Effects of lower gas prices

Madilyn Neigenfind and Alyssa Garrison

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Gas prices being dropped to as low as $1.49 and more oil being excavated has left some students and faculty worried about the effects it might have on economies and the environment.

With the gas prices dropping to $1.49 and more oil being found, people have begun to worry about our economy and how this issue could affect us in the long run.

 Senior Keelah Warden said she is worried about what taking more oil from the planet could mean for people now and long after this generation is gone.

“You can tell the gas prices are lower, but the earthquakes are going up because we are taking all the resources out of the land and eventually there is going to be a point where you have to stop doing that [drilling for more oil] or else you are going to kill the only place we have to live.” Warden said.

This sudden drop in prices is due to the discovery of many gas sources found in the Middle East as well as a widening variety of new oil markets.

Junior Kyle Bannon said he believes that these decreasing prices could cause problems with economies all over the world.

“Economies in the Middle East that heavily rely on us could be hurt by this change because they would be getting less business from us and making less money.” Bannon said.

Oil is bought and sold on a world market and largely driven by supply and demand. By lowering gas prices, this can lead to geopolitical tensions and make many countries unstable.

“It’s always nice as a consumer to have lower prices [on gas],” science teacher Jay Super said. “But it’s also hurting small western communities as well as other countries largely dependent on profit made by selling oil.”

It is estimated that these prices will go back up some time next year.