Homeowners May Get Cheaper Heating Bills
After years of rising heating bills, homeowners are likely to find some relief this winter. As we all know prices in gasoline have been falling dramatically, because of this the cost of natural gas on the market is about half the cost of what it was last year. Over the past two months the price per barrel of gasoline has gone down by fourty cents. By the price of gasoline going down people will have to pay less for their heating bills and for there transportation. By not spending so much money on high gas prices people can start to spend there money elsewhere. By spending there money elsewhere it is a good way to jump start other parts of the economy.
2 comments:
I feel that with the decrease in the price of gasoline, people will spend more money on other products. The decrease in the price of gas will help out our economy in the long run because of consumers purchasing other products such as fast food and travel. This will also benefit the less fortunate this winter by allowing them to not only purchases heating, but also other important expenditures such as healthcare. The decrease in the price of gas will be an all around good thing for America because it will allow for the reduction in the cost of heating homes and filling up our tanks and also allow for Americans to spend their money on other luxury items that helps boost our economy.
From first-hand perspective, and having to pay a gas bill monthly I can be a testimony to this case. For the past year, I have paid on the budget, which for our level of use was rather high at $122 per month. However, recently our budget got reviewed and changed to only $36 a month. Since we have built such a credit over the past year, and with our cost per unit dropping, we are going to be able to most likely make it through the winter at the new budget cost.
With the amount of savings coming about in gas prices falling, I also agree that there is more money to be spent elsewhere. As long as people have excess money, they will be spending, and with the spending there is an increase in demand, decrease in supply and a need for more production. The cycle continues, and the economy benifits.
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