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Low gas prices are kind of like a $1 billion daily bailout

Remember those $4 a gallon gas prices? They were costing America a lot, more than I realized. According to the chief oil analyst for Oil Price Information Service, Tom Kloza, today's lower gas prices are the equivalent of Americans saving a billion dollars a day on gas. While that certainly takes a bit of the bite out of people's energy budgets, there are other ways to look at what Kloza is saying. While the Detroit Free Press highlights the money saved in comparison to the $1.6 billion or so that Kloza estimates Americans were paying each ... Read more →

Recent drop to $2 gas just might help Detroit's SUV sales, Europe is immune Sebastian Blanco

Yesterday I was out and about in town. I was biking – yes, through the snow – and about fell of my bike when I passed a gas station selling regular unleaded for $1.89. They not only had ...

Low gas prices are kind of like a $1 billion daily bailout 10 months ago on Autoblog Green

Remember those $4 a gallon gas prices? They were costing America a lot, more than I realized. According to the chief oil analyst for Oil Price Information Service, Tom Kloza, today's lower gas prices are the equivalent of Americans saving a billion dollars a day on gas. While that certainly ...

Recent drop to $2 gas just might help Detroit's SUV sales, Europe is immune 2 years ago on Autoblog Green

Yesterday I was out and about in town. I was biking – yes, through the snow – and about fell of my bike when I passed a gas station selling regular unleaded for $1.89. They not only had the price displayed on the corner sign like all gas stations, but they had a handwritten sign on the ...


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