Gas Prices
 

Since gas prices are dropping pretty good, even if it seems everywhere but Pa. I was wondering if the prices stay down or drop lower next year how does that effect your racing schedule? Are people making their plans now? Anyone adding another car to race based on fuel prices? I am not a racer so was just interested.

Re: Gas Prices
 

Skills, I think if someone is going to go from running one car to two, a thousand or two in gas won't change that. However, for the bulk of us that run one car, lower gas prices could add up to a few more races. Making plans for next year on based on November gas & oil prices is tough given the political unrest in the world. Oil could be $38.00 a barrel in the spring or $138.00. My 2 cents. J.R.

Re: Gas Prices
 

I'm in Pa most every weekend and gas prices have dropped there too.

Cheaper gas means more travel/road trips whether yu are a racer or not.

Re: Gas Prices
 

I don't think it is reasonable to suggest oil may be $138 come spring. You probably won't see oil above $100 per barrel for many, many years now that opec can't artificially adjust the price since they no longer control enough of the supply percentage to do so. Many top oil ceo's outline that they are preparing for another 25% drop off.

Re: Gas Prices
 

It sure won't hurt. Gasoline here in the Derby City is 1.78 and I am loving it.

Re: Gas Prices
 

$1.62 in Edmond, OK
today

Re: Gas Prices
 

There is a down side to the lower gas/diesel prices.

Over 250,000 layoffs in the oil and gas industry thus far in 2015, with predictions that the total number will be 500,000 total layoffs within the next 6 months.

http://www.theoilandgasyear.com/news...since-january/

Each of those US jobs result in a net reduction in tax revenue of about $20k (including the taxes that their employer was paying).

http://www.usdebtclock.org/

Someone (the remaining employed, who are not in the 160,000,000 US citizens getting government assistance) will have to catch up their slack and:

1) Pay the taxes lost by these now unemployed (and the tax revenue not paid by their former employers).
2) Pay unemployment benefits to those who lost their jobs.


There is no free lunch.

Re: Gas Prices
 

I am not a Economist............However, the $500.00 to $1000.00 we save in our business from gas prices goes right into what we spend every month as we sure do not save much at all.

I remember from college econ that their is a "Multiplier Effect" probably five times. The person I spend the money with will spend it with somebody else
and so on down the line. This keeps expanding our economy!

Re: Gas Prices
 

I believe those laid off oil workers are probably working in other places, not just sitting around waiting.

Re: Gas Prices
 

Gas is $1.76 a gallon & diesel is $2.18 here in Parker CO

Will the lower prices help me travel more or less?? My motorhome gets
7 MPG, lower prices help, but we will travel when we want to.

When we lived in SOCAL and diesel was $5.00 a gallon we still traveled,
maybe not as far as we might have liked.