RRJ #2

Reference

Tymkiw, C. (2009, January 31). Gas prices: Up 14% for the month. CNN Money. Retrieved February 3, 2009, from  http://money.cnn.com/2009/01/31/news/economy/gas_prices3/index.htm?postversion=2009013114

Summary

According to the article, “Gas prices: Up 14% for the month,” the gas prices are going up. The gas prices last Saturday were 14% higher than the start of the month. The prices were on an upward trajectory for most of this month. But the prices are 38% still lower than the same time a year ago. It’s also 55% lower than the highest price of $4.114. We do not need to worry about the prices become $4 soon. The drivers started shying away from the roads in the summer; this is another reason to cause the gas prices to go down. Because of the crude oil prices were dropping-off, the gas prices also were pushed lower. Saturday, there were only 5 states where gas prices were above $2; the cheapest gas price was $1.535 per gallon.

Reaction

As a driver, I think gas prices being still lower than before is a good thing. It helps me save a lot of money. But the lower gas prices also show that the economic problem is not finished. This money for the gas prices was 14% up; I think it’s a good thing, because that means the economy is better. There are many reasons that cause it, the gas prices, the crude oil prices, the auto companies, the season and so on. Half month ago, the US government spent about $1,000 billion to help the people. I think this also influenced the gas prices. I hope that the economic problem will be solved, but I do not want the gas prices to get high.