OUR OPINION: Economic drop not all bad

Staff Writer
Gonzales Weekly Citizen

While we hear the woes of many in today’s world with the status of not only the nation’s economy but on a global scale as well, it may be hard to find some silver lining in this dark cloud.

However, you don’t have to look far to find it in our neck of the woods. In fact, you can find it in what would have been the last place you’d expect to see it at this time six months ago.

Where? The gas pump.

Much like the totals on the Dow Jones market, the price of gasoline has been tumbling in recent days as well. According to LouisianaGasPrices.com, gas has fallen below the $3 mark in the metro Baton Rouge area, if you’re up around that way. Closer to home, prices still hover above the $3 mark, but they will be making their way down shortly as well.

Don Redmond with AAA said Thursday that we could possibly see gas prices fall as low as around $2.77 per gallon in the next week or so, as the per-barrel price of sweet crude continues to fall. As of midafternoon Thursday, the price sat at $84.46, down $2.13 on the day after spiking well above $100 only months ago.

However, word is getting around that OPEC officials - the group who regulates the cost of oil around the world - may begin to cut production in an effort to bring the per-barrel price of crude back to around $100 per barrel. Let’s hope that’s not the case, but we honestly can’t expect the price at the pumps to ever be what they were in year’s past.

So, while we do have to worry about how our economy will recover and how our presidential candidates argue about who will actually fix the problem and how, just know that it won’t hit you as hard in the wallet to drive to the polls Nov. 4 and make your decision on who that will be.