Gas Prices are Falling, Yet Folks Line Up to Save 3 Cents Per Gallon; What Does This Tell You About the Economy?

By A Texas Reader

“That leaves us basically once more in the hands of Occam’s Razor, namely that oil prices are falling hard because demand is falling hard. The scale gives us insight into the nature of the slowing of the global economy, to which the US is a full part…”

David Stockman
 

So true.

I use WWW.gasbuddy.com to shop for the lowest price on gasoline. There is a Kroger supermarket about 4 miles from my residence that consistently has the lowest prices around according to the comparison site. And by using a Kroger rewards card, I save an additional 3 cents per gallon of gasoline

Some days there are lines at the Kroger gasoline pumps. This is odd, as the 7-11 a block away from Kroger always has the same price as Kroger, but without the 3 cent per gallon rewards discount.

Folks line up to save 3 cents per gallon.

What does this tell you about the economy?

At David Stockman’s blog.