times for years to come.

