What’s Keeping the Global Economy Afloat? Cheap Gasoline

Cheap gas means more discretionary income

Consider the following projection by the American Automobile Association (AAA). The financial effect of a 27-cent-per-gallon drop in gas prices — the amount that the national average gas price is predicted to fall during the Labor Day weekend versus last year — will save households about $202.50 a year, or $16.88 a month.