Here’s Why Cheap Gas Prices May Actually Be A Very BAD Sign For The Economy

If you’ve been to the gas station lately, you probably just about turned cartwheels. I know that my last fill-up was almost $15 less than it was a few months ago, which goes along with a recent report that prices are the lowest they’ve been all year.

While this seems like a great thing, I have some unfortunate news for you. Cheap gas prices can actually be a BAD economic sign.

It boils down to a few things:

  • How this affects the oil industry
  • How great a part of the GDP that the oil industry is
  • How this affects the market

While these plummeting prices are awesome today, they could be the precursor to an oil industry crash. In turn, this could lead to an economic collapse like the one in Venezuela.

…continue reading

 

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