PD Editorial: Don’t waste the gift of low gas prices

PD Editorial: Don’t waste the gift of low gas prices

Santa Rosa Press Democrat | December 21, 2014 | by The Editorial Board

If gas prices stay low, Mark Zandi, the chief economist at Moody’s Analytics, estimates that American consumers could gain $100 billion in disposable income over the next year. “It could make the difference between a good year and a great year,” Zandi told the Los Angeles Times. …The windfall for consumers is accompanied by economic pressure on oil-dependent states such as Russia and Iran. Declining prices also are a problem for the Islamist rebels of ISIS, who finance their military ventures in Syria and Iraq by selling oil.

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