One might ponder how exactly these (for the most part,) falling gas prices would affect us Twin Cities folk. In my own opinion, though it isn’t the prime option for the global economy, it would definitely do some good for our local economy. Airfare prices have been dropping, which, though not quite optimal for the airline companies, is pretty rad for anyone looking to get a smoking deal on airline tickets. Airlines wouldn’t be the only companies seeing an increase in business, either; when gas is super cheap, more people are willing to buy gas, and drive places. Though car sales haven’t been the best in recent years, there’s potential for slight increase, considering oil prices stay consistent (or better yet, drop further!). Transportation companies in Saint Paul, like Amtrak and Greyhound Bus Lines, could likely see a drop in ticket prices too, not to mention the entire Metro Transit system (hopefully) could also be seeing reduces rates sooner rather than later. Transportation as a whole (both locally and otherwise) would be ridiculously affordable. That’s right: planes, trains, and automobiles all around! And at prices we can actually afford to pay? Count me in!
an increase in business, either; when gas is super cheap, more people are willing to buy gas, and drive places. Though car sales haven’t been the best in recent years, there’s potential for slight increase, considering oil prices stay consistent (or better yet, drop further!). Transportation companies in Saint Paul, like Amtrak and Greyhound Bus Lines, could likely see a drop in ticket prices too, not to mention the entire Metro Transit system (hopefully) could also be seeing reduces rates sooner rather than later. Transportation as a whole (both locally and otherwise) would be ridiculously affordable. That’s right: planes, trains, and automobiles all around! And at prices we can actually afford to pay? Count me in!
In addition, another topic that comes to mind, in pertinence to the overall effect of Twin Cities-area gas prices: if one’s budget stays the same, and less money is invested in gas/transport in the Twin Cities, there’s going to be a surplus of money. Now think back to the 2008 economy crash: what places saw a massive downfall (or worse, elimination) in business and profit? Family-owned small businesses, sit-down restaurants, boutiques, hobby shops, etc. Places that one didn’t need to go when short on money