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Low Gas Prices May Not Be All Good News

Low Gas Prices May Not Be All Good News

Photo: clipart.com


While gasoline is selling below two-dollars a gallon in some cities across the northern plains, the great news for motorists is cause for alarm for investors. Markets around the globe are showing signs of weakness as crude oil dropped to 50-dollars a barrel, half what it was a year ago. Creighton University economist Ernie Goss says stock markets in Europe and Asia are reeling and Wall Street is reacting.

 

Goss says the steady drop in gas prices will force ethanol makers to respond.


Triple-A-Nebraska reports gas prices in Nebraska are averaging two-oh-eight a gallon, the lowest in about five years.

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