Despite the dip in the price of gas which should leave more money in the pockets of people, some people say they don’t feel much of a difference.
If you have stopped by the gas station in the last little while, you might have noticed a little bit of relief on your pocketbook.Gas Buddy’s Patrick De Haan says the drop in prices is because of an economic slowdown in both China and the United States, meaning less demand for gas and crude oil.
“If they consume just a little bit less, there can be a lot more breathing room, which can push prices down. If Chinese and American were to plummet even 5 per cent over night, it would vastly shift the balance of supply and demand.”Despite the dip in the price of gas, which should leave more money in the pockets of people, some people say they don’t feel much of a difference.
Others say the price drop is hard to appreciate when everything else causes stress on their wallets, too.
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