Loading ...re The pea brains wonder why lower gas prices aren’t helping the economy. First of all higher gasoline didn’t hurt the economy at all. So why would lower gasoline help? That’s like pissing on a forest fire.
It was all the outsourcing. Importing people and exporting jobs at the same time. Resulting in deflation in wages and hence lower income tax receipts. Also in many areas property taxes are too high, driving rents too high relative wages.
Heating oil hurt a lot more than high gasoline, because the heat in on 24 hours a day for half the year in the colder states. The car? They are turned off most of the day. All day at work, and all night at home.