It’s funny how time changes the context of things. I passed a gas station last night and the price of a gallon of gas was $2.96. After $4 a gallon, it was like seeing a sign for free kittens. Funny, it wasn’t that way the last time gas was this “cheap.”
According to minnesotagasprices.com, the average price in the state for a gallon of gas is $3.019, and there are plenty of stations listed where gasoline is selling in the $2.85 range.
The last time the average price for gasoline in the Midwest dropped below $3 a gallon was February 2008, according to the Department of Energy. A year ago it was $2.74.
The recession is one reason for the drop. We also changed our driving habits because of the high prices. Will we change them back now that the price has dropped?