WIBX 950 » consumer demand http://wibx950.com Your News Talk and Sports Leader Thu, 20 Jun 2013 11:11:15 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Gas Prices Drop as Consumer Demand Falls http://wibx950.com/gas-prices-drop-consumer-demand-falls/ http://wibx950.com/gas-prices-drop-consumer-demand-falls/#comments Thu, 29 Sep 2011 15:13:29 +0000 Shauna Wright http://tsminteractive.com/?p=50149 Thanks to a steep drop in crude-oil prices, gas costs have fallen below $3 a gallon in parts of Michigan, Missouri and Texas, and are expected to decline in many other states as well.

Call it an unexpected bright spot in the global economic crisis. Now that drivers have cut back on trips, shippers are moving fewer goods, and vacationers are staying closer to home, the demand for gasoline, diesel and jet fuel has fallen accordingly. And as we all learned in Economics 101, less demand equates to lower prices.

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