Across the nation gasoline prices have been dropping like a rock of late. Just a month ago the average price at the pumps was about 80 cents higher than it is today, and about six months ago the average price per gallon of unleaded fuel was more than double today’s national average price of $1.89. It is basically the tiny glimmer of good news that consumers have gotten in the last few months as our economy seemingly comes crashing down right before our eyes.

Why have gas prices gone down so much? The reason crude oil and gasoline prices have come down so much is one of the main reasons the stock market has dropped so much, the fears of a massive global recession. Oil is far from immune to a large scale global recession and at this point it seems that oil traders are fearing the worst.

As you walk around the streets of America today you will hear a lot of people talking about the economy that normally would talk very little about the topic. It clearly is the in topic of the current time, and for good reason. The talk of gasoline prices plunging lower is spreading and many Americans are now faced with what to do with this new savings they are receiving each time they fill up at the pump. I suggest to you to be extremely conservative with the money that you save at the fuel pumps in the coming weeks and months. The fact that gas prices are coming down are comforting to consumers, but the real reason gas prices are coming down are truly not good for the overall economy and our nation’s economic well-being. American consumers would be far better off saving up that money and investing it into something simple like a savings account or cd rather than deciding this is the all clear to go back to driving much farther distances and not saving conserving fuel. Keep conserving the fuel and reaping the rewards of those savings, with the economic picture currently in place you can’t afford not to!